Toby Randolph Neugebauer is an American billionaire businessman and political donor based in the state of Texas.
Early life and education
His father is
Randy Neugebauer, a former member of the United States House of Representatives for Texas's 19th congressional district.
He received a Bachelor of Business Administration in Finance from New York University.
Career
He was an investment banker at Kidder, Peabody & Co.'s Natural Resources Group.
He later co-founded Windrock Capital.
In 1998, together with S. Wil VanLoh, Jr., he co-founded Quantum Energy Partners,
an energy
private equity firm headquartered in Houston, Texas.
He served as its managing director and now serves on its investment committee.
The company invested heavily in the
Barnett Shale, which is regulated by the Texas Commission on Environmental Quality.
He served on the boards of Texoil, Crown Oil Partners, Parks & Luttrell Energy Partners and Aspect Energy.
Neugebauer founded fintech company GloriFi.
Political activity
He has donated $110,000 to
Rick Perry, according to the Texans for Public Justice.
The donation came from Blackstone Limited I, and was given to a Super PAC called Jobs for Iowa, which shared the same address as Quantum Energy Partners.
He has also let the governor fly on his private jet to attend a meeting with the Interstate Oil and Gas Compact Commission in Biloxi, Mississippi, which was reported as a $6,250 "in-kind" campaign contribution.
In 2015, he was the sole donor to
Ted Cruz' Super PAC,
"Keep The Promise II", contributing $10 million,
representing one of the largest campaign donations ever made of this type.
Neugebauer was in charge of the Super PAC, which was part of a group of 4 Super PACs supporting Cruz. As of mid March 2016, practically none of the money in the Neugebauer led Super PAC had been spent, leading to media speculations that he might withdraw the money from the race.
After Cruz's withdrawal from the presidential campaign on May 3, 2016, Neugebauer withdrew the unspent $9M from the Super PAC.
[Schleifer, Theodore. Ted Cruz donor sat on $9 million in super PAC. CNN. May 4, 2016.]
Personal life
He is married and has two sons.
In 2010, in an attempt to teach
philanthropy to his sons, he took his family on a 110-day world tour to visit the slums of
Mumbai, the orphanages of
China, and the dirt-path villages of
Tanzania and now he is in Egypt.
