Nineteen Dallas-Fort Worth billionaires have landed on Forbes' prestigious list of the 400 richest Americans in 2025. And it's been a good year for this elite club: America's wealthiest billionaires are $1.2 trillion richer in 2025, bringing their collective worth to a staggering $6.6 trillion.
The annual Forbes 400 list is a definitive ranking of the wealthiest Americans, using interviews, financial data, and documentation provided by billionaires and their companies.
"It’s been a year unlike any we’ve seen in the four decades we’ve tracked America’s billionaire class,” said Forbes senior editor Chase Peterson-Withorn in a press release. "The super-rich at the very top are richer than ever — and between the White House and the booming stock market, they’re as powerful as they’ve ever been."
The richest Dallas resident in 2025, according to Forbes, is Elaine Marshall and her family, who are stakeholders of Koch Inc., a multinational conglomerate corporation. Marshall, 83, inherited her late husband's 16 percent stake in the company after he died in 2006.
The publication estimates her net worth at $30.9 billion (up from $28.3 billion last year) and Forbes proclaims her as the 8th richest woman in America, the fourth richest Texan, and the second richest billionaire in DFW. She also appears in Forbes' separate list of the world's richest billionaires.
Fort Worth's Walmart heiress Alice Walton is the richest woman in America, and the richest billionaire in all of Dallas-Fort Worth, and she simultaneously holds the title as the richest woman in the world.
Fort Worth's Alice Walton is the wealthiest woman in America - and in the world. Getty Images
Walton's estimated net worth has risen to $106 billion this year, up from her 2024 net worth of $89.2 billion. Forbes says she is the first female centibillionaire (a person with a 12-digit fortune) in America. Now that's wealth.
Here's how the rest of Dallas-Fort Worth's billionaires fared on this year's list:
- Endeavor Energy Resources chairman Lyndal Stephens Greth and her family rank No. 35 nationwide with an estimated net worth of $27.4 billion. Last year: $32.3 billion.
- Dallas Cowboys owner Jerry Jones of Dallas sits at No. 50 in the U.S. with an estimated net worth of $19.6 billion. Last year: $15.2 billion.
- Money manager Ken Fisher of Dallas ranks 86th nationally (for the second consecutive year) with an estimated net worth of $13.2 billion. Last year: $11.2 billion.
- Banking and real estate mogul Andy Beal of Dallas holds the No. 101 spot nationally. His estimated net worth is $12 billion, unchanged from 2024.
- Hotel and investment guru Robert Rowling of Dallas ranks 149th nationally with an estimated net worth of $8.8 billion. Last year: $8.6 billion.
- Gas tycoon Kelcy Warren of Dallas ties for No. 192 nationally with an estimated net worth of $7.5 billion. Last year: $6.7 billion.
- Oil and real estate titan Ray Lee Hunt and real estate bigwig H. Ross Perot Jr. of Dallas tie for No. 224 nationally with an estimated net worth of $6.5 billion. Last year: $6.9 billion and 4.6 billion, respectively.
- Oil and investment mogul Robert Bass of Fort Worth ranks 244th nationally with an estimated net worth of $6.1 billion. Last year: $5.9 billion.
- Media magnate and Cost Plus Drugs cofounder Mark Cuban of Dallas ranks No. 246 nationally with an estimated net worth of $6 billion. Last year: $5.7 billion.
- Margot Birmingham Perot of Dallas, widow of tech and real estate entrepreneur H. Ross Perot Sr., and private equity firm cofounder Carl Thoma tie for No. 264 nationally with an estimated net worth of $5.7 billion. Last year: $5.3 billion and $4.4 billion, respectively.
- Oil and gas honcho Trevor Rees-Jones of Dallas ties for 255th nationally with an estimated net worth of $5.9 billion. Last year: $5.1 billion.
- Airplane leasing industry founder Steven Udvar-Hazy of Westlake ranks No. 339 nationally with an estimated net worth of $4.5 billion. Last year: $4.4 billion.
- Oil heir Sid Bass of Fort Worth and oil and gas magnate Ray Davis of Dallas tie for No. 389 nationally with an estimated net worth of $3.8 billion. Last year: $3.7 billion and $3.5 billion, respectively.
Jerry Jones saw his fortune go up this year. Photo by Matt Winkelmeyer/Getty Images
New to the list is biotech billionaire David Dean Halbert of Colleyville. Halbert, 69, earned his billionaire status after his diagnostics firm, Caris Life Sciences, went public on the Nasdaq in June. Forbes estimates his net worth at $4.9 billion.
Missing from the 2025 list is David Bonderman of Fort Worth, who died in December 2024. Bonderman, 82, was a founding partner of private equity firm TPG, was a board member of The Wilderness Society, and had a net worth of $6.4 billion.
In all, 43 billionaires across Texas made it on the 2025 Forbes 400 list.
Unsurprisingly, the richest person in America in 2025 is Austin-based Elon Musk. Musk, 54, saw his net worth skyrocket to $428 billion this year, or $184 billion more than his 2024 net worth. He claimed the No. 1 spot for the fourth time.
