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Pandemic be damned

14 Dallas-Fort Worth billionaires bank spots on Forbes' 2020 list of richest Americans

John Egan
Sep 10, 2020 | 2:13 pm
Mark Cuban
Mark Cuban's wealth increased this year.
Photo courtesy of Dallas Mavericks

Walmart heiress Alice Walton of Fort Worth has retained her status as the richest Texan and America’s richest woman in 2020, with a net worth estimated this year at $62.3 billion. That compares with $51.4 billion in 2019.

This, according to the 2020 edition of the Forbes 400, which ranks the 400 richest Americans and was released September 8. (See their methodology here.)

Walton moved up from No. 11 last year to No. 10 this year in the Forbes ranking of the richest Americans.

"Pandemic be damned: America’s 400 richest are worth a record $3.2 trillion, up $240 billion from a year ago, aided by a stock market that has defied the virus," Forbes writes.

From 2019 to 2020, Walton’s net worth jumped by $10.9 billion. To give you an idea of how much money that is, the size of the economy in Africa’s Republic of Congo totaled $10.8 billion in 2019. Walton’s entire net worth is slightly more than the size of the Costa Rican economy (nearly $61.8 billion in 2019).

All around Dallas-Fort Worth, the richest-of-the-rich list looks similar to recent years. Here's how local billionaires rank nationally in 2020 and how their wealth has fared:

Dallas-Fort Worth:

  • Dallas Cowboys owner Jerry Jones — $8.6 billion, No. 56. Last year: $8.6 billion.
  • Dallas banker and real estate investor Andy Beal — $7.6 billion, No. 67. Last year: $9.8 billion.
  • Fort Worth oil and gas heir Robert Bass — $4.8 billion, No. 139. Last year: $4.9 billion.
  • Dallas oil and gas heir Ray Lee Hunt — $4.6 billion, No. 154. Last year: $5.2 billion.
  • Dallas Mavericks owner Mark Cuban — $4.2 billion, No. 177. Last year: $4.1 billion.
  • Margot Birmingham Perot, widow of Dallas tech entrepreneur Ross Perot — $4 billion, No. 186. Last year: $4.2 billion.
  • Fort Worth private equity titan David Bonderman — $4 billion, No. 186. Last year: $3.7 billion.
  • Omni Hotels and Gold’s Gym king Robert Rowling of Dallas — $3.9 billion, No. 197. Last year: $5.5 billion.
  • Oil and gas chief Trevor Rees-Jones of Dallas — $3.5 billion, No. 228. Last year: $3.7 billion.
  • Dallas pipeline executive Kelcy Warren — $2.8 billion, No. 299. Last year: $4.3 billion.
  • Dallas real estate honcho H. Ross Perot Jr. — $2.5 billion, No. 339. Last year: $2.2 billion.
  • Fort Worth oil heir Sid Bass — $2.3 billion, No. 359. Last year: $3.1 billion.
  • Dallas banker Gerald Ford — $2.1 billion, No. 391. Last year: $2.3 billion.

Here’s the regional breakdown for Texas’ remaining Forbes 400 billionaires.

Austin:

  • Michael Dell, tech magnate — $35.6 billion, No. 18. Last year: $32.3 billion.
  • Robert Smith, private equity entrepreneur — $6.2 billion, No. 125. Last year: $5 billion.
  • Bert “Tito” Beveridge, vodka tycoon — $4.6 billion, No. 154. Last year: $4.2 billion.
  • Thai Lee, tech entrepreneur — $3.1 billion, No. 268. Last year: $3 billion.
  • Joe Liemandt, software entrepreneur — $3 billion, No. 278. Last year: $3 billion.
  • John Paul DeJoria, hair care and tequila mogul — $2.7 billion, No. 319. Last year: $3.1 billion.
  • Jim Breyer, venture capitalist — $2.4 billion, No. 353. Last year: $2.5 billion. (Breyer recently relocated from Silicon Valley to Austin).
  • Brian Sheth, private equity entrepreneur — $2.3 billion, No. 359. Last year: $2.2 billion.

Of note, in just one year, Dell’s net worth soared by $3.3 billion — more than the entire net worth of fellow Austin billionaire Thai Lee. The chairman and CEO of the Round Rock-based tech company that bears his name is Austin's richest resident.

Houston:

  • Houston pipeline mogul Richard Kinder — $6.2 billion, No. 103. Last year: $7.5 billion.
  • Pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams — $4.8 billion each, No. 139. Last year: $6.3 billion.
  • Houston Rockets owner and restaurant kingpin Tilman Fertitta — $4.1 billion, No. 181. Last year: $4.9 billion.
  • Toyota titan Dan Friedkin of Houston — $4.1 billion, No. 181. Last year: $4 billion.
  • Houston Texans co-founder Janice McNair — $3.9 billion, No. 197. Last year: $4 billion.
  • Houston energy executive Jeffery Hildebrand — $3.6 billion, No. 222. Last year: $3.8 billion.
  • Former hedge fund manager John Arnold of Houston — $3.3 billion, No. 249. Last year: $3.3 billion.

Elsewhere in Texas:

  • Walmart heiress Ann Walton Kroenke — $8.4 billion, No. 58. Last year: $7.5 billion.
  • Real estate, sports, and entertainment big shot Stan Kroenke — $8.3 billion, No. 59. Last year: $9.7 billion. (The Kroenkes live on a massive ranch near the North Texas town of Vernon.)
  • Investor and former grocery distributor Drayton McLane Jr. of Temple — $2.8 billion, No. 299. Last year: $2.6 billion. McLane is former owner of the Houston Astros.
  • Hearing-aid mogul Bill Austin of Brownsville — $2.2 billion, No. 378. Last year: $2.4 billion.
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This Week's Hot Headlines

State Fair of Texas adds 40 crazy new foods and more popular stories

CultureMap Staff
Sep 12, 2026 | 10:00 am
Texas Brisket Pierogies, new foods at the 2026 State Fair of Texas
Photo courtesy of State Fair of Texas
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Editor's note: It's time to look back at the top Dallas news of the week, from State Fair fun to a very sudden shutter. Plus, we round up the best Dallas happy hours right now. Read on for our most popular stories, then plan your weekend via this expert guide.

1. State Fair of Texas unleashes 40 new foods and drinks on menu for 2026. State Fair foodies, rejoice: The State Fair of Texas has unveiled a whopping 40 new food and beverage options for attendees to try at this year's big event.

2. Where to drink in Dallas right now: 5 special happy hours for September. This is a most distinguished edition of Where to Drink, bringing news of the best happy hours around. These happy hours are all a little extra, whether it's gourmet chef-driven food, a unique location, or a special Korean twist.

3. Mexican bar and restaurant on Dallas' Ross Ave closes after only 4 months. A Mexican hangout from San Diego has departed Dallas. El Chingon, which served Mexican food, cocktails, and a clubby atmosphere near downtown, closed on September 6 after a mere four months.

High 5 Exchange The High 5 Exchange is coming to Allen in 2027. Facebook/High 5 Exchange Austin

4. High 5 Exchange bowling and entertainment mega-center rolls into Allen. A new family entertainment destination is rolling into Allen, bringing bowling, laser tag, miniature golf, virtual reality, and more. Called High 5 Exchange, the venue has broken ground at 2361 Quail Covey Rd. in The Farm in Allen.

5. Taste of Malaysia restaurant brings rare Asian cuisine to Dallas area. A new restaurant has debuted in Coppell with a cuisine that's relatively rare in Dallas. Called Taste of Malaysia, it's serving authentic Malaysian dishes and flavors — adding another option to Dallas' burgeoning Asian restaurant scene.

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