Lone Star loaded

Dozens of Texas billionaires cash in on Forbes list of richest Americans

Dozens of Texas billionaires cash in on Forbes’ richest Americans list

Elon Musk Wikipedia
Elon Musk continues to ascend the ranks of the country's most wealthy. Elon Musk/Wikipedia

The latest Forbes 400 list, which ranks the richest Americans, shows that the Lone Star State may be the real breadwinner, with dozens of Texans noted as some of the wealthiest people in the country.

Though no San Antonians made the cut for the list, Texas does boast the second-richest American, according to Forbes: Tesla and SpaceX guru Elon Musk, who also lands at No. 1 among the richest Texans. No shocker there. 

What is shocking, however, is how much Musk’s net worth skyrocketed from 2020 to 2021. Hint: It’s more than $100 billion.

This year, the Forbes 400 estimates his net worth stood at $190.5 billion as of September 3. Last year, Musk’s estimated net worth was $68 billion. This means that from 2020 to 2021, his net worth exploded by $122.5 billion, or 180 percent.

Among the richest Americans, only Amazon’s Jeff Bezos beats Musk — but not by much. The Forbes 400 pegs Bezos’ net worth at $201 billion as of September 3, up from $179 billion at the same time last year.

Forbes lists Musk’s residence as Austin, although he has said he spends much of his time in Boca Chica. The Texas Gulf Coast community hosts Starbase, a launch site for SpaceX rockets. Regardless of precisely where he lives, Musk does spend a lot of time in the Austin area, where Tesla is building a $1.1 billion vehicle manufacturing plant. Musk relocated to Texas last year.

Before Musk arrived in the Lone Star State, Walmart heir Alice Walton of Fort Worth ranked as the richest person in Texas. She’s now in second place, with a net worth estimated at $67.9 billion. Walton ranks as the 12th richest American and richest American woman on this year’s Forbes 400.

Aside from Musk, here’s how billionaires from major metros in Texas fared on the Forbes 400 list:

Austin

Michael Dell, founder, chairman, and CEO of Round Rock-based Dell Technologies has an estimated net worth of $50.1 billion. He was ranked No. 3. in Texas and No. 18 in the U.S.

Robert Smith, founder, chairman, and CEO of private equity firm Vista Equity Partners has an estimated net worth of $6.7 billion. He was ranked No. 9. in Texas and No. 141 in the U.S.

Vodka titan Bert “Tito” Beveridge. His estimated net worth is $4.8 billion, putting him at No. 18. in Texas and No. 224 (tie) in the country.

IT entrepreneur Thai Lee, who has an estimated net worth of $4.1 billion, with a Texas rank of No. 27 (tie) and a U.S. ranking at No. 273 (tie).

Software entrepreneur Joe Liemandt. His estimated net worth is $3 billion. He ranked No. 33 (tie) in Texas and No. 377 (tie) in the country.

Jim Bryer, founder and CEO of venture capital firm Bryer Capital. His estimated net worth is $2.9 billion, which ranks him at No. 35 (tie) in Texas and No. 389 (tie) in the U.S.

Dallas-Fort Worth

Banking and real estate mogul Andy Beal of Dallas holds the No. 5 spot in Texas and No. 78 nationally. His estimated net worth is $9.9 billion.

Dallas Cowboys owner Jerry Jones of Dallas sits at No. 7 in Texas and No. 86 nationally with an estimated net worth of $9.1 billion.

Money manager Ken Fisher of Dallas ranks 10th in Texas and 151st nationally with an estimated net worth of $6.4 billion.

Oil and real estate titan Ray Lee Hunt of Dallas ranks 16th in Texas and ties for 188th nationally with an estimated net worth of $5.7 billion.

Oil and investment mogul Robert Bass of Fort Worth ranks 17th in Texas and ties for 212th nationally with an estimated net worth of $5 billion.

Private equity kingpin David Bonderman of Fort Worth ties for 21st in Texas and ties for 247th nationally with an estimated net worth of $4.5 billion.

Media magnate and Dallas Mavericks owner Mark Cuban of Dallas ties for 21st in Texas and ties for 247th nationally with an estimated net worth of $4.5 billion.

Oil and gas honcho Trevor Rees-Jones of Dallas ties for 21st in Texas and ties for 247th nationally with an estimated net worth of $4.5 billion.

Hotel and investment guru Robert Rowling of Dallas ranks 25th in Texas and ties for 261st nationally with an estimated net worth of $4.3 billion.

Margot Birmingham Perot of Dallas, widow of tech and real estate entrepreneur H. Ross Perot Sr., ties for 27th in Texas and ties for 273rd nationally with an estimated net worth of $4.1 billion.

Oil and gas tycoon Kelcy Warren of Dallas ranks 29th in Texas and ties for 289th nationally with an estimated net worth of $3.9 billion.

Real estate bigwig H. Ross Perot Jr. of Dallas ranks 32nd in Texas and 363rd nationally with an estimated net worth of $3.2 billion.

Homebuilder Donald Horton and family of Fort Worth tie for 35th in Texas and tie for 389th nationally with an estimated net worth of $2.9 billion.

Oil baron W. Herbert Hunt of Dallas ties for 35th in Texas and ties for 389th nationally with an estimated net worth of $2.9 billion.

Houston

Pipeline magnate Richard Kinder of Houston ranks eighth in Texas and 128th nationally with an estimated net worth of $7.1 billion.

Hospitality king and Houston Rockets owner Tilman Fertitta of Houston ranks 11th in Texas and 158th nationally with an estimated net worth of $6.3 billion.

Houston pipeline heirs Dannine AvaraScott DuncanMilane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Each has an estimated net worth of $6.2 billion.

Software entrepreneur Robert Brockman of Houston ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion.

Oil mogul Jeffery Hildebrand of Houston ranks 20th in Texas and ties for 240th nationally with a net worth of $4.6 billion.

Toyota mega-dealer Dan Friedkin of Houston ranks 24th in Texas and ties for 253rd with an estimated net worth of $4.4 billion.

Houston Texans owner Janice McNair of Houston ranks 26th in Texas and ties for 269th nationally with an estimated net worth of $4.2 billion.

Hedge fund honcho John Arnold of Houston ties for 30th in Texas and ties for 358th nationally with an estimated net worth of $3.3 billion.