Albert Buckman Wharton III grew up in Albuquerque, New Mexico.
[1] When he was discharged in 1970, he enrolled at Midwestern State University in Wichita Falls, Texas, where he went on to receive a Bachelor in Business Administration (B.B.A.).
[1] Wharton inherited half the Waggoner Ranch in 1970, after his mother sued the estate for four years.
[1] Indeed, his father had originally left his estate to his widow instead of him, an outcome his mother wouldn't accept.
[1] After multiple lawsuits, the ranch is listed for sale on the real estate market.