With no heirs to leave it to, this billionaire is pouring his fortune into a Texas ghost town of about 25 people

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fortune
With no heirs to leave it to, this billionaire is pouring his fortune into a Texas ghost town of about 25 peopleWorldPing
Image via Fortune.

What happened

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.

Key facts

  • John Poindexter, the 81-year-old founder of truck-body maker J.B.
  • Reported by Fortune and published Sun, 27 Sep 2026 09:43:00 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. ‘People are standing up and fighting back’: the north Devon revolt against a vast AI datacentre

  2. With no heirs to leave it to, this billionaire is pouring his fortune into a Texas ghost town of about 25 people

Sources

The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fortune

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