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    Ranking the Rich

    These 12 Dallas billionaires land on Forbes' list of richest Americans

    John Egan
    Oct 23, 2017 | 9:01 am
    Houston, Bruno Mars Art After Dark Super Bowl Party, Jan 2017, Mark Cuban
    Mark Cuban's net worth is estimated at $3.3 billion.
    Photo by F. Carter Smith

    Nearly 10 percent of the 400 richest Americans live in Texas, with most of the state’s uber-billionaires making their home in Dallas.

    Dallas lays claim to 12 billionaires on Forbes' 2017 ranking of the 400 richest Americans, while Houston has 11, Fort Worth has six, Austin has four, and Temple has one. No one from San Antonio shows up on the list.

    Walmart heiress Alice Walton of Fort Worth is the richest Texan with an estimated net worth of $38.2 billion. She ranks as the 13th richest person in the U.S.

    At No. 2 among the richest Texans is Austin tech titan Michael Dell, whose net worth is estimated at $23.2 billion. Forbes puts him at No. 19 among the richest Americans.

    The third richest Texan, according to Forbes, is Andrew Beal. The Dallas banker and real estate mogul is worth an estimated $10.9 billion. Beal is the country’s 45th richest person.

    Coming in at No. 4 is Houston energy titan Richard Kinder, whose net worth is pegged at $6.7 billion. He’s the 74th richest American.

    Holding down the No. 5 spot is Dallas Cowboys owner Jerry Jones, with a net worth estimated at $6.7 billion. Overall, he sits at No. 95 on the list of the richest Americans.

    “America’s richest are richer than ever. The minimum net worth to make the Forbes list of 400 wealthiest Americans is now a record $2 billion,” say Luisa Kroll and Kerry Dolan, assistant managing editors of wealth at Forbes Media.

    Two San Antonians — Rod Lewis and Red McCombs — failed to make this year’s list because their net worth falls below $2 billion. Meanwhile, another San Antonian, Charles Butt, doesn’t appear on the list because Forbes combines his net worth with the rest of the Butt family. The family fortune is estimated at $10.7 billion.

    Here's a list of the 29 other richest of the rich in Texas, including their estimated net worth and main source of wealth.

    • Dannine Avara, No. 97 (tie), Houston, $5.5 billion, pipelines.
    • Scott Duncan, No. 97 (tie), Houston, $5.5 billion, pipelines.
    • Milane Frantz, No. 97 (tie), Houston, $5.5 billion, pipelines.
    • Randa Williams, No. 97 (tie), Houston, $5.5 billion, pipelines.
    • Robert Rowling, No. 108, Dallas, $5.2 billion, investments.
    • Robert Bass, No. 122 (tie), Fort Worth, $4.9 billion, oil and investments.
    • Ray Lee Hunt, No. 122 (tie), Dallas, $4.9 billion, oil and real estate.
    • Trevor Rees-Jones, No. 132, Dallas, $4.8 billion, oil and gas.
    • Kelcy Warren, No. 161, Dallas, $4.2 billion, pipelines.
    • Ross Perot Sr., No. 167, Dallas, $4.1 billion, computer services and real estate.
    • Robert McNair, No. 186, Houston, $3.8 billion, energy.
    • Dan Friedkin, No. 200, Houston, $3.7 billion, Toyota dealerships.
    • Jeffery Hildebrand, No. 206, Houston, $3.6 billion, oil.
    • Tilman Fertitta, No. 212, Houston, $3.5 billion, restaurants and casinos.
    • Sid Bass, No. 219, Fort Worth, $3.4 billion, oil and investments.
    • John Arnold, No. 226 (tie), Houston, $3.3 billion, hedge funds.
    • Mark Cuban, No. 226 (tie), Dallas, $3.3 billion, online media.
    • Robert Smith, Austin, No. 226 (tie), $3.3 billion, private equity.
    • John Paul DeJoria, No. 248, Austin, $3.1 billion, hair care products and tequila.
    • Gerald Ford, No. 278, Dallas, $2.9 billion, banking.
    • Ray Davis, No. 288, Dallas, $2.8 billion, pipelines.
    • Lee Bass, No. 315 (tie), Fort Worth, $2.6 billion, oil and investments.
    • David Bonderman, No. 315 (tie), Fort Worth, $2.6 billion, private equity.
    • Edward Bass, No. 324 (tie), Fort Worth, $2.5 billion, oil and investments.
    • Bert “Tito” Beveridge, No. 324 (tie), Austin, $2.5 billion, vodka.
    • George Bishop, No. 324 (tie), The Woodlands (Houston), $2.5 billion, oil.
    • W. Herbert Hunt, No. 374 (tie), Dallas, $2.1 billion, oil.
    • Drayton McLane Jr., No. 374 (tie), Temple, $2.1 billion, Walmart and logistics.
    • Ross Perot Jr., 374 (tie), Dallas, $2.1 billion.
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    Dallas ranks No. 1 city in U.S. for corporate HQ relocations

    John Egan, InnovationMap
    Jun 20, 2025 | 2:32 pm
    Dallas skyline
    Photo by Erin Hervey on Unsplash
    Dallas' inflation has cooled off after it was last saddled with the highest inflation rate nationally in January 2024.

    More corporations are choosing to relocate their headquarters to Dallas-Fort Worth than any other place in the United States.

    A recent analysis by commercial real estate services company CBRE reveals DFW was the No. 1 metro for corporate headquarters relocations from 2018 to 2024. In those six years, the area attracted 100 new corporate headquarters.

    DFW is followed by Austin (81 relocations), Nashville (35), Houston and Phoenix (31 each), and Denver (23).

    CBRE’s list encompasses public announcements from companies across various sizes and industries about relocating their corporate headquarters within the U.S. According to the study, reasons cited by companies for moving their headquarters include:

    • Access to lower taxes
    • Availability of tax incentives
    • Proximity to key markets
    • Ability to support hybrid work

    “Corporations now view headquarters locations as strategic assets, allowing for adaptability and faster reaction to market changes,” said CBRE.

    Among the high-profile companies that moved their headquarters to the Dallas area from 2018 to 2024 are:

    • Charles Schwab financial services company
    • AECOM construction firm
    • McKesson healthcare company

    Notably, CBRE itself moved its global HQ from San Francisco to Dallas in 2020.

    In February, Yum! Brands revealed it would relocate the global fried chicken chain KFC from its current headquarters in Louisville, Kentucky to Plano. The latest relocation announcement came June 19, when California-based hair care brand John Paul Mitchell Systems said it would move its headquarters to the Dallas area.

    According to CBRE, California (particularly the San Francisco Bay and Los Angeles areas) lost the most corporate HQs in 2024, with 17 companies announcing relocations — 12 of them to Texas. Also last year, Texas gained nearly half of all state-to-state relocations.

    In March, Site Selection magazine awarded Texas its 2024 Governor’s Cup, resulting in 13 consecutive wins for the state with the most corporate relocations and expansions.

    CBRE explained that the trend of corporate HQ relocations reflects the desire of companies to seek new environments to support their goals and workforce needs.

    “Ultimately, companies are seeking to establish themselves in locations with potential for long-term success and profitability,” CBRE said.

    ---

    This story originally appeared on our sister site, InnovationMap.

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