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    Ranking the rich

    12 Dallas billionaires make Forbes' list of America's richest for 2018

    John Egan
    Oct 3, 2018 | 4:58 pm
    Dallas Cowboys owner Jerry Jones
    Cowboys owner Jerry Jones is worth an estimated $6.9 billion.
    Photo courtesy of Dallas Cowboys

    Many try, but no one, it seems, can topple Walmart heiress Alice Walton of Fort Worth from her perch as the wealthiest person in Texas. In fact, her net worth soared by $6.7 billion from 2017 to 2018, according to the latest Forbes 400 list of the richest Americans.

    The new Forbes 400 ranking puts Walton, with an estimated net worth of $44.9 billion, atop the list of Texas billionaires and at No. 12 nationwide.

    This year, 12 Dallas billionaires land on the Forbes list: Andrew Beal (No. 46), Jerry Jones (No. 75), Robert Rowling (No. 107), Ray Lee Hunt (No. 127, tie), Trevor Rees-Jones (No. 127, tie), Kelcy Warren (No. 136), Ross Perot, Sr. (No. 172), Mark Cuban (No. 190), Gerald Ford (No. 280), Ray Davis (No. 316), W. Herbert Hunt (No. 328), and Ross Perot, Jr. (No. 354).

    Walton is joined by four other Fort Worth billionaires on the list. She also happens to be the country’s and world’s richest woman. Last year, Walton ranked 13th nationwide with an estimated net worth of $38.2 billion, up from $35 billion in 2016 and $32 billion in 2016. From 2017 to 2018 alone, Walton’s net worth jumped nearly 18 percent.

    Not far behind her on this year’s Forbes 400 — at No. 2 in Texas and No. 17 in the U.S. — is Austin tech titan Michael Dell, whose net worth is estimated at $27.6 billion in 2018, up from $23.2 billion last year. He’s chairman and CEO of the Round Rock-based tech company that bears his name.

    For those keeping score, Houston boasts the most billionaires on the Texas list (13), followed by Dallas (12), Fort Worth and Austin (six each), and Brownsville (one). No one from San Antonio appears in this year’s Forbes 400.

    Walton and Dell are the only two Texans among the 20 richest Americans. In all, 38 Texans appear in this year’s Forbes 400. Other than Walton and Dell, they are:

    Andrew Beal
    City: Dallas
    Net worth: $9.9 billion
    U.S. rank: 46
    Source of wealth: Banking, real estate
    Notable: Sold Preston Hollow estate in 2017 for $36.2 million

    Jerry Jones
    City: Dallas
    Net worth: $6.9 billion
    U.S. rank: 75
    Source of wealth: Dallas Cowboys
    Notable: Controls NFL’s most valuable franchise, worth estimated $5 billion

    Richard Kinder
    City: Houston
    Net worth: $6.6 billion
    U.S. rank: 79 (tie)
    Source of wealth: Pipelines
    Notable: Through family foundation, donated $70 million for Houston’s Memorial Park

    Dannine Avara
    City: Houston
    Net worth: $6.2 billion
    U.S. rank: 88 (tie)
    Source of wealth: Pipelines
    Notable: Formerly practiced law

    Scott Duncan
    City: Houston
    Net worth: $6.2 billion
    U.S. rank: 88 (tie)
    Source of wealth: Pipelines
    Notable: Is youngest Texas billionaire on list (age 35)

    Milane Frantz
    City: Houston
    Net worth: $6.2 billion
    U.S. rank: 88 (tie)
    Source of wealth: Pipelines
    Notable: Became billionaire after 2010 death of father Dan Duncan

    Randa Williams
    City: Houston
    Net worth: $6.2 billion
    U.S. rank: 88 (tie)
    Source of wealth: Pipelines
    Notable: Chairs board of family-owned energy company

    Robert Rowling
    City: Dallas
    Net worth: $5.8 billion
    U.S. rank: 107
    Source of wealth: Hotels, investments
    Notable: Donated millions of dollars for law and leadership center at Southern Methodist University

    Ray Lee Hunt
    City: Dallas
    Net worth: $5.3 billion
    U.S. rank: 127 (tie)
    Source of wealth: Oil, real estate
    Notable: Chairs board of family-owned businesses

