8 Austin billionaires bank spots on Forbes’ list of richest Americans

In just one year, Michael Dell’s net worth rose $ 3.3 billion – more than the total net worth of Thai billionaire Thai Lee.

The 2020 edition of the Forbes 400, which lists the 400 richest Americans, shows Dell’s net worth as of July 24th was $ 35.6 billion. This makes him the richest resident of Austin and the 18th richest American. Last year’s Forbes 400 put Dell’s net worth at $ 32.3 billion.

By comparison, Forbes estimates the net worth of Lee, a tech entrepreneur, at $ 3.1 billion this year. That’s up $ 3 billion in 2019. She ranks 268th among the richest Americans this year.

Dell, chairman and CEO of the Round Rock-based technology company that bears his name, has dominated the Austin billionaire ranks for years. Today Dell and Lee are among the eight billionaires in Austin on the Forbes 400, which was released on September 8th.

“Damn it, pandemic: The 400 richest Americans have a record $ 3.2 trillion, up $ 240 billion year over year, backed by an exchange that has resisted the virus,” Forbes writes.

Here is the full list for Austin:

  • Michael Dell, Tech Magnate – $ 35.6 billion, No. 18. Last year: $ 32.3 billion.
  • Robert Smith, Private equity entrepreneur – $ 6.2 billion, No. 125. Last year: $ 5 billion.
  • Bert “Tito” Beveridge, Vodka Tycoon – $ 4.6 billion, # 154. Last year: $ 4.2 billion.
  • Thai Lee, Technology Entrepreneur – $ 3.1 billion, # 268. Last year: $ 3 billion.
  • Joe Liemandt, Software Entrepreneur – $ 3 Billion, No. 278. Last Year: $ 3 Billion.
  • John Paul DeJoria, Hair Care and Tequila Mogul – $ 2.7 billion, Item 319. Last year: $ 3.1 billion.
  • Jim Breyer, Venture Capitalist – $ 2.4 billion, # 353. Last year: $ 2.5 billion. (Breyer recently moved to Austin from Silicon Valley).
  • Brian Sheth, Private Equity Entrepreneur – $ 2.3 billion, # 359. Last year: $ 2.2 billion.

Fort Worth Walmart heiress Alice Walton retained her status as the richest Texan and richest woman in America. The net worth this year is estimated at $ 62.3 billion. Compared to $ 51.4 billion in 2019. It rose from 11th last year to 10th this year on Forbes’ richest Americans ranking.

From 2019 to 2020, Walton’s net worth grew by $ 10.9 billion. To give you an idea of ​​how much money that is, the size of the economy in the African Republic of the Congo was $ 10.8 billion in 2019. Walton’s total net worth is slightly larger than the size of the Costa Rican economy (nearly $ 61.8 billion in 2019). .

Here is the regional breakdown of the remaining Forbes 400 billionaires in Texas.

Dallas-Fort Worth

  • Dallas Cowboys owner Jerry Jones – $ 8.6 billion, # 56. Last year: $ 8.6 billion.

  • Dallas banker and real estate investor Andy Beal – $ 7.6 billion, # 67. Last year: $ 9.8 billion.

  • Fort Worth Oil and Gas Heir Robert Bass – $ 4.8 billion, # 139. Last year: $ 4.9 billion.

  • Ray Lee Hunt, Dallas Oil and Gas Heir – $ 4.6 billion, # 154. Last year: $ 5.2 billion.

  • Mark Cuban, owner of Dallas Mavericks – $ 4.2 billion, # 177. Last year: $ 4.1 billion.

  • Margot Birmingham Perot, widow of Dallas tech entrepreneur Ross Perot – $ 4 billion, # 186. Last year: $ 4.2 billion.

  • Fort Worth private equity titan David Bonderman – $ 4 billion, # 186. Last year: $ 3.7 billion.

  • Omni Hotels and Gold’s Gym King Robert Rowling of Dallas – $ 3.9 billion, # 197. Last year: $ 5.5 billion.

  • Dallas Oil and Gas Chief Trevor Rees-Jones – $ 3.5 billion, # 228. Last year: $ 3.7 billion.

  • Kelcy Warren, Dallas Pipeline Manager – $ 2.8 billion, # 299. Last year: $ 4.3 billion.

  • Dallas Real Estate Honcho H. Ross Perot Jr. – $ 2.5 billion, # 339. Last year: $ 2.2 billion.

  • Fort Worth Oil Sid Bass – $ 2.3 billion, # 359. Last year: $ 3.1 billion.

  • Dallas Banker Gerald Ford – $ 2.1 billion, # 391. Last year: $ 2.3 billion.

Houston

  • Richard Kinder, Houston Pipeline Mogul – $ 6.2 billion, No. 103. Last year: $ 7.5 billion.

  • Pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams – $ 4.8 billion each, No. 139. Last year: $ 6.3 billion.

  • Houston Rockets owner and restaurant Kingpin Tilman Fertitta – $ 4.1 billion, # 181. Last year: $ 4.9 billion.

  • Toyota titan Dan Friedkin of Houston – $ 4.1 billion, No. 181. Last year: $ 4 billion.

  • Janice McNair, co-founder of Houston Texans – $ 3.9 billion, # 197. Last year: $ 4 billion.

  • Jeffery Hildebrand, Houston Energy Manager – $ 3.6 billion, # 222. Last year: $ 3.8 billion.

  • Former Houston hedge fund manager John Arnold – $ 3.3 billion, # 249. Last year: $ 3.3 billion.

Elsewhere in Texas

  • Walmart Heiress Ann Walton Kroenke – $ 8.4 billion, # 58. Last year: $ 7.5 billion.

  • Real Estate, Sports, & Entertainment Big Shot Stan Kroenke – $ 8.3 billion, # 59. Last year: $ 9.7 billion. (The Kroenkes live on a huge ranch near the town of Vernon in northern Texas.)

  • Temple investor and former grocer Drayton McLane Jr. – $ 2.8 billion, # 299. Last year: $ 2.6 billion. McLane is the former owner of the Houston Astros.

  • Brownsville hearing aid mogul Bill Austin – $ 2.2 billion, # 378. Last year: $ 2.4 billion.

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