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    Rich company

    Mark Cuban among 4 Dallas-Fort Worth tycoons inducted into Texas Business Hall of Fame

    John Egan
    Nov 9, 2021 | 4:09 pm
    Mark Cuban
    Mark Cuban's been making things happen his whole life.
    Photo courtesy of Dallas Mavericks

    Mark Cuban can add another trophy to his case. He and three other Dallas-Fort Worth business tycoons — John Goff, Morton Meyerson, and Randall Stephenson — were inducted into the Texas Business Hall of Fame recently, honored during a dinner at the Hilton Anatole in Dallas.

    Also inducted were Austin billionaire John Paul DeJoria, who built his fortune through hair care products and high-end tequila, and Houston investment manager Gerald Smith.

    A little more about the new hall of famers:

    Dallas billionaire Mark Cuban, of course, is owner of the NBA’s Dallas Mavericks, as well as chairman and CEO of AXS TV and one of the investors on ABC’s Shark Tank.

    "Since the age of 12, Mark has been a natural businessman. Selling garbage bags door to door, the seed was planted early on for what would eventually become long-term success," his hall of fame bio says.

    His latest initiative is Mark Cuban Cost Plus Drug Company, a new venture designed to disrupt big pharma and keep the cost of prescription drugs down.

    Dallas private investor Morton Meyerson — recognized most notably as the namesake of the Meyerson Symphony Center — is former chairman and CEO of Plano-based EDS and former chief technology officer at GM. He is currently chair of 2M Companies, a family office he established in 1983, and of The Morton H. Meyerson Family Foundation.

    Fort Worth private investor John Goff was co-founder, vice chairman, and CEO of Crescent Real Estate, which Morgan Stanley bought in 2007 for $6.5 billion. Two years later, he bought back the company in partnership with Barclays Capital. Today, Goff is chairman of Crescent Real Estate as well as Houston-based Contango Oil & Gas. He owns The Ritz-Carlton hotel in Dallas and Fort Worth-based spa company Canyon Ranch.

    Dallas executive Randall Stephenson is former chairman and CEO of Dallas-based tech, media, and telecom giant AT&T.

    "As Chairman and CEO, Randall led AT&T’s transformation aligned with two major trends: First, that consumers will continue to spend more time viewing premium content where they want, when they want and how they want. And second, that businesses and consumers alike will continue to demand more connectivity, bandwidth, mobility and software-based entertainment," his hall of fame bio says.

    Houston investment manager Gerald Smith is chairman and CEO of Smith Graham & Co., an investment management firm. He’s also a board member of New York Life Insurance and the Federal Reserve Bank of Dallas, and chairman of the Texas Southern University Foundation.

    Austin hair care guru John Paul DeJoria and hairstylist Paul Mitchell, in 1980, transformed a partially borrowed $700 into Beverly Hills, California-based John Paul Mitchell Systems, which today sells the largest privately owned line of salon hair care products. In 1989, DeJoria co-founded Patrón, the first ultra-premium tequila. Patrón, now the world’s No. 1 ultra-premium tequila, was sold to Bacardi in 2018 for $5.1 billion.

    “John Paul DeJoria’s rags-to-riches biography exemplifies the American dream. Once homeless, he has struggled against the odds to achieve success, launching multiple global enterprises while always supporting his motto, ‘Success unshared is failure,’” his bio says.

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    Welcome to Texas

    Texas remains No. 1 draw for movers despite slowing migration

    John Egan, InnovationMap
    Apr 17, 2026 | 8:55 am
    Welcome to Texas sign
    Welcome to Texas sign
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    Texas continues to be the country’s No. 1 magnet for newcomers from other states, giving a boost to the state’s economy. However, Texas’ appeal weakened in 2024 compared with the previous year, due in large part to spiking home prices.

    An analysis of U.S. Census Bureau data by self-storage platform StorageCafe shows Texas saw net interstate migration of 76,000 people in 2024. Texas’ net interstate migration dropped nearly 50 percent from 2023, according to the analysis. Net migration refers to the number of incoming residents minus the number of outgoing residents.

    California remained the top source of newcomers for Texas, sending nearly 77,000 residents to the Lone Star State in 2024, the analysis says. Florida ranked second, followed by New York, Colorado and Illinois.

    “These trends reveal Texas’ continued pull from both high-cost coastal markets and other large Sun Belt states, resulting in a mix of affordability-driven and job-driven relocation,” StorageCafe says.

    Putting a damper on the influx of new residents: a roughly 124 percent surge in Texas home prices over the past decade, according to StorageCafe.

    “While the state remains significantly more affordable than California, its top feeder state, the once-wide pricing gap has narrowed,” says StorageCafe. “For many movers, Texas is still a relative bargain, but no longer an undisputed one.”

    Nonetheless, Texas keeps attracting young, highly educated people, which bodes well for the state’s long-term economic outlook, StorageCafe says. More than half of new arrivals to Texas in 2024 held at least a bachelor’s degree, and the age of newcomers averaged 32.

    Where are most of these young, highly educated newcomers settling?

    Lloyd Potter, former Texas state demographer, tells StorageCafe that population growth in Texas is happening most rapidly in suburban “ring counties” at the expense of slowing growth in urban cores. Ring counties are on the outskirts of major metro areas.

    “Many people are moving from urban cores to suburban rings seeking lower costs, newer housing, better schools, and more space,” Potter says. “Typically, a move to a suburban county will be within commuting or hybrid‑commuting distance of major metro economies.”

    ---

    This story originally appeared on our sister site, InnovationMap.

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