Toby Neugebauer#Career
{{Short description|Americana businessman}}
{{Infobox person
| name = Toby Randolph Neugebauer
| birth_date = {{Birth date and age|1971|12|1|mf=yes}}
| nationality = American
| alma mater = New York University (B.B.A.)
| occupation = Businessman
| parents = Dana Collins and Randy Neugebauer
}}
Toby Randolph Neugebauer is an American businessman and political donor based in the state of Texas.{{cite web
|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=1122653&privcapId=2402634
|title=Toby R. Neugebauer
|last=
|first=
|date=
|website=
|publisher=Bloomberg
|access-date=June 7, 2017
|quote= }}
Early life
His father is Randy Neugebauer, a former member of the United States House of Representatives for Texas's 19th congressional district.{{cite web
|url=http://www.politico.com/news/stories/1211/70972.html
|title=Perry's mysterious corporate cash
|last=Vogel
|first=Kenneth P.
|date=December 30, 2011
|website=
|publisher=Politico
|access-date=June 7, 2017
|quote= }} 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.{{cite web
|url=https://www.forbes.com/profile/toby-neugebauer/
|title=Toby Neugebauer
|last=
|first=
|date=
|work=Forbes
|archive-url=https://web.archive.org/web/20141211061400/http://www.forbes.com/profile/toby-neugebauer/
|archive-date=December 11, 2014
|access-date=June 7, 2017
|quote= }}{{cite web
|url=http://in.reuters.com/finance/stocks/officerProfile?symbol=QRE.N&officerId=1537610
|title=Neugebauer, Toby Brief Biography
|last=
|first=
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|website=
|publisher=Reuters
|archive-url=https://web.archive.org/web/20131004220026/http://in.reuters.com/finance/stocks/officerProfile?symbol=QRE.N&officerId=1537610
|archive-date=October 4, 2013
|access-date=June 7, 2017
|url-status=dead
|quote= }} He later co-founded Windrock Capital. In 1998, together with S. Wil VanLoh, Jr., he co-founded Quantum Energy Partners,{{cite web
|url=http://www.quantumep.com/investment-team/founders/toby-r-neugebauer/
|title=Quantum Energy Partners biography
|last=
|first=
|date=
|website=
|publisher=Quantum Energy Partners
|archive-url=https://web.archive.org/web/20120218181254/http://www.quantumep.com/investment-team/founders/toby-r-neugebauer/
|archive-date=February 18, 2012
|access-date=June 7, 2017
|quote= }} 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.{{cite web
|url=https://www.texasobserver.org/lifestyles-of-the-corrupt-and-elected/
|title=Lifestyles of the Corrupt and Elected
|last1=Mann
|first1=Dave
|last2=Rapoport
|first2=Abby
|date=January 16, 2011
|website=
|publisher=Observer
|access-date=June 7, 2017
|quote= }}
He served on the boards of Texoil, Crown Oil Partners, Parks & Luttrell Energy Partners and Aspect Energy. He also served as chairman of Linn Energy and was a co-founder of Legacy Reserves. He currently serves on the boards of Meritage Energy Partners, EnSight Energy Partners, Tri-C Energy, Rockford Energy Partners and TriQuest Energy Corp and QA Global GP; and is general partner of QR Energy.
Neugebauer founded fintech company GloriFi.{{Cite web |title=GloriFi, a Pro-America, Mission-Driven Technology Company That Aims to Empower Members to Put Their Money Where Their Values Are |url=https://www.businesswire.com/news/home/20220725005888/en/ |access-date=2022-10-11 |website=Business Wire}} However, GloriFi had serious difficulties{{Cite news |last=Andriotis |first=Rachel Louise Ensign, Peter Rudegeair and AnnaMaria |date=2022-10-10 |title=How a New Anti-Woke Bank Stumbled |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704 |access-date=2022-10-15 |archive-url=https://archive.today/20221012025405/https://www.wsj.com/amp/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704 |archive-date=2022-10-12 |url-status=live |issn=0099-9660}} and shut down after laying off most of their employees.{{Cite web |last= |first= |title=WSJ News Exclusive {{!}} Anti-Woke Bank GloriFi to Shut Down |url=https://www.wsj.com/articles/anti-woke-bank-glorifi-to-shut-down-11669051554 |access-date=2023-03-10 |website=WSJ |language=en-US}}
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,{{cite web
|url=https://www.motherjones.com/politics/2015/07/cruzs-super-pac-super-easy-understand
|title=Ted Cruz Super-PAC Has Just One Donor
|last=Choma
|first=Russ
|date=July 31, 2015
|website=
|publisher=Mother Jones
|access-date=June 7, 2017
|quote= }} "Keep The Promise II", contributing $10 million,{{cite web
|url=https://www.nytimes.com/politics/first-draft/2015/07/31/the-man-behind-the-10-million-donation-to-a-ted-cruz-super-pac/
|title=The Man Behind the $10 Million Donation to a Ted Cruz 'Super PAC'
|last=Rappeport
|first=Alan
|date=July 31, 2015
|work=The New York Times
|access-date=June 7, 2017
|quote= }} representing one of the largest campaign donations ever made of this type.{{cite web
|url=https://www.nytimes.com/interactive/2016/us/elections/top-presidential-donors-campaign-money.html
|title=Million-Dollar Donors in the 2016 Presidential Race
|last=
|first=
|date=February 9, 2016
|work=The New York Times
|access-date=June 7, 2017
|quote= }} 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.{{cite web
|url=http://edition.cnn.com/2016/03/14/politics/ted-cruz-super-pac-10-million/
|title=Ted Cruz allies 'mystified' over super PAC sitting on $10 million
|last=Schleifer
|first=Theodore
|date=March 14, 2016
|website=
|publisher=Cable News Network
|access-date=June 7, 2017
|quote= }} After Cruz's withdrawal from the presidential campaign on May 3, 2016, Neugebauer withdrew the unspent $9M from the Super PAC.Schleifer, Theodore. [https://www.cnn.com/2016/05/04/politics/ted-cruz-donor-super-pac/index.html 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.{{cite web
|url=http://www.philanthropyroundtable.org/topic/excellence_in_philanthropy/parenting_the_privileged
|title=Parenting the Privileged
|last=Hymowitz
|first=Kay S.
|date=2013
|website=
|publisher=Philanthropy Roundtable
|access-date=June 7, 2017
|quote= }}
References
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Category:New York University Stern School of Business alumni