Date of Birth: October 19, 1927
Zodiac Sign: Libra
Date of Death: February 19, 2023
Biography
Billy Joe “Red” McCombs was an influential American businessman and entrepreneur, best known for founding the Red McCombs Automotive Group in San Antonio, Texas, and for his ownership stakes in various sports teams. Born in Spur, Texas, McCombs grew up with a deep love for enterprise and sports, which would shape his career and legacy. McCombs entered the University of Texas at Austin but left to serve in the U.S. Army. After his military service, he returned to Texas and began his career in the car dealership business. In 1958, he co-founded the Red McCombs Automotive Group, which would grow to become one of the largest dealership networks in the United States. Beyond automotive sales, McCombs was a significant player in the sports world. He owned the San Antonio Spurs (two separate times), the Denver Nuggets, and the Minnesota Vikings. His leadership and business acumen significantly impacted these teams and sports organizations. McCombs was also a major philanthropist, donating millions to various causes, including education and health care. His contributions to the University of Texas, where the business school is named in his honor, exemplify his commitment to giving back.
5 Interesting Facts about Red McCombs
1. Red McCombs was inducted into the Texas Business Hall of Fame in 1982.
2. He was an original co-founder of Clear Channel Communications, now known as iHeartMedia.
3. The McCombs School of Business at the University of Texas at Austin is named in his honor following a $50 million donation.
4. McCombs owned the San Antonio Spurs twice, first from 1973 to 1982 and then from 1986 to 1993.
5. He was known for his philanthropic efforts, including substantial donations to medical research and educational institutions.
5 Most Interesting Quotes from Red McCombs
1. “You can’t be successful at everything, but you can be successful at something.”
2. “I’ve always believed in giving back to the community that helped make me successful.”
3. “Business is about relationships. Build them strong, and success will follow.”
4. “Philanthropy is not just about writing checks; it’s about making a difference.”
5. “The key to success in any venture is passion, persistence, and people.”
Highest Net Worth Achieved
Red McCombs achieved a highest net worth of approximately $1.7 billion.
Children
Red McCombs had three daughters: Lynda McCombs, Marsha Shields, and Connie McNab.
Relevant Links
1. [Red McCombs on Forbes](https://www.forbes.com/profile/red-mccombs/
2. [Red McCombs Biography on Texas Business Hall of Fame](https://texasbusiness.org/red-mccombs/
3. [McCombs School of Business](https://www.mccombs.utexas.edu/
