How rich is Bob McNair?
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The McNairs have been residents of Houston, Texas since 1960. He founded the co-generation business Cogen Technologies, that was sold in 1999 to Enron and CalPERS. Now, McNair keeps possession of power plants in NY and West Virginia. McNair now serves as Chairman and Chief Executive Officer of The McNair Group, a financial and real estate company which is headquartered in Houston, Texas. In June 2000, McNair formed a biotechnology investment firm, Cogene Biotech Ventures, where he serves as company chairman. Bob continues to be rumored to be considering investing in a soccer club in Britain, and has twice been to see St Andrews, home of Tournament team, the Birmingham City who’ve been up for sale for the last two years. On January 3rd 2014 a consortium headed by McNair made a bid to buy Reading F.C. of the Tournament.