Bob McNair Net Worth

February 1, 2023
1 min read

Robert C. McNair was born in 1937, in Tampa, Florida, USA; the exact date of his birth is unknown in the media. He is a businessman, who is probably best recognized for being the owner of the National Football League (NFL) team – the Houston Texans. He is also known as the Chairman and CEO of the McNair Group. His career has been active since the 1960s.

So, have you ever wondered how rich Bob McNair is? It has been estimated by authoritative sources that Bob counts the overall size of his net worth at the impressive amount of $3.3 billion, as of mid- 2016. He has been accumulating this amount of money through his successful involvement in the sports and other businesses.

Bob McNair Net Worth $3.3 Billion

Bob McNair spent his childhood in Forest City, North Carolina, growing up in a middle class family. Upon matriculation from high school, he enrolled at the University of South Carolina in Columbia, where he was a member of the Sigma Chi Fraternity. He graduated from the college with a Bachelor of Science degree in Psychology in 1959.

McNair’s career began in 1960, when he founded the company Cogen Technologies, which is essentially a cogeneration. Little by little, his influence in the business industry began to grow, and so has his net worth, as his company developed further. However, in 1999 he decided to sell his company, and it was purchased by Eron and CalPERS, but McNair retained possession of the power plants in New York and West Virginia.

To speak further of his accomplishments, he owns the McNair Group, a real estate firm which also deal with financials, and he also owns the Palmetto Partners, Ltd. In 2000, he started the biotechnology investment firm, Cogene Biotech Ventures. All of these business ventures have contributed a lot to the overall size of his net worth.

McNair also dabbled in sports, as he is the owner of the Houston Texans; in 1998 he founded the Houston NFL Holdings, and the following year, the Houston Texans were created as the 32nd franchise of the NFL and owned by McNair, which has also increased his net worth.

McNair also serves on the board of several institutions, including Baylor College of Medicine, Rice University, Museum of Fine Arts, Houston Grand Opera, among others; he has also received the Anti-Defamation League’s Torch of Liberty Award. He gave $1 million for the completion of McNair Field, which is the home court of the Forest City Owls. In 1999, he was given an honorary doctor of humane letters degree from the University of South Carolina, as a thanks for his contribution to the University, starting a McNair scholarship program.

If to talk about his personal life, Bob McNair is married to Janice McNair, with whom he has four children; their current residence is in Houston, Texas. Bob is also known for his charity work, as in 1989 he and his wife established the Robert and Janice McNair Educational Foundation, which helps young people to attend college.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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