Clarence Scharbauer Jr.

Clarence Scharbauer Jr. (1925–2014) was an American rancher, oilman, banker, horse breeder and philanthropist. He was inducted into the American Quarter Horse Hall of Fame and the Horse Racing Hall of Fame.

Clarence Scharbauer Jr.
BornJuly 6, 1925
Midland, Texas, U.S.
DiedFebruary 21, 2014
Midland, Texas, U.S.
Alma materTexas A&M University (did not graduate)
OccupationRancher, oilman, banker, horsebreeder
Net worthUS$250 million (1989)[1]
Spouse(s)Dorothy Turner
Children3 sons, 1 daughter
Parent(s)Clarence Scharbauer
Ruth Cowden
RelativesJohn Scharbauer (paternal great-uncle)

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 350,000-acre ranches, including Valor Farm in Pilot Point, Texas,[2], which cumulatively has "produced more than one billion barrels of oil"[5], and oil investments.[1][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[6] 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.[7] 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][8] 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 2018–2019.[9]

gollark: Or is that what they wanted us to think?
gollark: Wait, evidence of citronic™ `def entry(x): return sorted(x)`?!
gollark: Seriously?
gollark: `def entry(x): return sorted(x)` is stupid when you can just something-reduce it into `entry = sorted`.
gollark: Sonata === secret lisp genius CONFIRMED?

References
  1. "Clarence Scharbauer Jr". Texas Monthly. August 1989. p. 134. Retrieved January 4, 2016.
  2. "Clarence Scharbauer Jr., Noted Rancher, Horseman, Philanthropist Dies at 88". KWES-TV. February 22, 2014. Retrieved January 4, 2016.
  3. Todd, Ed (February 23, 2014). "Visionary Dies: Clarence Scharbauer Jr., legend dies at 88". Midland Reporter-Telegram. Retrieved January 2, 2016.
  4. 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.
  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.
  6. "Clarence Scharbauer Jr". American Quarter Horse Association. Retrieved June 24, 2018.
  7. Christian McPhate. "Fading breed". Denton Record-Chronicle. Denton, Texas. Archived from the original on 7 April 2016. Retrieved 3 January 2015.
  8. "Texas Owner Clarence Scharbauer Jr. Dies". The Blood-Horse. February 23, 2014. Retrieved January 4, 2016.
  9. "TCU Board of Trustees". Texas Christian University. Retrieved January 4, 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.