    Trevor Rees-Jones
    City: Dallas
    Net worth: $5.3 billion
    U.S. rank: 127 (tie)
    Source of wealth: Oil and gas
    Notable: Sold University Park estate in 2018

    Robert Bass
    City: Fort Worth
    Net worth: $5 billion
    U.S. rank: 134 (tie)
    Source of wealth: Oil, investments
    Notable: Chairs board of company seeking to develop first supersonic business jet

    Kelcy Warren
    City: Dallas
    Net worth: $4.9 billion
    U.S. rank: 136 (tie)
    Source of wealth: Pipelines
    Notable: “Flunked out” of University of Texas at Arlington but returned to earn engineering degree

    Tilman Fertitta
    City: Houston
    Net worth: $4.5 billion
    U.S. rank: 153 (tie)
    Source of wealth: Houston Rockets, restaurants, entertainment
    Notable: Bought Rockets in 2017 for $2.2 billion

    Robert Smith
    City: Austin
    Net worth: $4.4 billion
    U.S. rank: 163 (tie)
    Source of wealth: Private equity
    Notable: Paid $59 million for three-story New York penthouse in 2018

    Ross Perot Sr.
    City: Dallas
    Net worth: $4.2 billion
    U.S. rank: 172 (tie)
    Source of wealth: Computer services, real estate
    Notable: Is oldest Texas billionaire on list (age 88)

    Bert “Tito” Beveridge
    City: Austin
    Net worth: $4 billion
    U.S. rank: 179 (tie)
    Source of wealth: Vodka
    Notable: Net worth shot up by 60 percent from 2017 to 2018

    Dan Friedkin
    City: Houston
    Net worth: $4 billion
    U.S. rank: 179 (tie)
    Source of wealth: Toyota dealerships
    Notable: Controls largest private company in Houston

    Jeffery Hildebrand
    City: Houston
    Net worth: $4 billion
    U.S. rank: 179 (tie)
    Source of wealth: Oil
    Notable: Sits on University of Texas System Board of Regents

    Mark Cuban
    City: Dallas
    Net worth: $3.9 billion
    U.S. rank: 190 (tie)
    Source of wealth: Online media
    Notable: Owns Dallas Mavericks and is investor on “Shark Tank”

    Robert McNair
    City: Houston
    Net worth: $3.8 billion
    U.S. rank: 200 (tie)
    Source of wealth: Energy, sports
    Notable: Owns Houston Texans

    Sid Bass
    City: Fort Worth
    Net worth: $3.4 billion
    U.S. rank: 232 (tie)
    Source of wealth: Oil, investments
    Notable: Invested millions of dollars in maker of Blue Bell ice cream

    John Arnold
    City: Houston
    Net worth: $3.3 billion
    U.S. rank: 239 (tie)
    Source of wealth: Hedge funds
    Notable: Donated millions of dollars to help survivors of Hurricane Harvey

    David Bonderman
    City: Fort Worth
    Net worth: $3.3 billion
    U.S. rank: 239 (tie)
    Source of wealth: Private equity
    Notable: Chairs board of low-cost Irish airline Ryanair

    Joseph Liemandt
    City: Austin
    Net worth: $3 billion
    U.S. rank: 271 (tie)
    Source of wealth: Software
    Notable: Drove effort to establish nonprofit Ride Austin ride-hailing service

    Gerald Ford
    City: Dallas
    Net worth: $2.9 billion
    U.S. rank: 280 (tie)
    Source of wealth: Banking
    Notable: Donated $20 million to build football stadium at Southern Methodist University

    Ray Davis
    City: Dallas
    Net worth: $2.6 billion
    U.S. rank: 316 (tie)
    Source of wealth: Pipelines
    Notable: Co-owns Texas Rangers

    John Paul DeJoria
    City: Austin
    Net worth: $2.6 billion
    U.S. rank: 316 (tie)
    Source of wealth: Hair care products, tequila
    Notable: Sold 70 percent stake of Patron tequila brand in 2018 for $5.1 billion

    William F. Austin
    City: Brownsville
    Net worth: $2.5 billion
    U.S. rank: 328 (tie)
    Source of wealth: Hearing aids
    Notable: Named Goodwill Global Ambassador for Ear and Hearing Health in 2017

    Lee Bass
    City: Fort Worth
    Net worth: $2.5 billion
    U.S. rank: 328 (tie)
    Source of wealth: Oil, investments
    Notable: Owns two cattle ranches in South Texas

