43 Texas billionaires make Forbes’ list of richest Americans

Oil industry, tech, supermarkets and sports put these billionaires at the top of the list

FILE - Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "In America: An Anthology of Fashion" exhibition on May 2, 2022, in New York. (Photo by Evan Agostini/Invision/AP/File) (Evan Agostini, AP)

Forbes recently released its annual list of the 400 richest people in America and 12 Texas-based billionaires made the top 100.

Tech magnate Elon Musk, who is based out of Texas as of 2021, is the wealthiest man in America with a net worth of $251 billion.

The next richest Texan is Alice Walton with an estimated $55.7 billion. Her fortune comes from Walmart.

According to Forbes, the 20 people at the very top of the list—the uppermost 5%—are worth a staggering $1.6 trillion, accounting for 40% of the entire Forbes 400′s wealth.

Here are all the Texans who made the top 400 richest people in America and their respective rankings:

1. Elon Musk - $251 billion, Tesla SpaceX

15. Alice Walton - $55.7 billion, Walmart

16. Michael Dell - $50 billion, Dell computers

44. Jerry Jones - $16 billion, Dallas Cowboys

48. Stanley Kroenke - $12.9 billion, sports and real estate

56. Jeffery Hildebrand - $11 billion, oil

61. Andrew Beal - $10.3 billion, banks and real estate

63. Autry Stephens - $10 billion, oil

79. Ann Walton Kroenke - $8.3 billion, Walmart

86. Robert F. Smith - $8 billion, private equity

93. Tilman Fertitta - $7.7 billion, Houston Rockets and entertainment

99. Joe Gebbia - $$7.6 billion, Airbnb

104. Charles Butt - $7.5 billion, supermarkets (H-E-B)

110. Richard Kinder - $7.3 billion, pipelines

119. Dannine Avara - $6.9 billion, pipelines

119. Scott Duncan - $6.9 billion, pipelines

119. Milane Frantz - $6.9 billion, pipelines

119. Randa Duncan Williams - $6.9 billion, private equity

138. David Bonderman - $6.5 billion, private equity

150. Ken Fisher - $6.3 billion, money management

160. Ray Lee Hunt - $5.7 billion, oil and real estate

190. Dan Friedkin - $5.7 billion, Toyota dealerships

202. Bert Beveridge - $5 billion, vodka

202. Janice McNair - $5 billion, energy and sports

211. Robert Bass - $4.9 billion, oil and investments

214. Robert Rowling - $4.8 billion, hotels and investments

227. Mark Cuban - $4.6 billion, online media and Dallas Mavericks

227. Kelcy Warren - $4.6 billion, pipelines

234. Margot Birmingham Perot - $4.5 billion, computer services and real estate

234. Joseph Liemandt - $4.5 billion, software

252. Thai Lee - $4.2 billion, IT provider

271. Hayes Barnard - $4 billion, fintech

271. W. Herbert Hunt - $4 billion, oil

271. Trevor Rees-Jones - $4 billion, oil and gas

296. H. Ross Perot, Jr. - $3.8 billion, real estate

296. Steven Udvar-Hazy - $3.8 billion, aircraft leasing

303. Sid Bass - $3.7 billion, oil and investments

332. John Arnold - $3.3 billion, hedge funds

351. Bill Austin - $3.1 billion, hearing aids

359. George Bishop - $3 billion, oil and gas

369. John Paul DeJoria - $2.9 billion, hair products and tequila

380. Eleanor Butt Crook & family - $2.8 billion, supermarkets

388. Drayton McLane, Jr. - $2.7 billion, Walmart and logistics

Forbes notes that 42 people either joined or rejoined the ranks this year. Of those people - the richest newcomer is Texas billionaire Autry Stephens who comes in at No. 63 overall. Stephens is one of 19 billionaires on the list who made their money in energy.

To determine the rankings of the richest Americans Forbes said some billionaires provided documentation for their assets and companies while others were less forthcoming.

“To value private businesses, we coupled revenue or profit estimates with prevailing price-to-sales, price-to-earnings or similar ratios for similar public companies and applied a 10% liquidity discount,” Forbes said of its methodology. “For venture-backed companies and other businesses that had not recently sold equity to investors, we adjusted based on how the sector in which they operate has fared in the time since their latest funding round.”

The richest people in America range in age from real estate mogul Ted Lerner and early Berkshire Hathaway investor David Gottesman, both 96, to 29-year-old Gary Wang, the co-founder of crypto exchange FTX.

Wang is one of ten billionaires on the list under the age of 40.


About the Author:

Mary Claire Patton has been a journalist with KSAT 12 since 2015. She has reported on several high-profile stories during her career at KSAT and specializes in trending news and things to do around Texas and San Antonio.