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    Multibillion-dollar dynasty

    These Dallas-Fort Worth billionaires earn place among America's 25 richest families

    John Egan
    Jul 25, 2018 | 2:55 pm
    Alice Walton of Wal-Mart
    Alice Walton sold her Millsap ranch for an undisclosed amount last year.
    Photo courtesy of Wal-Mart

    The Bushes and the Kennedys reign as perhaps the two most prominent political dynasties in the U.S. But if you turn to America’s wealthiest families, one dynasty dominates the list — the heirs of Walmart founders Sam and Bud Walton.

    A new list from Business Insider pegs the net worth of the Walton heirs at $151.5 billion, handing them the title of America’s richest family.

    Among the seven Walton relatives who share that treasure trove is Alice Walton, the world’s richest woman, who calls Fort Worth home and boasts a fortune estimated at $43.7 billion, according to Business Insider. (Forbes assigned a lower net worth — $41.5 billion — to Alice as of June 25.) Alice, 68, is one of Sam Walton’s three children.

    “Rather than working in the family company with brothers Rob and Jim, [Alice] went into investment banking before leaving to pursue her passions for art and horses,” Forbes reported in 2017.

    Her legendary father once described Alice, a 1971 graduate of Trinity University in San Antonio, as “the most like me — a maverick — but even more volatile.”

    In 2017, Alice, whose passions include horse breeding, sold her 1,460-acre Rocking W Ranch in the small town of Millsap for an undisclosed amount, according to Business Insider. The initial asking price was $19.75 million, but the price later dropped to $16.5 million, Business Insider reported.

    Courtesy of Alice Walton, the Walmart heirs have a strong foothold among Texas billionaires. However, the Waltons aren’t the only family with Texas ties to appear on the Business Insider list.

    The Hunt family — owing its estimated $13.7 billion net worth to oil baron H.L. Hunt — ties for 16th place in Business Insider’s ranking of America’s wealthiest families. Hunt’s array of heirs, including more than a dozen children, have gone on to invest in energy, real estate, hotels and even sports teams (the NFL’s Kansas City Chiefs and the NBA’s Chicago Bulls).

    Seventy-five-year-old Dallas oil and gas magnate Ray Lee Hunt, the wealthiest child of H.L. Hunt, has a net worth of $5 billion, according to a June 25 estimate from Forbes. Ray Lee is an alumnus of Southern Methodist University.

    The Butt family, whose fortune stems from the San Antonio-based H-E-B grocery chain, lands at No. 23 on Business Insider’s list of America’s wealthiest families. The Butts’ estimated net worth: $11 billion.

    Florence Butt founded H-E-B in Kerrville in 1905. In the 1920s, her son Howard expanded the company statewide after taking over the reins. Today, Howard’s 80-year-old son, Charles, is H-E-B’s No. 1 shareholder and runs the company. Charles’ siblings and two nephews also own stakes in H-E-B, according to Business Insider.

    Forbes estimated Charles Butt’s net worth at $10.7 billion as of June 25.

    In May, Charles Butt committed to donating the bulk of his wealth to philanthropic causes. He joins billionaires like Bill Gates and Warren Buffett in making that pledge.

    “The roots of the Spirit of Giving at the company I have headed over the past 50 years are directly traced back to my parents’ decision in 1933 to contribute 5 percent of our pre-tax income to charitable causes. We’ve kept that pledge through changes in tax rates and other variables,” Butt wrote in his letter for the Giving Pledge campaign.

    Business Insider used the most up-to-date estimated net worths available from Forbes and Bloomberg to determine their rankings.

    Other noteworthy entries on the top-25 list include the Gallo family of wine-making fame (No. 25); the famous Rockefeller family (No. 24); the beer-making Busch family (No. 18); cosmetics' (Estée) Lauder family (No. 11); and the Mars family, with its candy empire (No. 3).

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    This Week's Hot Headlines

    The richest small town in Texas tops our 5 most popular Dallas stories

    CultureMap Staff
    Dec 20, 2025 | 10:00 am
    Bellaire, Texas
    Facebook / City of Bellaire, Texas
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    Editor's note: The top Dallas news of the week reveals the richest small town in Texas and some big restaurant closures. Plus, a magical Christmas light show in Plano. Catch up on our most popular stories below, then visit this guide for festive weekend fun.

    1. The richest small town in Texas is surprisingly not in Dallas. A survey of affluent small towns has found one town in Texas to be at the top of the list, but shockingly, it is not in Dallas.

    2. Mom-and-pop restaurant chain Biscuit Bar closes all Dallas locations. A Dallas-Fort Worth restaurant chain dedicated to biscuits is shutting down. The Biscuit Bar, a chain with six locations including five in the Dallas area, is closing them all. According to the owners, the closures are effective immediately.

    3. Magical Plano Elf Town to compete on ABC's Great Christmas Light Fight. A family from one of Dallas-Fort Worth's most famous Christmas-light neighborhoods stepped into the national spotlight. Melissa and David Loder, who present a spectacular "Elf Town" display in Plano's Deerfield subdivision, competed on ABC's holiday competition show The Great Christmas Light Fight on December 18.

    Elf Town, Loders, Deerfield Plano, Great Christmas Light Fight David and Melissa Loder's Elf Town is on Penbrook Court in the Deerfield subdivision of Plano. Photo courtesy of David and Melissa Loder

    4. Longtime Dallas restaurant Sevy's Grill to close after nearly 30 years. A longtime Dallas restaurant is closing in 2026. Sevy's Grill, which has been open at 8201 Preston Rd. for nearly 30 years, will close on June 27, 2026.

    5. Tom Thumb debuts 2 new supermarkets in the Dallas area. Venerable supermarket chain Tom Thumb is celebrating the opening of two new stores in the Dallas area.

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