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Hair-Product Kingpin's Dripping Springs Ranch on Market for $7.49M

Austin billionaire's "Patron de Paz" place includes a 2,700-square-foot underground shelter

John Paul DeJoria, the local bootstrapping philanthropist best known for his Paul Mitchell hair-care products and Patrón Tequila, likes to tell the story about how he was living in his car right before he figured out how to make billions on shampoo and conditioners.

Now it appears he has more places to live than he knows what to do with, as the Austin Business Journal is reporting that he's selling his 96-acre Dripping Springs estate, which he named Patrón de Paz.

The property contains a portion of Fitzhugh Creek, as well as a 7,540-square-foot house (four bedrooms, six bathrooms), a 2,700-square-foot underground shelter, two barns, a pecan orchard, and a bunch of "exotic" ranch animals (which we sincerely hope doesn't mean it's a game ranch).

DeJoria is one of Austin's wealthiest residents and consistently makes Forbes magazine's world's top billionaires list. He is also a frequent speaker and fundraiser in town and has interests as varied as the Austin film scene, his (partly) tequila-fueled motorcycle, and the specialty gun-making business of his son-in-law Jesse James, former husband of Sandra Bullock.

Austin tequila billionaire puts Dripping Springs ranch up for sale [Austin Business Journal]

Texas Hill Country Waterfront Ranch Estate [DMTX Realty]

Fired Up: Motorcycle Magnate Jesse James Launches Gun-Making Startup in Austin [Sparefoot Blog]

I Am American Business [CNBC]