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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.
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    Higher education news

    University of North Texas cuts 70+ academic programs amid $45M deficit

    Associated Press
    Mar 23, 2026 | 2:52 pm
    UNT, University of North Texas
    Facebook/UNT
    UNT is cutting programs to close a budget shortfall.

    The University of North Texas is cutting or consolidating more than 70 academic programs, minors and certificates — including phasing out its linguistics degrees and eliminating a women’s and gender studies master’s program — as it works to close a projected $45 million budget shortfall.

    The cuts are the first indication of how UNT plans to close the deficit, which it says was driven largely by a sharp decline in international enrollment — students who typically pay a significantly higher tuition — and reduced state funding. Last month, university leaders warned that program consolidations, faculty buyouts, and higher teaching loads were likely.

    In a message to faculty and staff Thursday, March 19, UNT President Harrison Keller and Provost Michael McPherson said the most significant change will be to phase out all linguistics degree programs and merge the department with the Department of World Languages, Literatures and Cultures.

    UNT is also cutting a bachelor’s degree in Latino and Latin American studies and a master’s program in women’s and gender studies, along with 25 undergraduate minors and more than 40 certificate programs.

    The minors being eliminated include women’s and gender studies, LGBTQ studies, Mexican American studies, Africana studies, Asian studies, as well as dance, geology and special education.

    The cuts come amid a broader political climate in which Texas public universities have faced pressure from state Republican leaders and conservative activists to limit teaching about gender, race, and sexuality.

    Last fall, the UNT System, like other public university systems in the state, ordered a review of its courses. Some university systems said the reviews were meant to ensure compliance with an executive order from President Donald Trump, a directive from Gov. Greg Abbott and House Bill 229, all of which recognize only two sexes, male and female, though none explicitly bans teaching gender-related topics.

    The UNT System did not cite a specific law when it ordered its review.

    It’s unclear if that review has been completed, what the results were and if it factored into the decision to cut areas of study.

    Earlier this year, Texas A&M eliminated its women’s and gender studies program, while the University of Texas at Austin and the University of Texas at San Antonio moved to consolidate programs focused on race, gender and ethnicity.

    Keller and McPherson said the decisions followed a “careful review.” They said the linguistics department has seen declining enrollment since 2021, along with higher instructional costs and lower “time to value,” and that the merger will take effect Sept. 1.

    They said the master’s programs being cut enrolled an average of 15 or fewer students over the past five years, while the undergraduate minors had 20 or fewer students since 2021 and certificate programs had fewer than two students per year.

    Students enrolled in affected programs will be able to complete their degrees, but new students will no longer be admitted.

    “We must adapt to meet the changing needs of our students, employers and communities across Texas and beyond, especially by providing degree and credential pathways that translate into opportunities beyond graduation,” they wrote.

    William Salmon, chair of the linguistics department, told The Texas Tribune that faculty learned of the decision around 3 pm Thursday.

    “And we weren’t consulted on the matter at all,” he said.

    Salmon declined to elaborate further, saying he was focused on supporting students and faculty and “answering the many questions coming in.”

    University officials did not immediately respond to detailed questions Friday from the Tribune, including how much money the cuts are expected to save or how faculty and staff positions will be affected. They also did not explain how they measured “time to value” or why some programs were eliminated while others were merged.

    Last month, UNT offered buyouts to faculty with at least 15 years of service. Applications are due by April 10. University officials have not said how many faculty members have applied or been approved, or whether layoffs could follow if desired reductions are not met.

    UNT is also planning to move more lectures online in response to the budget shortfall. Beginning this fall, more than 40 courses will shift to a model where lectures are delivered online and students attend weekly in-person sessions in smaller groups focused on discussion and problem-solving.

    It’s not yet clear the total number of students enrolled in the affected programs or how long required courses will continue to be offered.

    Grace Youngberg, a third-year linguistics major, said she was shocked and felt “disrespected” by the decision and lack of prior notice.

    She had planned to attend graduate school at UNT and pursue a career in forensic linguistics, applying language analysis in legal settings to help people better understand and communicate in court proceedings.

    Now, she said, she may have to look elsewhere to continue her studies.

    Youngberg also questioned the university’s emphasis on “time to value.”

    “Putting a monetary value on education to begin with is closed-minded,” she said, adding that there is a need for linguists even if the field is not the highest paying.

    Nearly 47,000 students attend the Denton university.

    ---

    This story was originally published by The Texas Tribune and distributed through a partnership with The Associated Press.

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