Billionaires love to build societies in their image
The Future. Elon Musk is generating headlines for his plan to build a company town in Texas that will act as a playground for Tesla, SpaceX, and The Boring Company. While that seems bold, he’s not the first person to do it… which shows that there may be a potential for billionaires to carve out communities across America if they have enough resources, willingness, and filled-out paperwork.
Billionaires certainly have a knack for buying the life they want.
- Recently, Elon Musk said that he planned to build a town east of Austin, Texas. It would provide affordable housing for his employees and give a lot of control over how the land is used — a problem he ran into in Bolsa Chica.
- Les Wexner, the founder of Victoria’s Secret, developed New Albany, Ohio, into one of the most luxurious towns in the world — he turned a purchased 10,000 acres into a home for 11,000 residents with a median household income of $200,000.
- Larry Ellison, the founder of Oracle, bought 98% of the Hawaiian island of Lanai, which has a population of about 3,000. He’s gone ahead and started renovating all the hotels on the island but has kept most of his plans close to the chest.
But back to Texas — Musk’s plan to build his town will probably be a much easier challenge than his complicated control of Twitter. To incorporate a new city in the state, all anyone needs is “at least 201 residents living within two square miles to petition a county judge for an election,” according to Bloomberg.
Heck, maybe you don’t need billions to do that.