Equipment near a newly constructed section of border wall at the US-Mexico border in San Rafael Valley, Arizona.

Equipment near a newly constructed section of border wall at the US-Mexico border in San Rafael Valley, Arizona.

Photographer: Rebecca Noble/Bloomberg 

Billionaires

Trump's Border Wall Spending Creates a Billionaire Family

Fisher Sand & Gravel embraced the MAGA immigration agenda early on and has won more than $8 billion in government contracts since July.

The biggest beneficiary so far of the Trump administration’s roughly $171 billion immigration spending blitz is a third-generation family business that specializes in sand and gravel.

Since President Donald Trump signed the One Big Beautiful Bill into law on July 4, Fisher Sand & Gravel Co. has won more than $8 billion in contracts from the Department of Homeland Security to design and construct segments of Trump’s long-touted wall on the southern border. The awards account for nearly one-fifth of the money DHS has agreed to spend over that timeframe, during which its three largest contracts — ranging from $1.5 billion to $1.7 billion each — all went to Fisher.