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 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.

400 richest people Alice Walton Forbes Jerry Jones billionaires reports

Politics News

Dallas narrows down field for new city manager to 4 candidates

Photo by R K on Unsplash

This is an Dallasite's sign to launch that small business they've been dreaming of.

After six months without a city manager, the city of Dallas has narrowed down the field of replacements to four semifinalists including one serving as current interim city manager, plus candidates from Fort Worth, Michigan, and Georgia.

Dallas has been without a city manager since May, when previous city manager T.C. Broadnax left to take a job with the city of Austin. Since that time, Broadnax's former chief of staff Kimberly Bizor Tolbert has served as interim city manager.

The city retained Baker Tilly, a consulting firm, to recruit and compile candidates. (Baker Tilly famously erred in the brochure it created for the position by featuring a photo of the Houston skyline instead of Dallas; they've since replaced it with Dallas.)

A spokesperson for Baker Tilly did not respond to inquiries but according to D Magazine, an email listing the candidates has been sent to the Dallas City Council.

The semifinalists include:

Kimberly Bizor Tolbert, Dallas’ current interim city manager
William Johnson, an assistant city manager in Fort Worth
Mark Washington, the city manager of Grand Rapids, Michigan
Zachary Williams, a county chief operating officer in Georgia

All have more than 25 years' of public administration experience and have worked in similar capacities in their respective cities.

Before working in Fort Worth, Johnson was Baltimore’s transportation director and Atlanta’s deputy chief operating officer and public works commissioner.

Washington worked in Fort Worth and Austin before becoming Grand Rapids’ city manager.

Williams has mostly worked in Georgia at the county level, including serving as county manager in Fulton County and chief operating officer in DeKalb County.

Tolbert began working for the city in 1998, first as the city manager’s assistant and later in the aviation department. Broadnax hired her as his chief of staff in 2017.

Unlike the Mayor and the Dallas City Council, the city manager position in Dallas is not elected but is instead appointed by the city council, and is tasked with executing policies, overseeing the annual budget, and managing staff at city hall.

The council’s Ad Hoc Committee will choose finalists, introduce them to the public, and make an offer in early 2025.

politics