Here's your Forbes Daily Briefing for Friday, October 3rd.

Today on Forbes, former Energy Secretary's startup mince three billionaires despite no revenues.

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

10-figure fortunes, too. At least three new billionaires joined the three-coma club on Wednesday,

after Fermi America, an Amarillo, Texas-based real estate investment trust, co-founded by

former energy secretary and former 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 is yet to generate any sales.

The biggest winner is Toby Nagabower, who is 54 years old, the firm's president and CEO,

and one of three co-founders alongside Perry and his son, Griffin Perry.

The son of former Texas Congressman Randy Nagabower, he and his family own an estimated

28% stake worth $6 billion as of market close on Wednesday, based on an analysis of a

prospectus filed on October 1st. A large chunk of that stake is held in trusts for his wife

and two children. Griffin Perry, who is 42 years old, is the next largest shareholder, with an estimated 11%

stake worth $2.3 billion.

Unlike his father, who serves as a director at the firm, the younger Perry doesn't have a formal

role at Fermi.

Stephen Meisel, who is 40 years old, an investor in the company through his firm, Pencross

Energy, is worth $1.8 billion.

Rick Perry himself, while not quite a billionaire, owns a stake worth some $540 million.

In 2019, Forbes estimated then Energy Secretary Perry's net worth at just $40 million. In 2019, Forbes estimated then-energy Secretary Perry's net worth at just

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