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That’s Life Perot Systems, launched as and EDS competitor in 1988, recently clinched $1 billion in contracts: “Right now this is a good business, but you couldn’t ride it forever.” Abandoned independent presidential campaign in July. The $400 million the Basses invested in Disney in 1984 is now worth more than $3 billion. • Robert Lee Moody Galveston • Inheritance (Insurance) • 57 $600 million, UP $40 million from 1991. Assets As the chairman of Moody National Bank, Robert presides over American National Insurance, the core of the Moody family fortune, founded in 1905 by his grandfather W. “Bobby works twenty-four hours a day; he’s always thinking work,” says a friend.
He made his first billion (give or take a few hundred million) by taking Electronic Data Systems, the company he founded, public in 1968; his second billion by selling out to General Motors for cash and stock in 1984; his third billion, following a nasty spat with GM, when he sold the stock back to the company. left most of his estate to a foundation; in 1979, Robert Moody gained control by buying the foundation’s 51 percent of Moody National Bank.Plans to keep hand in hotel business “until I get kicked out, I guess.” • George Phydias Mitchell Houston • Oil and Gas • 73 $520 million, DOWN $90 million from 1991.Shrinking exploration and production leads to office closings and pushes Mitchell Energy and Development stock down.That’s Life Valhi stock—worth $1.7 billion in 1990—hasn’t recovered from Simmons’ failed 1991 Lockheed takeover attempt. That’s Life Works twelve-hour days operating the neglected centers he buys, then renovates. Hassie, long plagued by mental problems, lives outside Dallas; spends time walking and following sports statistics.Disgruntled stockholder in Maxxam, controlled by Charles Hurwitz; now suing company for financial mismanagement. Caroline’s Rosewood Hotels manages lavish properties, also owns Dallas’ Mansion on Turtle Creek and Crescent Court.Assets Compu Add, a personal computer manufacturer recently reorganized by Hayden into three separate companies to speed up market response: “It was more fun when it was small.” That’s Life Bought PCs from Michael Dell’s dorm-room computer store while Dell bought peripherals from Hayden’s Chevette trunk: “We became competitors, and that was the last time we talked.
It was about 1984.” Workaholic; runs to relieve stress; teaches Sunday school.
Over-building nationwide forced Crow to concentrate on property management instead of development. • Billy Harris Hayden Austin • Compu Add • 45 $400 million, DOWN $60 million from 1991.
Sluggish personal computer sales and new competitors take their toll.
That’s Life Changed Dallas’ retail face with the Market Center.
The Apparel Mart is now threatened by rent dispute that could cause tenant exodus.
That’s Life Respected for business acumen and bird-hunting prowess.