Richest Texans

DFW billionaire retains crown as richest person in Texas for 2019, Forbes says

Alice Walton is the richest of the rich.

Photo courtesy of Wal-Mart

Walmart heiress Alice Walton of Fort Worth remains the richest person in Texas, according to the newly released Forbes 400 ranking. What’s really astounding, though, is that her estimated net worth skyrocketed by more than $6 billion in just one year.

Forbes pegged Walton’s estimated net worth at $51.4 billion, making her the 11th richest person in the country and the richest person in the Lone Star State. When Forbes published its 2018 ranking of America’s billionaires, her net worth stood at $44.9 billion. Between 2018 and 2019, that’s a difference of $6.5 billion. By comparison, Forbes estimates the entire net worth for pipeline heiress Randa Duncan Williams of Houston, who recently bought Texas Monthly magazine, at $6.3 billion.

Behind Walton among Texas’ wealthiest residents is Michael Dell of Austin. The founder, chairman, and CEO of Round Rock-based Dell Technologies notches a net worth of $32.3 billion, according to Forbes. That puts him at No. 18 on the list of America’s billionaires.

Holding down third place in Texas and 48th place in the U.S. is Dallas banker and real estate titan Andy Beal, with an estimated net worth of $9.8 billion.

This year, Dallas Cowboys owner Jerry Jones got muscled out of the No. 4 spot in Texas by Stan Kroenke, whose professional sports holdings include the NFL’s Los Angeles Rams.

The estimated net worth of Kroenke, who owns a 520,000-acre ranch west of Wichita Falls, is $9.7 billion, compared with $8.6 billion for Jones. That puts Kroenke in 49th place among the richest Americans. Kroenke, whose residence previously had been listed as Columbia, Missouri, bought the ranch in 2016; the list price was $725 million.

With Kroenke’s apparent relocation to Texas, Jones dropped this year to No. 5 on the list of the richest Texans and No. 56 among the richest Americans.

By the way, Kroenke’s wife, Walmart heiress Ann Walton Kroenke — also now apparently a Texan, according to Forbes — is tied for sixth place in the ranking of Texas billionaires. She shares that spot with Houston pipeline mogul Richard Kinder. Forbes estimates they’re each worth $7.5 billion, putting them both at No. 67 on the national wealth ladder.

Besides Jones and Beal, Walton keeps company in North Texas with fellow billionaires Robert Rowling, Ray Lee Hunt, Kelcy Warren, Margot Birmingham Perot, Mark Cuban, Trevor Rees-Jones, W. Herbert Hunt, Ray Davis, Gerald Ford, H. Ross Perot Jr., David Bonderman, and four members of the famous Bass family — Edward, Robert, Sid, and Lee.

Here's a closer look at Texans who made it onto this year’s Forbes 400, in order of ranking:

