Clarence Scharbauer, Jr.
| Clarence Scharbauer, Jr. | |
|---|---|
| Born |
July 6, 1925 Midland, Texas, U.S. |
| Died |
February 21, 2014 Midland, Texas, U.S. |
| Alma mater | Texas A&M University (did not graduate) |
| Occupation | Rancher, oilman, banker, horsebreeder |
| Net worth | US$250 million (1989)[1] |
| Spouse(s) | Dorothy Turner |
| Children | 3 sons, 1 daughter |
| Parent(s) |
Clarence Scharbauer Ruth Cowden |
| Relatives | John Scharbauer (paternal great-uncle) |
Clarence Scharbauer, Jr. (1925-2014) was an American rancher, oilman, banker, horse breeder and philanthropist.
Early life
Clarence Scharbauer, Jr. was born on July 6, 1925 in Midland, Texas.[2][3] His father, Clarence Scharbauer, Sr., was a rancher.[3] His paternal great-uncle was a large rancher from New York.[4] His paternal great-great-grandfather was an immigrant from Germany.[4]
Scharbauer attended Texas A&M University for one semester,[5] until he dropped out in 1942 when his father was diagnosed with cancer.[1] During World War II, he served in the United States Navy.[3][5]
Career
Scharbauer inherited his father's 350-acre ranches and oil investments.[1][5] One of his ranches, Valor Farm in Pilot Point, Texas,[2] "produced more than one billion barrels of oil."[5] He was the recipient of the Golden Spur award for ranching.[2][3]
Scharbauer served as the chairman of the First National Bank of Midland, but the bank failed.[5]
Scharbauer was a horse breeder. He was the owner of the Kentucky Derby winner Alysheba.[1] Another horse he owned, Fiftyshadesofgold, won the Texas Stallion Stakes at the Sam Houston Race Park on February 15, 2014.[3] He was inducted into the American Quarter Horse Hall of Fame and the Horse Racing Hall of Fame.[2][3] He was the recipient of the lifetime achievement award from the Texas Thoroughbred Association in 2007.[2]
Philanthropy
Scharbauer made charitable contributions to Midland College (where the Scharbauer Student Center is named in his honor) and the Midland Memorial Hospital (where the Dorothy and Clarence Scharbauer Jr. Patient Tower is named after he and his wife).[2][3] Additionally, the Scharbauer Sports Complex was named after him after another donation he made.[2][3] Scharbauer was also the founder of the Scharbauer Foundation, a philanthropic foundation.[2]
Personal life
Scharbauer married to Dorothy Turner,[2][3] whose father, Fred Turner, Jr., won the 1959 Kentucky Derby with a horse named Tomy Lee.[6] The couple had four children: sons Clarence Scharbauer III, Douglas, and Chris, and daughter Pamela.[2] He was widowed in 2005.[2]
Death and legacy
Scharbauer died on February 21, 2014 of complications following emergency surgery.[2][7] He was eighty-eight years old.[2][3]
One of Scharbauer's sons, Clarence Scharbauer III, serves as the Chairman of the Board of Trustees of Texas Christian University as of 2015-2016.[8]
References
- 1 2 3 4 "Clarence Scharbauer, Jr.". Texas Monthly. August 1989. p. 134. Retrieved January 4, 2016.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 "Clarence Scharbauer, Jr., Noted Rancher, Horseman, Philanthropist Dies at 88". KWES-TV. February 22, 2014. Retrieved January 4, 2016.
- 1 2 3 4 5 6 7 8 9 10 Todd, Ed (February 23, 2014). "Visionary Dies: Clarence Scharbauer Jr., legend dies at 88". Midland Reporter-Telegram. Retrieved January 2, 2016.
- 1 2 Murrah, David J. (2001). Oil, Taxes, and Cats: A History of the Devitt Family and the Mallet Ranch. Lubbock, Texas: Texas Tech University Press. p. 7. ISBN 9780896723320. OCLC 29360732. Retrieved January 4, 2016.
- 1 2 3 4 5 Sowers, Richard (2014). The Kentucky Derby, Preakness and Belmont Stakes: A Comprehensive History. Jefferson, North Carolina: McFarland & Company. p. 262. ISBN 9780786476985. OCLC 849205047. Retrieved January 4, 2016.
- ↑ Christian McPhate. "Fading breed". Denton Record-Chronicle. Denton, Texas. Retrieved 3 January 2015.
- ↑ "Texas Owner Clarence Scharbauer Jr. Dies". The Blood-Horse. February 23, 2014. Retrieved January 4, 2016.
- ↑ "TCU Board of Trustees". Texas Christian University. Retrieved January 4, 2016.