Thursday, 8 February 2007

#645 Billy Joe "Red" McCombs (Investments)



Name: Billy Joe (Red) McCombs
Fortune: Self Made (Radio, Oil, Real Estate)
Net Worth: 1.2 Billion
Industry: Investments
Billionaire World Rank: #645

Book:
The Red Zone: Cars, Cows and Coaches : The Life and Good Times of a Texas Dealmaker

Amazon.com Rate:
Price: $16.47 - Buy Now At Amazon.com

From Forbes:
"Game over for Red. This summer sold pro football's Minnesota Vikings to investment group led by real estate developer Zygi Wilf for $600 million, pocketed $354 million profit. Now investing in oil, real estate. Law school dropout got start selling cars, joined Lowry Mays (see) to found radio station giant Clear Channel Communications in 1972. Owns undeveloped land throughout Texas; apartment projects, industrial parks, office buildings in Houston, Austin. Still holds 4.8 million Clear Channel shares worth $160 million."

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