Workflow
IPO Backed By Former Texas Governor, Energy Secretary Mints Three Billionaires
U.S. Energy U.S. Energy (US:USEG) Forbes·2025-10-02 08:41

Toby Neugebauer, chief executive officer of Fermi Inc., before ringing the closing bell during the company's Oct. 1 IPO.Victor J. Blue/BloombergPlenty of billionaires have been created by the artificial intelligence and data center booms—and now, the real estate underneath the data centers is generating ten-figure fortunes, too.At least three new billionaires joined the three-comma club on Wednesday after Fermi America, an Amarillo, Texas-based real estate investment trust cofounded by former energy secreta ...