# @forbes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DPT9rTJlc4U
- **Gondola URL:** https://gondola.cc/posts/35158801-forbes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/fa0455f08d.jpg
- **Posted:** 2025-10-02T15:30:15.000+00:00
- **Account Owner:** Forbes (@Forbes) — https://gondola.cc/Forbes

## Caption

Plenty 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.⁣
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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 secretary and Texas governor Rick Perry, went public on the #Nasdaq. The stock opened at $21 and closed 55% higher at $32.53 per share, valuing the nine-month-old firm at $19 billion, despite the fact that it has yet to generate any sales.⁣
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Read more at the link in our bio. (Photo: Bloomberg)

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## Tags

billionaires, nasdaq, fermi

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