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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Real EstateMark Cuban

Mark Cuban just bought an entire city in Texas

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
December 2, 2021, 9:54 AM ET
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Mark Cuban could soon be living out the plot of Schitt’s Creek.

The entrepreneur, Dallas Mavericks owner, cryptocurrency enthusiast, reality TV star, would-be politician, and social media provocateur has purchased the entire town of Mustang, Texas, for an undisclosed amount.

Mustang (population 23) has been for sale since 2017, originally with an asking price of $4 million. It eventually dropped to $2 million but still couldn’t find a buyer. Cuban, according to deed records, bought it via a company he controls and tells the Dallas Morning News, “I don’t know what, if anything, I will do with it.”

Mustang is located about an hour south of Dallas in Navarro County, right off Interstate 45. At 77 acres, it’s not exactly a booming town. It was founded in 1973, acting as an oasis for alcohol when most of the county prohibited liquor sales.

By the 1990s, though, Navarro County changed its liquor laws, and Mustang lost its status as the only place in the 1,086-square-mile county to get a beer.

Most recently, there were just two businesses in the town, reports the Morning News: a trailer park and a strip club, which is reportedly in poor shape. It’s unclear if either is still operating.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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