    George Bishop
    City: The Woodlands
    Net worth: $2.5 billion
    U.S. rank: 328 (tie)
    Source of wealth: Oil and gas
    Notable: Owns ranch in South Texas and golf course near Houston

    W. Herbert Hunt
    City: Dallas
    Net worth: $2.5 billion
    U.S. rank: 328 (tie)
    Source of wealth: Oil
    Notable: Named (with wife Nancy) Les Femmes du Monde’s 2016 Couple of the Year

    Edward Bass
    City: Fort Worth
    Net worth: $2.4 billion
    U.S. rank: 344 (tie)
    Source of wealth: Oil, investments
    Notable: Married longtime girlfriend Sasha Camacho in 2017

    Thai Lee
    City: Austin
    Net worth: $2.3 billion
    U.S. rank: 354 (tie)
    Source of wealth: Information technology
    Notable: Runs one of country’s largest woman-owned businesses

    Drayton McLane Jr.
    City: Houston
    Net worth: $2.3 billion
    U.S. rank: 354 (tie)
    Source of wealth: Walmart, logistics
    Notable: Chairs initiative bringing high-speed “bullet” train to Texas

    Ross Perot Jr.
    City: Dallas
    Net worth: $2.3 billion
    U.S. rank: 354 (tie)
    Source of wealth: Real estate
    Notable: Sold Dallas Mavericks to Mark Cuban in 2000

    Leslie Alexander
    City: Houston
    Net worth: $2.1 billion
    U.S. rank: 383 (tie)
    Source of wealth: Sports
    Notable: Sold Houston Rockets in 2017 for $2.2 billion

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    Animal News

    Hunt County man arrested for animal cruelty to puppy from Dallas

    Teresa Gubbins
    Jun 20, 2025 | 5:33 pm
    Jacob Paul Nichols
    SPCA
    Jacob Paul Nichols arrested for animal cruelty in Hunt County, Texas.

    On Tuesday, June 17, a resident of Greenville, Texas was arrested for animal cruelty after allegedly letting a puppy starve to death.

    According to a release, Jacob Paul Nichols was arrested and charged with Texas Penal Code 42.092, Cruelty to Non-Livestock Animals (b)(1) after allegedly torturing his puppy over a span of several months, causing unjustifiable pain and suffering which ultimately resulted in her death — a felony of the third degree.

    Nichols was located and arrested in Johnson County where he was booked into Johnson County Jail and held on a $200,000 bond.

    On June 6, SPCA of Texas’ Animal Cruelty Investigations (ACI) Unit Chief Investigator was contacted by the ever-diligent Hunt County Sheriff’s Office in reference to a deceased puppy that was discovered inside a dumpster at a Greenville apartment complex.

    The small tan puppy was found lying on her side in a medium-sized crate. She was emaciated and had sharp, overgrown nails.

    An SPCA of Texas Investigator took the puppy to the SPCA's Russell E. Dealey Animal Rescue Center for a forensic necropsy. The exam showed the puppy was 5.5 months old and weighed only 7.6 pounds when she died. She perished due to long-term starvation and dehydration, and had suffered for a prolonged period of time.

    The puppy had a microchip, which revealed that she had been adopted by a Dallas resident from a North Texas animal shelter in January 2025. The puppy, named Sandy, was rehomed to Nichols on February 13 through a rehoming website that allows potential adopters to be screened prior to rehoming. (The release does not identify the adopter or explain why the adopter was dumping the puppy after only a month of ownership.)

    Nichols signed a contract stating that he agreed to “care for the pet in a humane and responsible manner and to provide him/her with clean and adequate shelter, food, water and veterinary care.”

    The SPCA of Texas ACI Unit confirmed with Nichols that the dog had been in his care. Interviews with Nichols and other witnesses revealed evidence that the dog had been neglected over a span of months and left to die in the crate without food or water.

    “No animal deserves to suffer in silence the way this puppy did. The evidence indicates that she was trapped, neglected and ultimately starved to death over a span of months,” said SPCA of Texas’ ACI Unit Chief Investigator Courtney Burns, CAWA. “The level of cruelty in this case is staggering, and the SPCA of Texas and Hunt County Sheriff’s Office are committed to ensuring justice is served.”

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