McCombs was the namesake of the business school at the University of Texas, Austin and the former owner of the NBA’s San Antonio Spurs.
Long one of the wealthiest men in Texas, McCombs was worth $1.7 billion at the time of his death, according to’ calculations, thanks to a variety of investments, owning dozens of car dealerships in Texas, cofounding the radio empire that later became iHeartMedia and owning the NFL’s Minnesota Vikings and the NBA’s San Antonio Spurs and Denver Nuggets at various points in his life.was peddling peanuts for five cents a bag at the ripe age of 10.
McCombs is perhaps best remembered for the numerous multimillion-dollar donations he made to various institutions throughout Texas, including a $30 million gift to Houston’s MD Anderson to establish an early cancer detection institute named after him. A University of Texas, Austin dropout, McCombs gave $50 million to the school in 1999, the largest gift in the university’s history at the time and establishing the McCombs School of Business.
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