This report was published in July 2000. It should be considered outdated and is kept online for historical purposes only.

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Pioneer Profiles: George W. Bush's $100,000 Club
Name: Mercer Reynolds, III
Occupation: Chair, Reynolds DeWitt & Co.
Industry: Finance
Home: Cincinnati, OH


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DeWitt and Pioneer Mercer Reynolds III owned Spectrum 7, the oil company that bailed out Bush’s hemorrhaging Bush Oil Co. in ’84. Both of these partners—who also own fast-food and convenience store interests—were big Bush senior donors and major investors in the Texas Rangers baseball team, which made Bush a millionaire 15 times over. Much of this profit derived from a large equity stake that other partners in the investment gifted to Bush as well as the $135 million that local taxpayers forked out for the Rangers’ new Ballpark in Arlington. Reynolds also owns Reynolds Plantation Golf Resort, which covers 7,000 acres of woodlands overlooking Lake Oconee on Reynolds’ grandfathers’ old wood pulp plantation. The resort, which was developed with Bush Pioneer James Reynolds, is clearing additional lakeside land to build million-dollar homes and a Ritz-Carlton Hotel. The Plantation boasts of having raised $700,000 for Bush at a single ’99 fundraiser.

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