Toby Randolph Neugebauer is an American billionaire businessman and political power broker, born on December 1, 1971, in Lubbock, Texas. He is the son of Randy Neugebauer, a former long-serving U.S. Representative from Texas.

Neugebauer earned a Bachelor of Business Administration in Finance from New York University (NYU) in 1993. He began his career on Wall Street as an investment banker in the Natural Resources Group at Kidder, Peabody & Co..

• Core Company: Quantum Energy Partners (Co-founder).
• New Venture: Fermi America (CEO and Co-founder).
• Origins: West Texas native who became a leading figure in energy private equity.

Toby Neugebauer’s career is defined by two major waves of infrastructure development. In 1998, he co-founded Quantum Energy Partners, which grew into one of the world's most successful energy private equity firms. He served as its co-managing partner across five consecutive funds before transitioning to political and technological ventures.

His latest structural achievement is the founding of Fermi America, a firm pioneering next-generation private electric grids. Partnering with former Energy Secretary Rick Perry, Fermi aims to deliver gigawatt-scale redundant power specifically for the AI data center boom. He is vocal about the intersection of energy policy and global AI competitiveness.

• Role: Co-founder & CEO of Fermi America; Founder of fintech firm GloriFi.
• Political Influence: One of the largest donors to Super PACs, notably contributing $10 million to back Ted Cruz in 2015.