The Forbes 400

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

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 people Alice Walton Forbes Jerry Jones billionaires reports

closing the gaps

Texas no longer leads U.S. for racial progress, new report says

The Martin Luther King Jr. Community Center in Dallas

The Martin Luther King Jr. Community Center/Facebook

WalletHub's report is released annually ahead of MLK Day.

Texas has been overtaken as the No. 1 state that has made the most racial progress, according to a new study.

The Lone Star State led the nation in 2025, but now ranks in third place behind Georgia (No. 1) and Mississippi (No. 2). It also ranked No. 5 nationally in the list of states with the most racial integration.

WalletHub's "States That Have Made the Most Racial Progress" study is released annually ahead of Martin Luther King, Jr. Day. The report compares all 50 states and the District of Columbia across 22 relevant metrics divided into two main rankings: racial integration (which the study defines as "the current integration levels of white people and Black people") and racial progress (defined as "the levels of racial progress achieved over time").

The report's author clarifies that the study focuses only on the racial integration between Black people and white people "in light of racial tensions in recent years that sparked the Black Lives Matter movement."

"We released this report ahead of the holiday honoring Dr. Martin Luther King Jr., who played a prominent role in the Civil Rights Movement to end segregation and discrimination against Black people," the report says.

The study further divided each ranking into four main categories measuring the gaps between white people and Black people over time; spanning employment and wealth, education, social and civic engagement, and health. Texas performed the best in education and health, ranking No. 4 nationally in both categories, and it ranked in sixth place for its social and civic engagement. The state ranked 16th in the category for employment and wealth.

According to WalletHub, Texas has "done a lot" to reduce gaps in health outcomes for white and Black residents, such as reducing gaps in health insurance coverage, and reducing the share of Black Texans suffering from "poor health" and diabetes. It also notes that Texas "made the second-most progress when it comes to obesity," but it did not acknowledge the racial bias in body mass index (BMI) that has been increasingly flagged in recent years.

The report further praises Texas for reducing the gap in business ownership between white and Black Texans, and for its improvement in reducing discrimination in the parole system. WalletHub does not offer data behind the parole claim.

"It’s encouraging to look at the data and see that some states have made significant strides toward racial equality over the past few decades," said WalletHub analyst Chip Lupo regarding the overall report. "This change demonstrates that state-level policies and residents’ attitudes regarding equality have grown considerably better."

Though racial disparity gaps are closing between white and Black people, racial profiling and discrimination is still a major issue affecting Black people and other people of color across the country.

In 2023, a senate bill banned public Texas universities from having diversity, equity, and inclusion (DEI) offices and programs, prompting warnings of discrimination against Black, Hispanic, and other marginalized students, including those with disabilities.

The top 10 states with the most racial progress in 2026 are:

No. 1 – Georgia
No. 2 – Mississippi
No. 3 – Texas
No. 4 – North Carolina
No. 5 – Maryland
No. 6 – Florida
No. 7 – New Jersey
No. 8 – Massachusetts
No. 9 – Louisiana
No. 10 – New Mexico

wallethub texas report mlk day