Jerry Jones Seeing Massive Profits Amid Texas Storm

BYAlexander Cole3.2K Views
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Jerry Jones
The rich continue to get richer.

This has been a horrendous week for the state of Texas as millions of people have been left without power and water due to a Winter storm. The state was simply not ready for this type of climate and as a direct result of the incompetence of lawmakers, numerous people are suffering. It's an ordeal that has led to scandals involving Senator Ted Cruz and even some mayors throughout the state.

While some are having to go through a hard time as a result of the storm, it seems like others are enjoying the spoils. One of those people is none other than Dallas Cowboys owner Jerry Jones, who has been making a ton of money over the last week thanks to his investments. According to Bloomberg, Jones owner a majority stake in Comstock Resources Inc, which is a gas driller.

Jerry Jones Seeing Massive Profits Amid Texas Storm
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As a direct result of the storm, this company has been able to sell gas at some fairly exorbitant prices, which has ultimately increased the value of the company, while also bringing in tremendous profits. There is a huge demand for this natural gas right now, and the Cowboys owner has benefitted handsomely from it.

Jones is a known billionaire with ties to the oil industry, so this latest story should not come as a surprise. Regardless, it is disheartening to see rich guys continue to increase their wealth while working-class people are left with no power.

Jerry Jones Seeing Massive Profits Amid Texas Storm
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[Via]


About The Author
Alexander Cole is the current editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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