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Red is from Spur, Texas which is about 70 miles from Lubbock.  Even at an young age he was an entrepreneur  selling peanuts to Mexican farm workers, washing  dishes after school, delivering newspapers early in the morning. His  drive to succeed was intense.  “Nobody knew what an entrepreneur was in the 1930’s and 1940’s, but I was one,” he says. “All I knew is that I wanted to have enough money to buy Arrow shirts.”

http://www.cah.utexas.edu/publications/big_red.php

Billy Joe McCombs, known as Red McCombs is  listed in the Forbes magazine as one of the  top 400 wealthiest Americans.  He is not only a successful businessman but Philanthropist who has supported many worth causes.  

Red spent some time at Southwestern University in Georgetown, the military, and at UT Austin law school. While he did not graduate from Texas, he did graduate from the school of  “life lessons”  to become one of the richest men in the world.

Red quickly learned how to convert a business opportunity into a profitable business enterprise. 

 

 

 His formula included:

  •     Finding a business niche;
  •   Writing down day-to-day goals;
  •   Staying personally involved;
  •   Paying attention to detail; and 
  •   Investing only in a business's  that stirred his passions.

 

Red Mccombs business enterprises include (some have now been sold)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Denver Nuggets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                             

 

 

 

 

 

 

 

He has shared his success with the University of Texas

 

In the largest single donation in the 117-year history of The University of Texas at Austin, San Antonio businessman Red McCombs gave  a $50 million cash gift to the University's business school. 

 

For more information on McCombs and his donation, please visit the Website www.mccombs.utexas.edu/news/mccombs/

 

Red McCombs  contributions to Longhorn traditions represents  a portal to the past that reminds Longhorn fans that heritage shapes the present and empowers the future.