Portrait of Toby Neugebauer & family

Rank #2803

Toby Neugebauer & family

Net worth $1.4B

Energy, data centers · United States

Born
Dec 01, 1971
Age
54
Source
Energy, data centers
Residence
Dallas, Texas
Citizenship
United States
Marital status
Married
Children
2
Education
Bachelor of Business Administration, New York University

Net worth over time

Biography

  • Toby Neugebauer is the CEO and cofounder of Fermi America, an Amarillo, Texas-based data center real estate investment trust.
  • Neugebauer launched the firm in January 2025 with former energy secretary and Texas governor Rick Perry and Perry's son Griffin.
  • The cofounders took Fermi public just nine months later on the Nasdaq at a $12.5 billion valuation; Neugebauer and his family own a 29% stake.
  • Fermi is planning to build an 11-gigawatt energy and data center campus on a 5,236-acre site in Amarillo, Texas.
  • Prior to cofounding Fermi, Neugebauer was the CEO and executive chairman of GloriFi, a short-lived "anti-woke" fintech startup that filed for bankruptcy in February 2023.
  • Neugebauer is the son of former Republican congressman Randy Neugebauer, who represented Texas' 19th district from 2003 to 2017.
  • Neugebauer is a part-owner of Major League Soccer's Austin FC.

Financial assets

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