56 Billionaires In Texas Make Elite Forbes List

Texas is home to 56 billionaires, according to Forbes’ 33rd annual ranking of the world’s billionaires released Tuesday. The ranking includes 2,153 people who have a combined wealth of $8.7 trillion.

In Texas, those making the list are:

$44.4 billion
Alice Walton
Fort Worth
Walmart

$34.3 billion
Michael Dell
Austin
Dell computers

$9.1 billion
Andrew Beal
Dallas
banks, real estate

$6.8 billion
Jerry Jones
Dallas
Dallas Cowboys

$6.6 billion
Richard Kinder
Houston
pipelines

$5.9 billion
Dannine Avara
Houston
pipelines

$5.9 billion
Scott Duncan
Houston
pipelines

$5.9 billion
Milane Frantz
Houston
pipelines

$5.9 billion
Randa Williams
Houston
pipelines

$5.3 billion
Robert Rowling
Dallas
hotels, investments

$5 billion
Robert Smith
Austin
private equity

$4.9 billion
Robert Bass
Fort Worth
oil, investments

$4.7 billion
Tilman Fertitta
Houston
Houston Rockets, entertainment

$4.7 billion
Ray Lee Hunt
Dallas
oil, real estate

$4.3 billion
Trevor Rees-Jones
Dallas
oil & gas

$4.1 billion
Mark Cuban
Dallas
online media

$4.1 billion
H. Ross Perot Sr
Dallas
computer services, real estate

$4.1 billion
Kelcy Warren
Dallas
pipelines

$4 billion
Bert Beveridge
Austin
vodka

$4 billion
Dan Friedkin
Houston
Toyota dealerships

$3.8 billion
Janice McNair
Houston
energy, sports

$3.3 billion
John Arnold
Houston
hedge funds

$3.3 billion
David Bonderman
Fort Worth
private equity

$3.2 billion
Sid Bass
Fort Worth
oil, investments

$3 billion
Jeffery Hildebrand
Houston
oil

$3 billion
Joseph Liemandt
Austin
Software

$2.7 billion
Gerald Ford
Dallas
banking

$2.5 billion
Bill Austin
Brownsville
hearing aids

$2.5 billion
John Paul DeJoria
Austin
hair products, tequila

$2.4 billion
Ray Davis
Dallas
pipelines

$2.3 billion
Lee Bass
Fort Worth
oil, investments

$2.3 billion
George Bishop
The Woodlands
oil & gas

$2.3 billion
Drayton McLane Jr
Temple
Walmart, logistics

$2.3 billion
H. Ross Perot Jr
Dallas
real estate

$2.2 billion
Edward Bass
Fort Worth
oil, investments

$2.2 billion
Brian Sheth
Austin
investments

$2.1 billion
Thai Lee
Austin
IT provider

$2 billion
Leslie Alexander
Houston
sports team

$2 billion
W. Herbert Hunt
Dallas
oil

$1.8 billion
Todd Wagner
Dallas
online media

$1.7 billion
David Booth
Austin
mutual funds

$1.7 billion
Paul Foster
El Paso
oil refining

$1.6 billion
Christopher Goldsbury
San Antonio
salsa

$1.5 billion
Timothy Headington
Dallas
oil & gas, investments

$1.5 billion
Billy Joe (Red) McCombs
San Antonio
real estate, oil, cars, sports

$1.5 billion
Stephen Winn
Dallas
real estate services

$1.4 billion
James Leininger
San Antonio
medical products

$1.4 billion
Fayez Sarofim
Houston
money management

$1.4 billion
Kenny Troutt
Dallas
telecom

$1.4 billion
Dan Wilks
Cisco
natural gas

$1.4 billion
Farris Wilks
Cisco
natural gas

$1.3 billion
Darwin Deason
Dallas
Xerox

$1 billion
John Goff
Fort Worth
real estate

$1 billion
Donald Horton
Fort Worth
homebuilding

$1 billion
Leo Koguan
Sugar Land
IT provider

$1 billion
James Truchard
Austin
software

Amazon CEO Jeff Bezos, who is worth about $131 billion, topped the list for the second year in a row, followed by software magnate and philanthropist Bill Gates ($96.5 billion) and Berkshire Hathaway Chairman and CEO Warren Buffett ($82.5 billion).

