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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

Summary by BizToc
The $124 trillion Great Wealth Transfer is underway, and baby boomers are passing down their fortunes to their heirs. But what happens when an ultrawealthy person has no descendants? In the case of 81-year-old billionaire John Poindexter, he’s getting creative and funneling some of his wealth…

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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.

·New York, United States
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BizToc broke the news on Sunday, September 27, 2026.
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