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    The Forbes 400

    19 Dallas-Fort Worth billionaires land on Forbes' 2023 list of richest Americans

    Amber Heckler
    Oct 10, 2023 | 10:06 am
    Mark Cuban

    Mavericks owner Mark Cuban's fortune went up this year.

    Photo by Tim Heitman/Getty Images

    Austin's Elon Musk and Michael Dell are the richest people in Texas, but Dallas-Fort Worth billionaires are not far behind, according to the new Forbes 400, a list of the 400 richest people in the United States for 2023.

    Walmart heiress Alice Walton of Fort Worth is the third-richest Texan, the most affluent person in DFW, and the wealthiest woman in America, Forbes says.

    "Walton, who had been the nation’s wealthiest woman for seven years before 2022, added $10.8 billion to her fortune since last year after a 26 percent rise in Walmart stock," the report says. "[Julia] Koch, who got a $3.8 billion wealthier, is now the second-richest woman in the country, worth an estimated $59.8 billion."

    According to Forbes, Walton's net worth in 2023 is estimated at $66.5 billion, which is much closer to her 2021 net worth of $67.9 billion. Walton, 74, the only daughter of Walmart founder Sam Walton, now focuses primarily on her Crystal Bridges Museum of American Art in Bentonville, Arkansas, but Forbes lists her place of residence as Fort Worth.

    Forbes' list, published October 3, is a definitive ranking of the wealthiest Americans, using interviews, financial data, and documentation provided by billionaires and their companies.

    According to the report, America's elite class is now worth $4.5 trillion total, which ties a record previously set in 2021.

    Unsurprisingly, Musk ranks No. 1 nationally, with a net worth of $251 billion.

    Here's how the rest of Dallas-Fort Worth's billionaires fared on this year's list:

    • Banking and real estate mogul Andy Beal of Dallas holds the No. 50 spot nationally. His estimated net worth is $13.8 billion. Last year: $10.3 billion.
    • Dallas Cowboys owner Jerry Jones of Dallas sits at No. 48 in the U.S. with an estimated net worth of $14.5 billion. Last year: $16 billion.
    • Money manager Ken Fisher of Dallas ranks 144th nationally with an estimated net worth of $7.1 billion. Last year: $6.3 billion.
    • Oil and real estate titan Ray Lee Hunt of Dallas ties for No. 140 nationally with an estimated net worth of $7.2 billion. Last year: $5.7 billion.
    • Oil and investment mogul Robert Bass of Fort Worth ties for 204th nationally with an estimated net worth of $5.3 billion. Last year: $4.9 billion.
    • Private equity kingpin David Bonderman of Fort Worth ranks No. 184 nationally with an estimated net worth of $5.7 billion. Last year: $6.5 billion.
    • Media magnate and Dallas Mavericks owner Mark Cuban of Dallas ranks 211th nationally with an estimated net worth of $5.2 billion. Last year: $4.6 billion.
    • Oil and gas honcho Trevor Rees-Jones of Dallas ties for 227th nationally with an estimated net worth of $4.9 billion. Last year: $4 billion.
    • Oil baron W. Herbert Hunt of Dallas ties for 227th nationally with an estimated net worth of $4.9 billion. Last year: $4 billion.
    • Hotel and investment guru Robert Rowling of Dallas ties for 123rd nationally with an estimated net worth of $7.5 billion. Last year: $4.8 billion.
    • Margot Birmingham Perot of Dallas, widow of tech and real estate entrepreneur H. Ross Perot Sr., ties for 227th nationally with an estimated net worth of $4.9 billion. Last year: $4.5 billion.
    • Oil and gas tycoon Kelcy Warren of Dallas ties for No. 192 nationally with an estimated net worth of $5.6 billion. Last year: $4.6 billion.
    • Real estate bigwig H. Ross Perot Jr. of Dallas ties for No. 304 nationally with an estimated net worth of $3.7 billion. Last year: $2.8 billion.
    • Homebuilder Donald Horton and family of Fort Worth rank 249th nationally with an estimated net worth of $4.6 billion. Last year: unlisted, but an estimated net worth of $2.9 billion in 2021.
    • Oil and gas magnate Ray Davis of Dallas ties for No. 395 nationally with an estimated net worth of $2.9 billion. Last year: unlisted, but an estimated net worth of $2.3 billion in 2019.
    • Private equity firm cofounder Carl Thoma ranks No. 326 nationally with an estimated net worth of $3.5 billion. Last year: $3.3 billion.
    • Oil heir Sid Bass ranks 291st nationally with an estimated net worth of $3.9 billion. Last year: $3.7 billion.
    • Airplane leasing industry founder Steven Udvar-Hazy of Westlake ranks No. 278 nationally with an estimated net worth of $4.1 billion. Last year: $3.8 billion.
    400 richest peopleAlice WaltonForbesJerry Jonesbillionairesreports
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    Hottest headlines of 2025

