Yesterday, a Texas billionaire visiting Colorado was killed in a tragic car accident in Aspen, Colorado.  77-year old Charles Wyly of Dallas was known for his family’s two ranches and philanthropic work.

According to the Colorado State Patrol, Wyly was traveling on Airport Road in Aspen when his Porsche Targa was struck by a Ford SUV on the driver’s side of his vehicle at around 11 a.m.  Wyly was attempting to turn left onto State Highway 82 when the accident occurred.

Paramedics rushed Wyly to Aspen Valley Hospital where he later passed away.  Police do not suspect alcohol or drugs were involved in the fatal car accident and continue to investigate.

Our thoughts and prayers go out to Wyly’s family and friends during this difficult time.