Billy Joe Red McCombs Net Worth $1.3 Billion
Also known was the 347th richest person in the Forbes 400 list and was the 1107th man listed in the World Billionaires. Also known as Red, he briefly attended Southwestern University in Georgetown, Texas. Red used to play college football then joined the U.S. Army in 1946 and 1947. Red later enrolled in the University of Texas in Austin, then attended business school and law school. Red McCombs used to sell autos at George Jones Ford in Corpus Christi. It later became the Red McCombs Automotive Group. Now, Red owns at least 55 car dealers and counting. Billy Joe Red McCombs announced on July 27, 2010 that he’ll financially backup the bringing of Formula One to Austin, Texas. Also known was the sponsor throughout the inaugural of the Formula One Grand Prix race on November 18, 2012 which was won by British Lewis Hamilton. McCombs used to be the owner of Clear Channel Communications, the San Antonio Spurs (1972-1974), Denver Nuggets (1974-1985), Minnesota Vikings (1998-2005). Also known was involved in thoroughbred racing, cattle breeding, oil drilling, and construction condominiums. Also known was a major associate for many years in Walmac Farm, a leading American breeding farm in Lexington, Kentucky.