Billy Joe (Red) McCombs’s profile picture

Billy Joe (Red) McCombs

Billy Joe (Red) McCombs’s profile picture
Net worth 2018: $1.58 Billion
Industry: Media
Residence: San Antonio, Texas
Country: United States
Children: 3
Education: Drop Out, The University of Texas at Austin
BIOGRAPHY

Billy Joe (Red) McCombs was born in San Antonio, Texas, United States. Billy Joe (Red) McCombs is #1480 in List Billionaires People In The World. Red McCombs got his start selling Ford Edsels, built up a network of Texas auto dealerships, then diversified. He liked radio stations (good for airing car commercials) enough to co-found what became Clear Channel Communications. Always a sports fan, over the years he has bought and sold the Minnesota Vikings, the Denver Nuggets and the San Antonio Spurs. Today most of his net worth is in real estate and energy investments, though he still has a few dealerships and has been vocal in opposing efforts by Tesla Motors to sell directly to customers in Texas. The state's franchise dealer law, McCombs is reported as saying, is "as sacred as Paul's letter to the Corinthians." He's a big investor in Constellis, the security company formerly known as Blackwater.

NET WORTH STATISTIC
2009

$1.3 Billion

2010

$1.3 Billion

2011

$1.4 Billion

2012

$1.3 Billion

2013

$1.3 Billion

2014

$2 Billion

2015

$1.8 Billion

2016

$1.4 Billion

2017

$1.6 Billion

2018

$1.58 Billion

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