Former Denver Nuggets, San Antonio Spurs Owner, And Texas Billionaire Red McCombs, Dies At 95

Updated On March 18, 2024 | Published By: Bruce Wayne | In Death

Source: The Texas Tribune

Billionaire businessman Red McCombs passed away at his home in San Antonio on February 19, 2023, at the age of 95.
The businessman previously owned the San Antonio Force, San Antonio Spurs, Denver Nuggets, and Minnesota Vikings.

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Red McCombs dies aged 95 at his own home

Red McCombs, known best for once owning NBA teams San Antonio Spurs and Denver Nuggets, and also the NFL team Minnesota Vikings, has passed away at the age of 95.

His family announced that the philanthropist and businessman died at his own home in San Antonio on February 20, 2023. The statement read:

“The entire McCombs family is heartbroken to announce that our father, grandfather, and great-grandfather, Red McCombs, passed away on Sunday, February 19, 2023. As he breathed peacefully at home for the last time, he was surrounded by a family that loved and adored him. “

It continued:

“Red was a visionary entrepreneur who touched many lives and impacted our community in immeasurable ways. But to us, he was always, first and foremost, ‘Dad’ or ‘Poppop’. We mourn the loss of a Texas icon.”

He is survived by his three daughters, Lynda McCombs, Marsha Shields, and Connie McNab, and his eight grandchildren and 11 great-grandchildren. Charline, his wife, died in December 2019.

The cause of death has not been revealed as of now.

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Tributes poured in for the billionaire

Hall of Famer and Spurs legend George “The Iceman” Gervin spoke with the Houston Chronicle about his impact:

“I can say Red [was] a friend. The impact he had on this city is unbelievable. We always say, ‘Everything Red touches turns to gold.’ It’s a reality. His vision for this city, his vision for the Spurs.”

NBA commissioner Adam Silver also released a statement after his passing:.

“Red McCombs brought the Spurs to San Antonio and was a driving force in creating the modern NBA. He was an innovator and savvy entrepreneur who never shied away from taking risks.”

He added:

“We mourn Red’s passing and send our heartfelt condolences to his family and friends and the Spurs organization.”

Former Texas coach Mack Brown also released a tribute:

“Saddened to hear that Red McCombs has passed away. He was a giant of a man and a dear friend. My life is so much better for having known him and he will definitely be missed. Sending our thoughts and prayers to his family and friends.”

What was the Net Worth of Red McCombs?

Red McCombs had an estimated net worth of around $1.7 billion at the time of his death according to Forbes. He was one of the wealthiest men in Texas for a long time.

Red McCombs when he owned Spurs — McCombs when he owned Spurs (Source: MySA)

He had investments in several companies, owned dozens of car dealerships in Texas, cofounded the radio empire that later became iHeartMedia, and also owned the NFL’s Minnesota Vikings and the NBA’s San Antonio Spurs and Denver Nuggets at some points in his life.

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