Both the number of billionaires and their combined net worth is down this year, according to Forbes. Last year, 2,208 people made the list and had a combined wealth of $9.1 trillion. Forbes said this represents the first decrease in billionaires and their combined wealth since 2016, and only the second decrease in a decade.

A record 994 billionaires are worth less than they were a year ago, but last year, only 360 members of the elite class got poorer. The average net worth of this year’s billionaires is $4 billion, down from $4.1 billion in 2018. Of the total, 1,450 members are self-made.

“The billionaire ranks prove that even the world’s richest are not immune to economic forces and the volatility of world markets. Yet, even with strong headwinds, resourceful and relentless entrepreneurs find new ways to get rich,” Luisa Kroll, assistant managing editor of wealth at Forbes said in a news release.

Kerry A, Dolan, also an assistant managing editor of wealth at Forbes, noted regional trends.

“Of note this year was the large number of drop-offs in China, and the weakening of the euro vs. the dollar, which pushed down the dollar value of European fortunes,” Dolan said in the release.

In the United States, Bezos’ net worth increased from $19 billion, and Gates, who had been the wealthiest person in the world for the longest period of time, increased his fortune by $6.5 billion, from $90 billion in 2018. The gap between the No. 1 and No. 2 billionaires grew due to an increase in Amazon stock prices. Buffett’s net worth fell by $1.5 billion.

Rounding out the top five were Bernard Arnault of France and Carlos Slim Helu of Mexico, with net worths of $76 billion and $64 billion, respectively.

President Donald Trump’s net worth is listed at $3.1 billion by Forbes, which placed him at No 715 on the list. Trump is the first billionaire president of the United States, and the core of his fortune is tied up in a half-dozen buildings in and around midtown Manhattan in New York City, according to Forbes.

New to the list is Kylie Jenner, 21, who is the youngest billionaire in the world and the youngest self-made billionaire of all time. Jenner, who ranked 2,057 on the list, owns 100 percent of Kylie Cosmetics, a company she founded three years ago and which did $360 million in sales last year. Most of the company’s revenue comes from e-commerce, but Kylie Cosmetics also has a deal with Ulta to put its products in the makeup retailer’s 1,163 U.S. stores.

Other Americans in the Top 20 were:

• Larry Ellison, software magnate, No. 7 with a net worth of $62.5 billion (up from 2018);
• Mark Zuckerberg, Facebook founder, No 8, with a net worth of $62.3 billion (down from 2018);
• Michael Bloomberg, Bloomberg LP, No. 9, with a net worth of $55.5 billion (up from 2018);
• Larry Page, Google, No. 10, with a net worth of $50.8 billion (up from 2018);
• Charles Koch and David Koch, Koch Industries, No. 11, with a net worth of $50.5 billion (down from 2018);
• Sergey Brin, Google, No. 14, with a net worth of $49.8 billion (up from 2018);
• Jim Walton, Walmart, No. 16, with a net worth of $44.6 billion (down from 2018);
• Alice Walton, Walmart, No. 17, with a net worth of $44.4 billion (down from 2018);
• S. Robson Walton, Walmart, No 18, with a net worth of $44.3 billion (down from 2018);
• Steve Ballmer, Microsoft, No. 19, with a net worth of $41.2 billion (up from 2018).

The Top 20 billionaires have a combined net worth of $1.2 trillion, which is unchanged from last year. Their aggregate wealth represents about 14 percent of all billionaires. The minimum net worth in the Top 20 was $3.38 billion, $200 million less than 2018.

Go here to view the complete list.