Robert Mcnair Net Worth is$1.8 Billion
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Nicknames: Colt .45s
Robert McNair net worth: Robert McNair is an American businessman who has a net worth of $1.8 billion dollars. Born in Tampa, Florida, Robert McNair grew up in Forest City, North Carolina. He went on to graduate from the University of South Carolina in the late 50s. He founded the energy company, Cogen Technologies, and then went on to sell it for $1.3 billion to CalPERS and Enron in the late 90s. He is the Chairman and CEO of The McNair Group, which is dedicated to real estate and financial sector ventures. He also oversees the Robert and Janice McNair Educational Foundation, which provides educational funding for North Carolina-based students. He is also the Chairman of Cogene Biotech Ventures. He is currently based in Houston, Texas, and formed Houston NFL Holdings in the late 90s. He went on to successfully bid for an NFL team, and he and his partners paid $700 million for the franchise. The Houston Texans began professional play in 2002.
Robert C. (Bob) McNair (born 1937 in Tampa, Florida) is an American businessman, philanthropist, and the owner of the National Football League team, the Houston Texans in Houston, Texas.
McNair grew up in Forest City, a town of about 7,500 in the foothills of western North Carolina. He graduated from the University of South Carolina in Columbia, where he was initiated into the Sigma Chi Fraternity. He graduated in 1958 with a Bachelor of Science degree. His wife, Janice, attended nearby Columbia College.
The McNairs have been residents of Houston, Texas since 1960. He founded the cogeneration company Cogen Technologies, which was sold in 1999 to Enron and CalPERS. Today, McNair retains ownership of power plants in New York and West Virginia. McNair now serves as Chairman and Chief Executive Officer of The McNair Group, a financial and real estate firm that is headquartered in Houston, Texas. He is also the owner of Palmetto Partners, Ltd., a private investment company that manages the McNairs' public and private equity investments, and is Chairman of The McNair Foundation. In June 2000, McNair formed a biotechnology investment firm, Cogene Biotech Ventures, where he serves as company chairman.
Committed to bringing a National Football League team to the city of Houston, McNair formed Houston NFL Holdings in 1998. On October 6, 1999, the NFL announced that the 32nd NFL franchise had been awarded to McNair. His Houston Texans debuted in 2002, beating the Dallas Cowboys in the Texan's home field, Reliant Stadium.
Robert McNair is a member of the Texas Business Hall of Fame and is a current or past member of the Boards of Trustees of a number of institutions including Rice University, Baylor College of Medicine, Houston Grand Opera, the Museum of Fine Arts, the Center for the American Idea, and other Houston area organizations. On September 12, 2007, McNair gave $100 million to Baylor College of Medicine to recruit top scientists and physicians. He is a reci

Robert Mcnair Latest News

Houston’s Uncle Bob

Photo by: HUNTLEY PATON Many of the 200-plus employees of the Houston Texans and NRG Stadium have a nickname for team owner Bob McNair. “He is affectionately known as Uncle Bob,...
Posted: November 28, 2016, 3:56 am

Bob McNair doesn’t believe Raiders move to Las Vegas will be “automatic”

It’s hard to find nine owners who definitely will vote against the proposed move of the Raiders from Oakland to Las Vegas. It’s hard to find even one at this point. Texans owner Bob McNair isn’t believed to be against the Raiders relocation, in large ...
Posted: November 28, 2016, 12:06 pm

Angry Texans fans should boo Bill O'Brien, not just Brock Osweiler

Rick Smith, three-time playoff general manager, you, too, albeit not as much. Bob McNair, owner? You trusted the wrong people, and they trusted the wrong people, and you should be more mad than anybody about how your money’s being spent. There’s no ...
Posted: November 27, 2016, 5:28 pm
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