RHS Investments

RHS Investments manages the Haslam family fortune from the Pilot Flying J sale to Berkshire Hathaway, with holdings in the Cleveland Browns and private...

RHS Investments

RHS Investments was established to manage the liquidity event generated by the Haslam family's sale of Pilot Corporation. The family fortune originates from James Haslam II, who founded a single gas station in 1958 and built it into Pilot Flying J, the largest network of truck stops in North America. The sale of the majority stake to Berkshire Hathaway, completed in stages with a final transaction in January 2024, provided the capital base that defines RHS Investments today. The firm pursues a direct-investment strategy centered on private equity, real estate, and sports franchise ownership. The Haslam family is the majority owner of the Cleveland Browns NFL franchise, a position acquired in 2012 for roughly $1 billion. RHS Investments also holds a stake in the Milwaukee Bucks NBA team and has been an active participant in the Columbus Crew MLS club. Public records indicate real estate holdings include commercial properties in Tennessee and mixed-use developments in Cleveland. The geographic footprint concentrates on Ohio, Tennessee, and the broader Midwest, with opportunistic investments nationwide. RHS Investments does not publicly disclose its total assets under management or internal team size. The Haslam family's net worth has been estimated at over $8 billion by Forbes in 2024, a figure that includes the Berkshire Hathaway transaction proceeds, sports franchise stakes, and remaining operating businesses. The family maintains multiple investment entities beyond RHS Investments, including Haslam Sports Group, which houses their professional team ownership interests. Pilot Company continues to operate as a separate business under Berkshire's majority ownership and is not part of the family office's investment portfolio. RHS Investments' structural differentiator is the collision of a single liquidity event with an existing operational and sports-ownership platform. Unlike family offices that slowly professionalize over decades, RHS was immediately capital-rich and active in large-scale private assets from inception. The Haslam family's governance is anchored by the second generation — including Jimmy Haslam, CEO of Haslam Sports Group, and Bill Haslam, former Governor of Tennessee — across distinct investment, operating, and sports verticals that share a family balance sheet but run independently.

General information

Firm type

Single Family Office

Year founded

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AUM

Undisclosed

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Who makes investment decisions at RHS Investments?

RHS Investments operates under the direction of the Haslam family principals, primarily Jimmy Haslam and his brother Bill Haslam. The family maintains a private investment office structure that does not publicly disclose individual investment committee members or CIO roles. The sports holdings are managed separately through Haslam Sports Group under Jimmy Haslam's direct leadership.

Where does the Haslam family wealth come from?

The family fortune was built on the Pilot Corporation, founded by James Haslam II in 1958 with a single gas station in Gate City, Virginia. The company grew into Pilot Flying J, the largest truck-stop chain in North America. The Haslam family sold a majority stake to Berkshire Hathaway starting in 2017 and completed the full exit in January 2024, generating liquidity that forms the bulk of RHS Investments' capital base.

What sports teams does RHS Investments own?

The Haslam family, through Haslam Sports Group, owns the Cleveland Browns NFL franchise and holds a meaningful stake in the Milwaukee Bucks NBA team. The family was also involved in ownership of the Columbus Crew MLS franchise. These sports assets are part of the family's broader investment portfolio but are managed through a separate operating entity rather than the pure-investment family office.

Does RHS Investments manage capital for anyone outside the Haslam family?

RHS Investments is structured as a single-family office serving the Haslam family exclusively. There is no public evidence that the firm accepts outside capital or operates as a multi-family office. The entity manages the proceeds from the Pilot Corporation sale alongside the family's other private holdings.

How does RHS Investments relate to the Cleveland Browns?

The Haslam family, through Haslam Sports Group — a separate entity from RHS Investments but under common family control — owns the Cleveland Browns. Jimmy Haslam serves as the team's managing owner. The franchise was acquired in 2012 for roughly $1 billion and represents the family's most visible single asset, though it is operationally distinct from the family office's other investment activities.

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