BJ “Red” McCombs, a San Antonio businessman and Texas billionaire, died on February 19, 2023 at his home. Discover his life, his career and his career here.
Who was Red McCombs? Texas billionaire dies at 95
BJ “Red” McCombs, a San Antonio businessman, died on February 19, 2023 at his home. He started out as a car salesman and built an empire that spanned media, oil and professional sports.
He died at home at the age of 95 on Sunday. Born in 1927 in Spur, east of Lubbock, at one point in his life he owned 50 automobile dealerships under the name Red McCombs Automotive Group.
In 1972 he founded Clear Channel Communications with Lowry Mays. The following year he brought the Spurs to San Antonio in 1973.
I am saddened to hear that Red McCombs has passed away. He was a giant of a man and a dear friend. My life is so much better for knowing him and he will definitely be missed. Sending our thoughts and prayers to his family and friends. 🙏💙🙏 pic.twitter.com/mdePMt06A0
—Mack Brown (@CoachMackBrown)
February 20, 2023
Who was Red McCombs?
- Born October 19, 1927, Billy Joe “Red” McCombs was an American businessman.
- In 2012, the San Antonio Express-News reported that McCombs’ net worth was $1.4 billion.
- He was ranked 913th among the richest men in the world.
- In 2017, Forbes placed the value of McCombs’ fortune at $1.6 billion, ranking him 1,290th on a list of the world’s billionaires.
Red McCombs: early life
- McCombs was born in rural Spur in Dickens County in West Texas, United States.
- His nickname “Red” comes from the color of his hair.
- His father was a mechanic and made $25 a week, but he tithed through the First Baptist Church of Spur each week. McCombs recalled watching his parents “share with those who had less, and the joy of giving never ceased to amaze me.”
Red McCombs: career
- McCombs owned the Spurs professional basketball team on two separate occasions and also previously owned the NFL’s Minnesota Vikings and the NBA’s Denver Nuggets.
- Clear Channel Communications is now known as iHeartMedia and is still headquartered in San Antonio.
- McCombs was also known for his philanthropy. The University of Texas at Austin named its business school after him after a $50 million gift in 2000.
- The north end zone of Darrell K Royal-Texas Memorial Stadium and the school’s softball stadium are also named after McCombs. In 2005, McCombs and his foundation donated $30 million to MD Anderson Cancer Center in Houston.
- He also contributed to The Texas Tribune.
- McCombs was a donor to U.S. Sen. Ted Cruz, R-Texas, during his 2016 presidential campaign.
- He was also chairman of the board of directors of Constellis, the holding group for the private military company formerly known as Blackwater.
Red McCombs: Death
McCombs died at his home in San Antonio on February 19, 2023.
Red McCombs: Awards and Honors
- Texas Treasure Business Award for providing employment to Texas citizens
- University of Texas at Austin Distinguished Alumnus, Longhorn of the Year, and Southwestern University Distinguished Alumni Award
- San Antonio Citizenship Award and induction into the San Antonio, Texas Business, Texas Philanthropy, and San Antonio Sports Halls of Fame
- Minnesota Business and Opportunities Magazine Man of the Year
- Texas Business Hall of Fame in 1998
- Golden Plate Award from the American Academy of Achievement in 1999. His award was presented by Lowry Mays, member of the Awards Council.
- Gold Medal from the National Football Foundation and the College Hall of Fame in 2001
Red McCombs: biography
|
Red McCombs |
|
|---|---|
| Born |
Billy Joe McCombs October 19, 1927 Spur, Dickens County, Texas, USA |
| Deceased | February 19, 2023 (95 years old)
San Antonio, Texas, USA |
| Occupation | Businessman |
| Spouse |
Charline Hamblin McCombs (d. 1950; died 2019) |
| Children | 3 |
| Relatives | John Shields (son-in-law) |
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