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    Lone Star Wealth

    Richest families in Texas: Forbes list has a few billionaire surprises

    Clifford Pugh
    Jul 10, 2014 | 9:52 am

    The latest Forbes list of America's Richest Families has a Texas flavor. Twenty-one Lone Star families were named among the 185 wealthiest clans in the United States. The Dallas-Fort Worth area topped the statewide list, with nine families. Houston had seven; San Antonio had two; and Uvalde, Tyler and Midland each had one.

    The list, which was released July 9, includes multigenerational families of all sizes, ranging from just two brothers to the 3,500 members of the Du Pont clan. Families needed at least a combined net worth of $1 billion to make the cut.

    The source of Texas wealth was predictable — oil, energy, chemicals — and sometimes surprising; the owners or founders of Academy Sports & Outdoors, Whataburger, H-E-B and Mary Kay Cosmetics were named to the elite list.

    The four heirs of Houston oilman Dan Duncan ranked No. 10 on the overall list and tops in Texas, with an estimated net worth of $25.4 billion. The 34 members of the Hunt family in Dallas ranked No. 13 overall, with an estimated net worth of $15 billion.

    Others on the list from Dallas-Fort Worth, with rank, estimated net worth and source of income:

    • Marshall family (No. 26, $9.3 billion, diversified)
    • Bass family (No. 27, $9.1 billion, investments)
    • Perot family (No. 48, $5.6 billion, diversified)
    • Simmons family (No. 52, $5.2 billion, inherited)
    • Rogers family (No. 115, $2 billion, Mary Kay Cosmetics)
    • Westerman family (No. 147, $1.4 billion, oil)
    • Colburn family (No. 156, $1.3 billion, electric equipment distributor)
    • Dedman family (No. 164, $1.2 billion, country clubs)

    The Houston families:

    • Chao family (No. 62, $4.3 billion, chemicals)
    • Friedkin family (No. 75, $3.3 billion, Toyota distributor)
    • Gochman family (No. 100, $2.3 billion, Academy Sports & Outdoors)
    • Mitchell family (No. 100, $2.3 billion, oil)
    • Walter family (No. 121, $1.9 billion, energy)
    • Adams family (No. 156, $1.3 billion, self-made). Bud Adams, who moved the Houston Oilers to Nashville in 1997, remained in Houston until his death last year, although Forbes says the family business in based in the Tennessee city.

    In San Antonio, the Butt family, owners of H-E-B, have an estimated net worth of $10.1 billion and ranked No. 23, while the Dobson family, owner of Whataburger, ranked No. 142 with $1.5 billion.

    San Antonio's Charles Butt of H-E-B at the 2013 H-E-B Excellence in Education Awards.

    Charles Butt H-E-B San Antonio billionaire at 2013 H-E-B Excellence in Education Awards
    Photo courtesy of Business Wire
    San Antonio's Charles Butt of H-E-B at the 2013 H-E-B Excellence in Education Awards.
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    news/innovation

    Jobs report

    Texas ranks among 10 best states to find a job, says new report

    John Egan, InnovationMap
    Nov 28, 2025 | 9:15 am
    Job interview
    Photo by Christina @ wocintechchat.com on Unsplash
    You have a better chance of landing a job in Texas than in most other states.

    If you’re hunting for a job in Texas amid a tough employment market, you stand a better chance of landing it here than you might in other states.

    A new ranking by personal finance website WalletHub of the best states for jobs puts Texas at No. 7. The Lone Star State lands at No. 2 in the economic environment category and No. 18 in the job market category.

    Massachusetts tops the list, and West Virginia appears at the bottom.

    To determine the most attractive states for employment, WalletHub compared the 50 states across 34 key indicators of economic health and job market strength. Ranking factors included employment growth, median annual income, and average commute time.

    “Living in one of the best states for jobs can provide stable conditions for the long term, helping you ride out the fluctuations that the economy will experience in the future,” WalletHub analyst Chip Lupo says.

    In September, Gov. Greg Abbott announced Texas led the U.S. in job creation with the addition of 195,600 jobs over the past 12 months.

    While Abbott proclaimed Texas is “America’s jobs leader,” the state’s level of job creation has recently slowed. In June, the Federal Reserve Bank of Dallas noted that the state’s year-to-date job growth rate had dipped to 1.8 percent, and that even slower job growth was expected in the second half of this year.

    The August unemployment rate in Texas stood at 4.1 percent, according to the Texas Workforce Commission. Throughout 2025, the monthly rate in Texas has been either four percent or 4.1 percent.

    By comparison, the U.S. unemployment rate in August was 4.3 percent, according to the U.S. Bureau of Labor Statistics. In 2025, the monthly rate for the U.S. has ranged from 4 percent to 4.3 percent.

    Here’s a rundown of the August unemployment rates in Texas’ four biggest metro areas:

    • Austin — 3.9 percent
    • Dallas-Fort Worth — 4.4 percent
    • San Antonio — 4.4 percent
    • Houston — 5 percent

    Unemployment rates have remained steady this year despite layoffs and hiring freezes driven by economic uncertainty. However, the number of U.S. workers who’ve been without a job for at least 27 weeks has risen by 385,000 this year, the Bureau of Labor Statistics reported in August. That month, long-term unemployed workers accounted for about one-fourth of all unemployed workers.

    An August survey by the Federal Reserve Bank of New York showed a record-low 44.9 percent of Americans were confident about finding a job if they lost their current one.

    This story originally was published on our sister site, InnovationMap.
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