    The 10 hottest CultureMap stories that had Dallas talking in 2025

    Stephanie Allmon Merry
    Dec 31, 2025 | 11:30 am
    Flower Mound is known for its outdoorsy offerings in places like Stone Creek
Park.
    Facebook/Flower Mound Parks and Recreation
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    Editor's note: What was Dallas reading this year? Let's take a look. We've already covered the hottest headlines in dining, arts & entertainment, real estate, society, and city life, as well as the year's best and worst movies. Now we turn our attention to the most-read stories of all.

    This year, news about suburbs dominated our list; readers clamored to know which local cities were both the wealthiest and most affordable, the most "livable," and the best for working from home. They were also eager to keep up with local billionaires. And, of course, everyone wanted to know which restaurants had the most coveted reservations in town.

    Here, we present the most-read stories of 2025 in Dallas:

    1. Dallas-Fort Worth suburb blooms as No. 1 best place to live in U.S. One Dallas-area city took the top slot on a list of "the 100 Best Places to Live in 2025." The list — from relocation marketing platform Livability.com — put Flower Mound at No. 1 for its appealing size and affordability.

    2. Blooming Dallas suburb ranks as America's 7th most livable small city. Similarly, Flower Mound also claimed the No. 7 spot in a ranking of America's most livable small cities for 2025.

    3. North Dallas neighbor ranks as No. 1 most affordable city in U.S. A Dallas suburb landed on top of a list of the most affordable places to live: McKinney ranked No. 1 based on its relative cost of living and high median household income.

    4. The 2 Dallas restaurants where reservations are now impossible to get. Cafe Dior by Dominque Crenn is the restaurant inside the new Dior boutique in Highland Park Village, which opened at the start of the year. Zodiac Room is the about-to-close restaurant inside the storied downtown location of Neiman Marcus, which has had several imminent closure scares but now states it will remain open past the 2025 holidays.

    Dior Cafe interior Cafe Dior was a hard-to-get reservation when it opened in Dallas. SevenRooms

    5. 27 Dallas billionaires land on new Forbes list of world's richest people. More billionaires have made it onto the 2025 World's Billionaires List than ever before, according to Forbes. This year, 27 Dallas billionaires are among the richest people in the world, including Elaine Marshall, Lyndal Stephens Greth, and Jerry Jones.

    6. 5 Dallas high schools rank among America's best in 2025, per U.S. News. Five prestigious Dallas-area high schools are living up to their reputations for top-tier education after being ranked among the best high schools in the country, according to U.S. News and World Report's annual rankings.

    Dallas ISD The School for the Talented and Gifted The School for the Talented and Gifted in Dallas ISD is the 9th best high school in the country, and the top high school in Texas. tagmagnet.dallasisd.org/

    7. Techy Dallas suburb is No. 1 hot spot for remote workers in U.S. A SmartAsset survey of cities with the biggest remote workforces has revealed Frisco is the No. 1 city with the highest share of remote workers in the nation. The study found over 40,000 Frisco residents work from home, which is more than a third of all of the city's workers aged 16 and older (117,193 total workers).

    8. 3 affluent Dallas neighbors dominate new list of wealthiest U.S. suburbs. Three well-to-do Dallas-area communities — University Park, Southlake, and Colleyville — are among the wealthiest suburbs in America in 2025, a report confirmed. The three affluent Dallas neighbors were lauded in GoBankingRates ranking of the 50 wealthiest U.S. suburbs, based on 2022 and 2023 average household income data sourced from the U.S. Census Bureau.

    9. Dallas Caramel Company founder Rain McDermott dies at 52. Dallas entrepreneur Rain McDermott, who founded artisan caramel maker Dallas Caramel Company when she was only 34 years old, died in June after a battle with breast cancer; she was 52.

    Rain McDermott Dallas Caramel Company founder Rain McDermott Courtesy

    10. Award-winning Dallas burger joint opens location in Forney. Blues Burgers is from Howard and Catherine Baldwin, who opened the original Blues Burgers near Love Field in Dallas in 2014 (it closed in February 2025 so they could focus on this venture). They use Angus beef for their burgers, and make their own sauces and spreads in-house. They fry in beef tallow, and their sodas are made with cane sugar, not high-fructose corn syrup. They also do fried pies, made in house.

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