How did Rick Perry get rich? No, he didn’t buy into a major league baseball team and resell his portion for mega-dollars. The FrumForum explains one property deal that is like many of his property deals:
Look at this transaction from the 2000s. A Texas real estate developer sells land to a Texas state senator – the senator who happened to represent the development’s district. The state senator sold the land to Gov. Perry. Gov. Perry then sold then land – back to the real estate developer’s business partner. Perry scored a profit of $823,000. Tidy. And how remarkable that Perry and his state senator friend could see a value proposition that the two professional real estate developers overlooked.
So it goes through investments in stock, load, and energy properties. Perry just kept seeing things that other people apparently didn’t.
Is he that shrewd? Or is he that lucky? Or could it be something else?