Billionaire Crafts $50M Golf Course for Wife’s Unique Swing Style
David D. Halbert, a new member of the Forbes 400, has commissioned a unique $50 million golf course in Texas for his wife. This 18-hole course, designed by renowned architect Tom Fazio, is situated on 170 acres near Lake Granbury, approximately 60 miles from the Dallas-Fort Worth area. Named the Halbert National Golf Course, this championship track stretches 7,500 yards and features the noteworthy “Jake hole,” a tribute to Halbert’s grandkids.
Exclusive Golf Experience
Halbert, who holds full ownership of the course, has made it a personal retreat exclusively for family and friends. The course is a reflection of his visions, as he actively collaborated with Fazio during its design. “If you don’t have a hole named after you then you’re not a member,” Halbert humorously noted.
Unique Features
- Reversible driving range with two tee boxes.
- Customized landscape alterations, including a 30-foot hill on the 11th hole.
- A scenic babbling brook along the first hole.
Halbert’s passion for golf blossomed while he was working in various entrepreneurial ventures. He plays to a handicap of 12.5 and describes golf as his primary hobby. The project reflects his belief in living fully, stating, “If I’m going to do it, I’ve got to do it now.”
Halbert’s Entrepreneurial Journey
With a net worth estimated at $4.9 billion, Halbert’s wealth primarily stems from the biotechnology company Caris Life Sciences, which went public with a market capitalization of $10.3 billion. Having founded multiple companies, including a pharmacy benefits manager, he has a track record of successful entrepreneurship.
Investment in the Community
Halbert and his wife Kathy have a strong connection to Texas, having donated $30 million to their alma mater, Abilene Christian University. They envision expanding their investment in their new golf course with plans for a lodge and cabins, bringing the total investment to over $70 million.
Collaboration with Fazio
Tom Fazio, at 80, is known for his commitment to creating breathtaking golf courses. He describes the process as not just about building a course, but creating a masterpiece for players. During the two-year project, he made multiple visits to Lake Granbury to fine-tune Halbert’s vision.
Future Developments
Halbert’s long-term plans include enhancing the course with additional fairways and “signature trees.” He aims to draw fellow PGA players and influential acquaintances to experience his exclusive course. Additionally, he hopes to address environmental challenges like Canadian geese and is exploring innovative solutions.
The Bigger Picture
Halbert National is not alone in offering exclusive golf experiences, as other billionaires like Warren Stephens and Michael Jordan have also built private golf courses. Halbert aims to set his course apart by continuous improvements and a personalized approach to golfing communities.
In summary, with an investment of $50 million, David Halbert has created a golfing haven that blends his passion for the sport with a unique creative vision. As the course matures, it promises to be a destination for notable golfers and an exemplary model of luxury in the private golf industry.
