Billionaire John Poindexter to Develop Texas Ghost Town
John Poindexter, the 81-year-old founder of J.B. Poindexter & Co., is investing his fortune to transform the small Texas town of Shafter into a living history museum.
First reported 1 day ago · latest update 3 hours ago
The $124 trillion Great Wealth Transfer is underway, and baby boomers are passing down their fortunes to their heirs.
Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.
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With no heirs to leave it to, this billionaire is pouring his fortune into a Texas ghost town of about 25 people
John Poindexter, the 81-year-old founder of truck-body maker J.B. Poindexter & Co., wants to turn Shafter, Texas, into a living history museum.
1 day ago · Sydney Lake