James Crown, a billionaire heir, businessman, and socialite, died on Sunday following a car crash at a racetrack in Colorado, according to official reports from his family.
He was 70 years old at the time of his death.
James, who owned the Aspen Skiing Company, missed a turn while driving and hit an impact barrier at Aspen Motorsports Park in Woody Creek, suffering "evident blunt force trauma," the Pitkin County Coroner's Office said in a news release.