Richest in Dallas
Forbes says it's harder than ever to make the list of the 400 Richest Americans. The cut-off point for this year's list, released September 29, is $1.7 billion, the highest it’s been in the 33 years that the magazine has tracked American wealth.
Even so, 36 Texans made the list. However, most of the Texans dropped down on the list, largely due to the fall in energy stocks and the rise of high-tech entrepreneurs with higher net worths.
In Dallas, 12 billionaires made the list, led by college-dropout-turned-investor Andrew Beal at No. 42. Although Beal has a net worth of $10.9 billion, he lost more than $1.2 billion from last year, when he was No. 38, with a net worth of $12.1 billion. Other Dallasites on the list including the following:
- No. 76: Robert Rowling, investor, $6.1 billion
- No. 83: Ray Lee Hunt, oil/real estate, $5.6 billion
- No. 86: Kelcy Warren, pipelines, $5.5 billion
- No. 90: Trevor Reese-Jones, oil and gas, $5.3 billion
- No. 94: Jerry Jones, Dallas Cowboys owner, $5 billion
- No. 138: H. Ross Perot, computer services/real estate, $4 billion
- No. 211: Mark Cuban, Dallas Mavericks owner, $3 billion
- No. 211: Ray Davis, pipelines, $3 billion
- No 293: W. Herbert Hunt, oil, $2.3 billion
- No. 327: Gerald Ford, banking, $2.1 billion
Fort Worth billionaires
Fort Worth resident Alice Walton led all Texans on the list at No. 12, with an estimated net worth of $32 billion. She, too, dropped several places from last year's list, when she was at No. 9, with an estimated net worth of $34.9 million.
Others from Fort Worth on the list are Robert Bass (No. 211, net worth $3 billion, oil/investments); David Bonderman (No. 256, $2.6 billion, private equity); Edward Bass, Lee Bass, and Sid Bass (tied at No. 342, $2 billion each, private investments); and Timothy Headington (No. 358, $1.9 billion, oil and gas and investments).
Leading the list of Houstonians once again is Rich Kinder at No. 52, with an estimated net worth of $8.9 billion. But Kinder's wealth declined nearly $2 billion from last year, when he was ranked No. 41, with a net worth of $10.7 billion.
Other Houstonians on the list:
- No. 73: Jeffrey Hildebrand, oil, $6.3 billion
- No. 94: Dannine Avavara, pipelines, $5 billion
- No. 94: Scott Duncan, pipelines, $5 billion
- No. 94: Milane Frantz, pipelines, $5 billion
- No. 94: Randa Williams, pipelines, $5 billion
- No. 164: Dan Friedkin, owner/CEO Gulf States Toyota, $3.6 billion
- No. 194: Bob McNair, Houston Texans owner, $3.3 billion
- No. 227: John Arnold, founder Centaurus Advisors, $2.9 billion
- No. 279: George Bishop, oil, $2.4 billion
- No. 293: Tilman Fertitta, chairman/CEO Fertitta Entertainment, $2.3 billion
- No. 372: Fayez Sarofim, investor, $1.85 billion
Austin's richest individual, computer magnate Michael Dell, rose to No. 23 on the list. His net worth is estimated at $19.1 billion, up from $17.7 billion (and No. 25 ranking) a year ago. John Paul DeJoria comes in at No. 234. The hair care and tequila mogul is worth an estimated $2.8 billion.
Austin-based investor Robert Smith ranks No. 268, with an estimated $2.5 billion. Smith is one of the few African-Americans on the entire list.
The rest of the state
San Antonio supermarket owner Charles Butt is ranked No. 44, with a net worth of $10.7 billion. Former Houston Astros owner Drayton McLane Jr., who lives in Temple, rounds out the Texans on the list at No. 375, with a net worth of $1.8 billion.