B.J. “Red” McCombs, a San Antonio billionaire who began his career as a car salesman and built a media, oil, and professional sports empire, passed away at home at age 95.
McCombs, who was born in 1927 in Spur, east of Lubbock, at one point owned 50 car dealerships under the name Red McCombs Automotive Group. He founded Clear Channel Communications with Lowry Mays in 1972 and brought the Spurs to San Antonio in 1973.
McCombs formerly owned the NBA’s Denver Nuggets, the NFL’s Minnesota Vikings, and the Spurs’ professional basketball franchise twice. iHeartMedia, formerly known as Clear Channel Communications, is still based in San Antonio.
Red McCombs cause of death: How did Red McCombs die?
Red McComb’s cause of death has not been disclosed. According to his family and relatives, they mentioned he died peacefully at home.
Furthermore well-known for his charity, McCombs. After a $50 million contribution in 2000, the University of Texas at Austin dedicated its business school in his honor.
Both the school’s softball stadium and the north end zone at Darrell K. Royal-Texas Memorial Stadium bear McCombs’ name. McCombs donated $30 million to the MD Anderson Cancer Center in Houston in 2005 through his foundation. He also provided the Texas Tribune with contributions.
The university’s president, Jay Hartzell, said in a statement that “his entrepreneurial energy, passion to win, and dedication to greatness are echoed across the Forty Acres, from the business school that bears his name to our athletics and student success initiatives.”
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