Gary Magness is the Chairman of the Magness Investment Group LLC headquartered in Denver, Colorado. The Magness Investment Group is a private holding company that manages Gary’s diverse investment portfolio and oversees numerous operating businesses.
Gary Magness was born in Texas, the second son of Bob and Betsy Magness who were cattle ranchers at the time. But in 1956 they sold their cattle and started their first cable system. Bob climbed poles to string the wires and Betsy ran the operation out of their kitchen. Bob and Betsy felt that Montana was a great place to start a new cable company and to raise their two young boys so they moved to Bozeman, Montana in the late 1950’s. Bozeman is the gateway to Yellowstone National Park and the family spent many summer vacations camping and fishing there. They lived in Montana until 1966 when the success of their business required that they move to Denver Colorado.
Gary grew up alongside the cable business. His first job required him to build microwave towers and string coaxial cable in Montana, Wyoming and Utah. In 1968, the Texas and Montana cable systems were merged into Tele-Communications, Inc. (TCI) and its subsidiary Liberty Media Corporation. Two years later the company went public and grew to be one of the largest telecommunication companies in the world. Over the years TCI merged with AT&T and spun out Liberty Media Corporation as its programming arm. Liberty Media has since split into several different companies including DirecTV. Gary Magness remains a significant stockholder in the cable industry.
Gary Magness pursued an agribusiness degree in college and then followed in the family footsteps to become a cattle rancher. Gary was a hands-on ranch manager who initially raised registered Hereford cattle. In 1981, he made a decision to phase out Herefords in favor of Limousin cattle. Along the way the business evolved from a small commercial operation to a highly scientific business utilizing embryo transfer technology to produce purebred cattle that thrive in any environment. His company, Magness Land & Cattle, is a premier Limousin ranching operation headquartered in Platteville, Colorado which has consistently produced outstanding Limousin Grand Champions over the years.
Gary’s passion for the cattle industry is rivaled by his love of cars. An amateur car collector for years, Gary Magness has enjoyed acquiring numerous unique vintage cars including many Shelby Mustangs. After his collection topped forty cars he decided to open a classic car dealership. He has an eclectic inventory of classic cars for sale at his Denver Colorado dealership Mango Motors, LLC.
Gary Magness and his wife Sarah Siegel-Magness are co-founders of Smokewood Entertainment. Gary and Sarah’s credits include producing the six-time Oscar nominated film “Precious: Based on the Novel Push by Sapphire”. Upcoming projects include a motion picture based on Megan McDonald’s Judy Moody young adult book series and a documentary following an indigenous Brazilian tribe in its effort to become self-sufficient. Smokewood Entertainment will continue to produce films with positive messages for diverse audiences.
Another Magness company, Fortrust is a world-class high-availability data services provider, progressively designed and precisely managed to preserve business continuity for its customers. Fortrust provides adaptable collocation space for any size enterprise supported by optimal power infrastructure, connectively and physical security as well as a comprehensive suite of managed services to safeguard mission critical business services.
Gary Magness is also the team leader of Mango Racing. Gary and his team travel to races several times per year, primarily racing in Mexico and Las Vegas. The most famous of these races is the Baja 1000, the most demanding off-road race in the world. Gary’s team races Pro-Trucks, an Ivan “Ironman” Stewart created race vehicle. He is the head driver of Truck 250 and also sponsors pit crews for the other Mango Racing trucks. All prize money goes back to local villages in Mexico.
Gary and Sarah and their children live in Denver, Colorado. They sponsor a number of philanthropic causes including the Food Bank of the Rockies and the Fresh Air Fund through their family foundation.
© 2010 Gary Magness