$1.50 per Acre; now… $7 Billion

🤯 It's always inspiring to read about contrarian or unexpected investments that later prove to be remarkably prescient or… just plain lucky! 🍀

The Fasken Family has MASSIVE 🐳 land and mineral holdings in Texas, and the Bloomberg article below tells the story. Bravo! 👏

Bloomberg: He Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion: The Fasken heirs own land in the heart of the Permian Basin.

Controlling the West

🔎 🗺️ When reviewing maps, particularly in the western United States, you can sometimes just tell that there's a story behind the map.

Why is private tract surrounded by millions of acres of public land?

How does someone buy a ranch that large? How did it get put together?

The NYT and Business Insider article below tell a few of them. Enjoy!

The New York Times: “Who Gets to Control the West: A New group of Billionaires Is Shaking Up the Landscape”

Business Insider: “The 20 Biggest Landowners in America”