{
  "id": 10443381,
  "title": "US billionaire bets fortune on Texas ghost town",
  "url": "https://urgent.news/2026/09/28/us-billionaire-bets-fortune-on-texas-ghost-town",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T12:07:26.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/international/global-trends/us-news-81-year-old-billionaire-john-poindexter-with-no-wife-or-children-plans-to-spend-his-fortune-reviving-a-texas-ghost-town-with-just-25-residents/articleshow/134541891.cms"
  },
  "original_language": "en",
  "account": "John Poindexter, an 81-year-old billionaire with no family of his own, is dedicating his entire fortune to revitalize Shafter, a ghost town in West Texas. The town, which had just 25 residents in 2025, once thrived as a silver-mining hub from 1883 to 1942. Poindexter, a former UPS truck body manufacturer and private equity investor, plans to transform the town into a resort and living history museum, featuring restored buildings like a saloon, general store, and post office. The foundation he controls will eventually own all his properties, including the 30,000-acre Cibolo Creek Ranch where Supreme Court Justice Antonin Scalia died in 2016.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "With no heirs to leave it to, this billionaire is pouring his fortune into a Texas ghost town of about 25 people",
        "url": "https://urgent.news/2026/09/27/with-no-heirs-to-leave-it-to-this-billionaire-is-pouring-his-fortune",
        "published": "2026-09-27T09:43:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}