Billionaire with No Heirs Is Rebuilding a Texas Ghost Town

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Houston industrial magnate and Vietnam War veteran John Poindexter found an unexpected use for his multimillion-dollar fortune. Without having

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John Poindekster is a billionaire and founder of JB Poindexter & Co., which manufactures truck bodies. Shafter, formerly the silver capital of Texas, is now a ghost town with only 25 people living in it. His decline began in 1942 due to the deterioration of the ore quality, the depletion of reserves and the flooding of the lower levels of the mine. As a result, the production has been phased out, and most people have gradually left. Now the city…

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In the United States, an 81-year-old billionaire from Houston, who has no wife or descendants, decided to direct part of his fortune to the revival of the small town of Shafter in West Texas.