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Fortune
Fortune
Sydney Lake

Carlyle Group's founder, Dallas Cowboys owner, and a Houston hospitality mogul are among the billionaires bankrolling March Madness Sweet 16 schools

(Credit: Getty Images—Brett Comer/Houston Chronicle)

Behind the nation’s greatest college basketball teams is a steady flow of donations from billionaires with varying industry backgrounds and connections to the schools. 

Among them are the cofounder of the Carlyle Group, one of the world’s largest investment firms; the owner of the NFL’s Dallas Cowboys, and a Houston hospitality mogul whose name is flashed on an entire arena. Several powerhouse teams bankrolled by billionaires are favored to advance far in this year’s March Madness tournament. 

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