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    Mo’ money

    15 Dallas-Fort Worth billionaires bank spots on Forbes' 2022 list of the world's richest

    John Egan
    Apr 6, 2022 | 11:53 am
    Dallas Cowboys owner Jerry Jones
    Jerry Jones' fortune went up this year.
    Photo courtesy of Dallas Cowboys

    In the battle of the world’s billionaires, newly minted Texan Elon Musk comes out on top — and 15 Dallas-Fort Worth billionaires have had a pretty good year, too.

    Forbes magazine’s new ranking of the world’s richest people puts Musk at No. 1, with a net worth of $219 billion. That’s up from $151 billion in 2021, $24.6 billion in 2020, $22.3 billion in 2019, and $19.9 billion in 2018. CEO of Austin-based vehicle manufacturer Tesla and leader of a host of other businesses, Musk was ranked second on Forbes’ 2021 list. He sat behind Amazon founder Jeff Bezos, whose net worth in 2021 was pegged at $177 million. This year, Forbes estimates Bezos’ net worth is $171 billion.

    Nearly 30 other Texans appear in this year’s top 1,000, about half of which live in DFW. The 15 local billionaires who made the 2022 list (including their global ranking, 2022 net worth, and 2021 net worth) are:

    Dallas

    • Dallas Cowboys owner Jerry Jones: tied for No. 185, $10.6 billion, up from $8.9 billion
    • Banking and real estate kingpin Andy Beal: tied for No. 201, $9.9 billion, up from $7.9 billion
    • Oil and real estate titan Ray Lee Hunt: tied for No. 386, $6.5 billion, up from $4.2 billion
    • Money manager Ken Fisher: tied for No. 509, $5.3 billion, down from $5.5 billion
    • Media magnate and Dallas Mavericks owner Mark Cuban: tied for No. 601, $4.7 billion, up from $4.4 billion
    • Oil and gas guru Trevor Rees-Jones: tied for No. 637, $4.5 billion, up from $4 billion
    • Hotel and investment titan Robert Rowling: tied for No. 637, $4.5 billion, up from $3.9 billion
    • Oil baron W. Herbert Hunt: tied for No. 665, $4.3 billion, up from $2 billion
    • Margot Birmingham Perot: widow of tech and real estate entrepreneur H. Ross Perot Sr., tied for No. 665, $4.3 billion, up from $4.1 billion
    • Oil and gas tycoon Kelcy Warren: tied for No. 728, $4 billion, up from $3.4 billion
    • Real estate bigwig H. Ross Perot, Jr.: tied for No. 951, $3.2 billion, up from $1.6 billion

    Fort Worth

    • Walmart heiress Alice Walton: No. 18, $65.3 billion, up from $61.8 billion
    • Oil and investment guru Robert Bass: tied for No. 536, $5.1 billion, unchanged from last year
    • Private equity magnate David Bonderman: tied for No. 637, $4.5 billion, up from $4.1 billion
    • Investor and oilman Sid Bass: tied for No. 883, $3.4 billion, up from $2.9 billion

    For the last few years, Fort Worth's Walton has "battled" Musk for the top spot in Texas. Now with a net worth of $65.3 billion, she's well behind Musk but still ahead of the rest of the pack.

    Walton is the only daughter of Walmart founder Sam Walton; as of September 2021, the Walton family still reigned as the richest family in the U.S.

    Last month, Musk questioned the notion that he’s the richest person in the world. Rather, he believes a certain world leader holds that title.

    Russian President Vladimir Putin, currently engaged in a bloody war against neighboring Ukraine, “is significantly richer than me,” Musk recently told an interviewer. Putin is said to control vast “ill-gotten gains,” but no one has been able to assign a dollar amount to his riches.

    Musk confirmed in 2020 that he had relocated from California to Texas, but it’s not known whether he spends most of his time around Brownsville, near a major launch site developed by his SpaceX venture, or in Austin, where he continues to build his business empire. Tesla’s headquarters moved last year from California to Tesla’s new factory just outside Austin.

    Four Austin billionaires join Musk in the top 1,000 on the Forbes list. They are:

    • Michael Dell, founder, chairman, and CEO of Round Rock-based Dell Technologies: No. 24, $55.1 billion, up from $45.1 billion
    • Venture capitalist Robert Smith: tied for No. 369, $6.7 billion, up from $6 billion
    • Tito’s Vodka baron Bert “Tito” Beveridge: tied for No. 637, $4.5 billion, down from $4.6 billion
    • Tech entrepreneur Thai Lee: tied for No. 709, $4.1 billion, up from $3.2 billion

    Houston billionaires on the list are:

    • Oil mogul Jeffery Hildebrand: tied for No. 316, $7.5 billion, up from $2 billion
    • Pipeline magnate Richard Kinder: tied for No. 316, $7.5 billion, up from $7 billion
    • Houston siblings and pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams: each tied for No. 375, $6.6 billion, up from $6 billion
    • Hospitality titan and Houston Rockets owner Tilman Fertitta: tied for No. 471, $5.6 billion, up from $4.6 billion
    • Houston software entrepreneur Robert Brockman: tied for No. 601, $4.7 billion, down from $6 billion
    • Toyota mega-dealer Dan Friedkin: tied for No. 665, $4.3 billion, up from $4.1 billion
    • Houston Texans owner Janice McNair: tied for No. 687, $4.2 billion, up from $4.1 billion
    • Hedge fund honcho John Arnold: tied for No. 913, $3.3 billion, unchanged from last year

