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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 newForbes 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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    Animal News

    Advocates find false info being fed to Texas legislators on pet store law

    Teresa Gubbins
    May 8, 2025 | 10:30 am
    Puppy mill dogs do not have a great life.
    Puppy mill dogs do not have a great life.
    undefined

    A national pet store chain has been implicated in a dishonest campaign to try and influence Texas lawmakers on an upcoming bill making its way through the legislature.

    The pet store chain is Petland, and they're engaged in a battle against The Ethical Pet Sale Bill (SB 1652 / HB 3458), which would encourage pet stores to stop selling at-risk animals from puppy mills and support shelters and rescue groups instead.

    The Ethical Pet Sale bill has support from rescue and animal groups across Texas, who are all grappling with a glut of animals on the streets and in overcrowded shelters. That pet overpopulation problem gets even worse when pet stores import more animals from puppy mills in states like Missouri and Ohio.

    If Texas passes the bill, it will join a growing number of states and cities who've already passed similar laws including Dallas, Austin, Bryan, College Station, El Paso, Euless, Fort Worth, Houston, New Braunfels, Pasadena, San Antonio, The Colony, Sherman, and Waco.

    Most reputable pet store chains such as PetSmart and PetCo do not sell cats and dogs. Petland does. The company operates 84 stores in the U.S., and fights bills like this by hiring lobbyists to discourage legislators from supporting these bills.

    Phony list
    In this case, a two-page summary was distributed to some Texas state senators listing reasons why they should oppose SB ("The evidence from other states, especially California, demonstrates that these types of bans do more harm than good"), plus a list of organizations that are opposed.

    Most of the organizations opposed to the bill profit directly from animals, such as Petland and Puppy Dreams, a North Texas chain that also sells animals.

    But the list also had surprising names including PetSmart, PetCo, and Pet Supplies Plus — the three largest pet store chains who all have a history of supporting adoption of shelter animals.

    Their presence on the list caught the eye of animal advocacy groups such as Texas Humane Legislation Network and Humane World For Animals, who've worked with the big three in the past.

    "We became aware of Petland Inc.’s lobbyist apparently sharing the attached document with legislators, claiming the listed pet and pet product industry leaders are opposing this legislation," said a spokesperson from Humane World of Animals (HWA). "We checked in with contacts at Petco, Petsmart, and the American Pet Products Association, and all of them deny opposing this legislation or giving Petland permission to list them on this opposition letter. It’s very possible others listed in this letter also did not give their permission to be included — we only connected with the those listed above at this stage."

    CultureMap also contacted the three major pet store chains and received similar responses that they had not been consulted nor did they issue a rejection of the bill, although none wanted to be quoted.

    The misrepresentation is concerning because it muddies the water with false information at a time when the bill is still under consideration:

    HB 3458 — the version going through the Texas House — passed a House Committee with a 10-1 vote and has been moved up the chain towards passage.

    SB 1652 — the version going through the Senate — still needs to get through the Senate Committee, Calendars, and a floor vote.

    "By creating a false narrative about the position of the above industry leaders, this letter has the potential to sway lawmakers at a critical juncture in the legislation’s journey," the HWA spokesperson says.

    Two Petland stores in the Dallas area — in Frisco and Tyler — have been the subject of undercover investigations. Petland Webster recently settled a lawsuit with several families that the store allegedly sold sick puppies to, and several lawsuits have been filed against Petland Woodlands in Texas, claiming the store sold sick puppies. One pet owner told the House Committee that he'd spent $20,000 on medical care of a puppy he bought at a pet store.

    "Banning the retail sale of puppies and kittens is a common-sense solution to protect both animals and Texas consumers," said Dean Senator Judith Zaffirini of Laredo, who filed the bill. "My SB 1652 would help reduce pet overpopulation, promote responsible breeding practices and prevent families from unknowingly purchasing sick animals. With varying local ordinances in place and further action at the city level now restricted, it is important for the state to provide a clear and consistent approach that prioritizes both animal welfare and consumer protection."

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