Red Mccombs Net Worth is$1.25 Billion
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Nickname: B J Mccombs
Profession: Investor
Date of Birth: 1927
Place of Birth: Spur
Billy Joe (Red) McCombs Net Worth: Billy Joe (Red) McCombs is an American businessman who has a net worth of $1.25 billion. Best known as the founder of Red McCombs Automotive Group in San Antonio, Texas, Mr. McCombs is one of the richest people in the world. Born Billy Joe McCombs on October 19, 1927 in Spur, Texas, he briefly attended Southwestern University in Georgetown, after which he joined the U.S. Army for two years. Later on, he joined the University of Texas at Austin, attending business and law school. In the early 1950s, he got married and left college to sell cars at George Jones Ford in Corpus Christi. By the end of the decade, in 1958, McCombs and a fellow salesman, Austin Hemphill moved to San Antonio to form the Hemphill-McCombs Ford, the foundation for what later became Red McCombs Automotive Group. Off to a good start, he has become an owner of at least 55 dealerships and counting. Already well-established in the world of business where he has been often referred to as Red, he got involved in the energy industry with the formation of McCombs Energy in Houston. But that's not all as he is a co-founder of Clear Channel Communications and Chairman of Academi (formally Blackwater Worldwide), as well as a former owner of the San Antonio Spurs, Denver Nuggets and the Minnesota Vikings. Actively involved in thoroughbred racing, cattle breeding, oil drilling, and building condos, he even served as a major partner in Walmac Farm for several years. The secrets of Red's success were recently revealed in a new autobiography titled "Big Red". Married with three children, he currently resides in San Antonio, Texas.
Billy Joe "Red" McCombs (born October 19, 1927) is the founder of the Red McCombs Automotive Group in San Antonio, Texas, a co-founder of Clear Channel Communications, Chairman of Academi (formally Blackwater Worldwide), a former owner of the San Antonio Spurs, Denver Nuggets, and the Minnesota Vikings, and the namesake of the McCombs School of Business at the University of Texas at Austin. He was named one of Forbes magazine's top 400 richest Americans in 2005.
In 2012, the San Antonio Express-News reported McCombs' net worth at $1.4 billion. He was ranked the 913th richest man in the world. Two other San Antonio men, Charles Butt of the H-E-B supermarket chain and Rodney Lewis, a natural gas driller, were placed above McCombs on the list.

McCombs was born in 1927 in Spur, Texas. His nickname "Red" comes from his hair color. He briefly attended Southwestern University in Georgetown, Texas, where he played football (lineman and receiver) before serving in the United States Army in 1946 and 1947. After completing his Army stint, McCombs enrolled at the University of Texas at Austin, attending the business school and law school. While at the University of Texas, McCombs was a member of the Alpha Tau Omega fraternity. He married his wife, the former Charline Hamblin in 1950. In the early 1950s, McCombs sold cars at George Jones Ford in Corpus Christi, leaving college to do so. In 1958, he and his fellow salesman, Austin Hemphill, moved to San Antonio to create Hemphill-McCombs Ford, which was the foundation for what ultimately became the Red McCombs Automotive Group.
McCombs entered the energy industry in the 1960s, resulting in the Houston-based McCombs Energy. He has also been involved in real-estate through the Koontz-McCombs development company. In 1972, McCombs partnered with Lowry Mays to purchase WOAI radio in San Antonio. The station was the launching point for Clear Channel Communications.
He has previously served as Chairman of the Board o

Red Mccombs Latest News

McCombs Alumni Network to Host Autonomous Vehicle Panel

The doors for James “Rad” Weaver’s education and eventual career in finance flew open when he met local billionaire businessman Red McCombs during his senior year of high school. Most Texans are familiar with Red McCombs as the chair of McCombs ...
Posted: October 20, 2016, 8:35 pm

What does a fourth loss in five games mean for Charlie Strong's job security?

Not everyone connected with the university is convinced. Down in San Antonio, Red McCombs, one of the school's biggest donors and an unabashed critic of Strong's hiring, told the Express-News he was more concerned than ever about the direction of the ...
Posted: October 22, 2016, 1:36 pm

Company behind Texas historical markers celebrates 150 years in San Antonio

The Southwell Company is also their own client. After a request by the Texas Historical Commission, the company made its own 150-year plaque, presented to them by San Antonio billionaire Red McCombs. "This old City of San Antonio and this old company is ...
Posted: October 12, 2016, 4:20 am
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