    Elsewhere in Texas:

    • Sports and entertainment mogul Stan Kroenke (Vernon): tied for No. 183, $10.7 billion, up from $8.2 billion
    • Walmart heiress Ann Walton Kroenke (Vernon): tied for No. 227, $9 billion, up from $8.4 billion
    • Oil tycoon Autry Stephens (Midland): tied for No. 552, $5 billion, not previously ranked

    “The tumultuous stock market contributed to sharp declines in the fortunes of many of the world’s richest,” Kerry A. Dolan, assistant managing editor of Wealth at Forbes, says of this year’s ranking. “Still, more than 1,000 billionaires got wealthier over the past year. The top 20 richest alone are worth a combined $2 trillion, up from $1.8 trillion in 2021.”

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    Higher education news

    University of North Texas cuts 70+ academic programs amid $45M deficit

    Associated Press
    Mar 23, 2026 | 2:52 pm
    UNT, University of North Texas
    Facebook/UNT
    UNT is cutting programs to close a budget shortfall.

    The University of North Texas is cutting or consolidating more than 70 academic programs, minors and certificates — including phasing out its linguistics degrees and eliminating a women’s and gender studies master’s program — as it works to close a projected $45 million budget shortfall.

    The cuts are the first indication of how UNT plans to close the deficit, which it says was driven largely by a sharp decline in international enrollment — students who typically pay a significantly higher tuition — and reduced state funding. Last month, university leaders warned that program consolidations, faculty buyouts, and higher teaching loads were likely.

    In a message to faculty and staff Thursday, March 19, UNT President Harrison Keller and Provost Michael McPherson said the most significant change will be to phase out all linguistics degree programs and merge the department with the Department of World Languages, Literatures and Cultures.

    UNT is also cutting a bachelor’s degree in Latino and Latin American studies and a master’s program in women’s and gender studies, along with 25 undergraduate minors and more than 40 certificate programs.

    The minors being eliminated include women’s and gender studies, LGBTQ studies, Mexican American studies, Africana studies, Asian studies, as well as dance, geology and special education.

    The cuts come amid a broader political climate in which Texas public universities have faced pressure from state Republican leaders and conservative activists to limit teaching about gender, race, and sexuality.

    Last fall, the UNT System, like other public university systems in the state, ordered a review of its courses. Some university systems said the reviews were meant to ensure compliance with an executive order from President Donald Trump, a directive from Gov. Greg Abbott and House Bill 229, all of which recognize only two sexes, male and female, though none explicitly bans teaching gender-related topics.

    The UNT System did not cite a specific law when it ordered its review.

    It’s unclear if that review has been completed, what the results were and if it factored into the decision to cut areas of study.

    Earlier this year, Texas A&M eliminated its women’s and gender studies program, while the University of Texas at Austin and the University of Texas at San Antonio moved to consolidate programs focused on race, gender and ethnicity.

    Keller and McPherson said the decisions followed a “careful review.” They said the linguistics department has seen declining enrollment since 2021, along with higher instructional costs and lower “time to value,” and that the merger will take effect Sept. 1.

    They said the master’s programs being cut enrolled an average of 15 or fewer students over the past five years, while the undergraduate minors had 20 or fewer students since 2021 and certificate programs had fewer than two students per year.

    Students enrolled in affected programs will be able to complete their degrees, but new students will no longer be admitted.

    “We must adapt to meet the changing needs of our students, employers and communities across Texas and beyond, especially by providing degree and credential pathways that translate into opportunities beyond graduation,” they wrote.

    William Salmon, chair of the linguistics department, told The Texas Tribune that faculty learned of the decision around 3 pm Thursday.

    “And we weren’t consulted on the matter at all,” he said.

    Salmon declined to elaborate further, saying he was focused on supporting students and faculty and “answering the many questions coming in.”

    University officials did not immediately respond to detailed questions Friday from the Tribune, including how much money the cuts are expected to save or how faculty and staff positions will be affected. They also did not explain how they measured “time to value” or why some programs were eliminated while others were merged.

    Last month, UNT offered buyouts to faculty with at least 15 years of service. Applications are due by April 10. University officials have not said how many faculty members have applied or been approved, or whether layoffs could follow if desired reductions are not met.

    UNT is also planning to move more lectures online in response to the budget shortfall. Beginning this fall, more than 40 courses will shift to a model where lectures are delivered online and students attend weekly in-person sessions in smaller groups focused on discussion and problem-solving.

    It’s not yet clear the total number of students enrolled in the affected programs or how long required courses will continue to be offered.

    Grace Youngberg, a third-year linguistics major, said she was shocked and felt “disrespected” by the decision and lack of prior notice.

    She had planned to attend graduate school at UNT and pursue a career in forensic linguistics, applying language analysis in legal settings to help people better understand and communicate in court proceedings.

    Now, she said, she may have to look elsewhere to continue her studies.

    Youngberg also questioned the university’s emphasis on “time to value.”

    “Putting a monetary value on education to begin with is closed-minded,” she said, adding that there is a need for linguists even if the field is not the highest paying.

    Nearly 47,000 students attend the Denton university.

    ---

    This story was originally published by The Texas Tribune and distributed through a partnership with The Associated Press.

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