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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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Landing Soon

New air taxi network to land at major Dallas-Fort Worth airports in 2027

michael.damante
Oct 30, 2026 | 2:31 pm
Archer Air Taxis
Courtesy photo
Archer will launch air taxi networks across Texas in 2027.

California-based aerospace company Archer Aviation is bringing its air-taxi system to the “Texas triangle” of Dallas-Fort Worth, Houston, and Austin in 2027.

The zero-emission electric air taxi networks will use Archer’s Midnight air taxi to “turn 60- to 90-minute drives to major airports, business districts and major destinations into 10- to 20-minute flights,” the company said in a news release. Archer plans to begin flights in the Texas triangle next year.

The Midnight air taxi is an all-electric vertical takeoff and landing (eVTOL) aircraft. It can carry four passengers and a pilot and is designed for consecutive flights of about 20 miles.

Archer cites the Texas triangle as one of the busiest and fastest-growing “megaregions” in the country, due to its proximity to coastal regions, major airports, and a number of business districts.

“Texas is setting the bar for America’s leadership in the next generation of aviation,” Adam Goldstein, founder and CEO of Archer Aviation, said in the release. “Our planned networks will make the benefits of electric air taxis real for Texans — trading hours in traffic for minutes in the air, while connecting the biggest airports, business districts and sporting hubs in ways that America’s largest megaregion needs to grow.”

Archer Chief Commercial Officer Nikhil Goel described the air taxi experience to CW Houston as “100 times quieter than a helicopter for the price of an Uber Black.” He added that the air taxis are a combination of a helicopter, a small airplane, and a drone.

The Dallas-Fort Worth network is slated to include Dallas-Fort Worth International Airport, Dallas Love Field, Addison Airport, Arlington Municipal Airport, Fort Worth Meacham International Airport, and Perot Field Fort Worth Alliance Airport, plus major business hubs like Frisco Station.

In Houston, Archer’s air taxi network will aim to connect George Bush Intercontinental, William P. Hobby, and Sugar Land Regional Airport with downtown destinations and Galveston.

In Austin, it plans to link Austin-Bergstrom International Airport and Austin Executive Airport with the F1 Circuit Helipad at the Circuit of the Americas. Archer debuted its Midnight aircraft at the F1 Prix in the Fan Zone and the F1 Paddock at COTA.

Archer is working with state and local partners to develop charging infrastructure and plans to pursue Texas operations through the White House’s eVTOL Integration Pilot Program. It recently completed its "No Roads" flight tour, which included multiple flights over the San Francisco Bay, and flew to seven cities over three days.

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This article originally appeared on our sister site, InnovationMap.com.

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