The aforementioned Randa Duncan Williams and her siblings Dannine Avara, Scott Duncan, and Milane Frantz, all of whom live in Houston. Each boasts an estimated net worth of $6.3 billion, tying them for the eighth place in Texas and 100th place nationally.
Omni Hotels and Gold’s Gym king Robert Rowling of Dallas. $5.5 billion. No. 12 in Texas. Tied for No. 119 in U.S.
Oil and gas heir Ray Lee Hunt of Dallas. $5.2 billion No. 13 in Texas. No. 127 in U.S.
Venture capital entrepreneur Robert Smith of Austin. $5 billion. No. 14 in Texas. Tied for No. 131 in U.S.
Oil heir Robert Bass of Fort Worth. $4.9 billion. Tied for No. 15 in Texas and No. 140 in U.S.
Restaurant mogul and Houston Rockets owner Tilman Fertitta of Houston. $4.9 billion. Tied for 15th in Texas and No. 140 in U.S.
Pipeline executive Kelcy Warren of Dallas. $4.3 billion. No. 17 in Texas. Tied for No. 159 in U.S.
Vodka tycoon Bert “Tito” Beveridge of Austin. $4.2 billion. Tied for No. 18 in Texas and No. 168 in U.S.
Margot Birmingham Perot of Dallas, widow of tech entrepreneur H. Ross Perot. $4.2 billion. Tied for No. 18 in Texas and No. 168 in U.S.
Tech entrepreneur and Dallas Mavericks owner Mark Cuban of Dallas. $4.1 billion. No. 20 in Texas. Tied for No. 179 in U.S.
Toyota titan Dan Friedkin of Houston. $4 billion. Tied for No. 21 in Texas. Tied for No. 187 in U.S.
Houston Texans co-founder Janice McNair of Houston, widow of businessman and Texans co-founder Bob McNair. $4 billion. Tied for No. 21 in Texas and No. 187 in U.S.
Energy executive Jeffery Hildebrand of Houston. $3.8 billion. No. 23 in Texas. Tied for No. 207 in U.S.
Private equity giant David Bonderman of Fort Worth. $3.7 billion. Tied for No. 24 in Texas and No. 217 in U.S.
Oil and gas chief Trevor Rees-Jones of Dallas. $3.7 billion. Tied for No. 24 in Texas and No. 217 in U.S.
Former hedge fund manager John Arnold of Houston. $3.3 billion. No. 26 in Texas. No. 261 in U.S.
Investor and oil heir Sid Bass of Fort Worth. $3.1 billion. Tied for No. 27 in Texas and No. 275 in U.S.
John Paul DeJoria of Austin. $3.1 billion. Tied for No. 27 in Texas and No. 275 in U.S.
Tech entrepreneur Thai Lee of Austin. $3 billion. Tied for No. 29 in Texas and No. 287 in U.S.
Software entrepreneur Joe Liemandt of Austin. $3 billion. Tied for No. 29 in Texas and No. 287 in U.S.
Oil heir W. Herbert Hunt of Dallas. $2.6 billion. Tied for No. 31 in Texas and No. 333 in U.S.
Investor and former grocery distributor Drayton McLane Jr. of Temple. $2.6 million. Tied for No. 31 in Texas and No. 333 in U.S.
Hearing-aid titan Bill Austin of Brownsville. $2.4 billion. Tied for No. 33 in Texas and No. 355 in U.S.
Energy mogul George Bishop of The Woodlands. $2.4 billion. Tied for No. 33 in Texas and No. 355 in U.S.
Energy entrepreneur and Texas Rangers co-owner Ray Davis of Dallas. $2.3 billion. Tied for No. 35 in Texas and No. 363 in U.S.
Big-time banker Gerald Ford of Dallas. $2.3 billion. Tied for No. 35 in Texas and No. 363 in U.S.
Oil heir Edward Bass of Fort Worth. $2.2 billion. Tied for No. 37 in Texas and No. 370 in U.S.
Oil heir Lee Bass of Fort Worth. $2.2 billion. Tied for No. 37 in Texas and No. 370 in U.S.
Real estate developer H. Ross Perot Jr. of Dallas. $2.2 billion. Tied for No. 37 in Texas and No. 370 in U.S.
Private equity entrepreneur Brian Sheth of Austin. $2.2 billion. Tied for No. 37 in Texas and No. 370 in U.S.

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Crime & punishment

SMU and KC Chiefs star Rashee Rice sentenced for Dallas high-speed crash

Courtesy photo

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DALLAS (AP) — Kansas City Chiefs wide receiver Rashee Rice was sentenced to 30 days in jail on Thursday, July 17 after authorities said he and another speeding driver caused a chain-reaction crash that left multiple people injured on a Dallas highway last year.

The Dallas County District Attorney’s Office said Rice pleaded guilty to two third-degree felony charges of collision involving serious bodily injury and racing on a highway causing bodily injury in the March 30, 2024, crash. As part of a plea agreement, Rice was sentenced to five years of deferred probation and 30 days in jail as a condition of his probation, prosecutors said.

The judge will allow Rice, 25, to find a time or times to serve the jail sentence, a spokesperson for the district attorney's office said.

Prosecutors said he was also required to pay the victims for their out-of-pocket medical expenses, which totaled about $115,000.

Rice was driving a Lamborghini Urus SUV at 119 mph (191 kph) when he made “multiple aggressive maneuvers around traffic” and struck other vehicles, prosecutors said. Prosecutors said that after the crash on North Central Expressway, Rice failed to check on the welfare of those in the other vehicles and fled on foot.

The accident was caught on a dashcam video by motorist Bill Nabors.

The news release from prosecutors included a statement from Rice that was released by his attorney. Rice said in the statement that he's had “a lot of sleepless nights thinking about the damages that my actions caused, and I will continue working within my means to make sure that everyone impacted will be made whole.”

“I am profoundly sorry for the physical damages to person and property,” Rice said in the statement. “I fully apologize for the harm I caused to innocent drivers and their families.”

Brian McCarthy, the NFL’s vice president of communication, said in a statement, “We have been closely monitoring all developments in the matter which remains under review."

The Chiefs said Thursday that they did not have a comment.

Rice was leasing the Lamborghini that police said was speeding along with a Corvette when the crash occurred. Rice's attorney has said that the Corvette belonged to Rice. The driver of the Corvette, who police said also left the scene, was also charged in the crash. The status of that case was not immediately clear on Thursday.

Rice, a member of the Super Bowl-winning Chiefs team, is from the Dallas area. He played for SMU in Dallas and grew up in the Fort Worth suburb of North Richland Hills. Rice was selected by the Chiefs in the second round of the 2023 NFL Draft and has caught nine touchdowns in his two seasons with Kansas City.

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AP Sports Writer Dave Skretta contributed to this report from Kansas City, Missouri. It includes archived material from CultureMap.

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