How Rick Perry Got Rich While Working Government Jobs - Conor Friedersdorf, The Atlantic - NationalJournal.com Perry bought another 10 acres of undeveloped land in 1993. That property drew interest from Michael Dell, a computer magnate who needed Perry's tract to connect his new home to municipal sewer lines. Dell took the property off Perry's hands for $465,000, more than triple what Perry had paid for it two years earlier. Perry reported a $342,994 profit on the sale in his 1995 tax return. Texas Democrats have repeatedly questioned the sale over the years, in part because Mike Toomey - an influential lobbyist who would later become Perry's chief of staff - closed the deal for Perry while Perry was out of town. Perry has always maintained he didn't know that the land would be so valuable to Dell when he purchased the property. Here's another example: Perry purchased the land from state Sen. Troy Fraser, R-Horseshoe Bay, in 2001 for $314,770. Six years later, Perry sold it for $1.1 million, pulling a profit of $823,776. Perry has attributed the gain to a favorable market for Hill Country land. "We bought a piece of property, the property appreciated and we sold it," Perry said last year.