Sid and his three brothers, all members of the Forbes 400, inherited a fortune from their oil tycoon uncle Sid Richardson four decades ago and have been building on it ever since, running oil company Bass Operating and leveraging investing talent from the likes of Richard Rainwater and David Bonderman. He has been intimately involved for the past two decades in growing their company, an auto distributorship that has the exclusive rights to import and distribute Toyota vehicles in Texas, Arkansas, Louisiana, Mississippi and Oklahoma. Hollywood friends helped make $50 bottles of tequila a must at hot restaurants and nightclubs. They bought small pipelines and consolidated the holdings into an efficient network. A few years ago a U.S. special forces team presented Perot with a walking stick. Seven years later, the brothers founded Frac Tech. His Kinder Foundation has $75 million in assets and funds education and quality of life in Houston. He has offered $1 million to solve complex math equation, the Beal Conjecture number theory problem, which has stumped mathematicians for decades. My Forbes colleagues and I are always on the hunt for new billionaires to celebrate, in Texas and all over. After quitting as Enron president in 1996, the Texan founded what is now the largest U.S. pipeline company with friend William Morgan a year later. Revenues estimated at $18.7 billion in 2012, up 8%. They obtained the data from personal financial disclosure data that each senator and representative is required to provide for public record. Condition Report: Descriptions provided in both printed and on-line catalogue formats do not include condition reports. Will the Texans be ready to win the big game by then? They flipped the pipelines to El Paso in 1999, using the proceeds to create a natural gas retailer, distributor and pipeline company Energy Transfer Equity. This son of a cotton broker from Texarkana met an IBM tech while in the Navy, became a salesman at Big Blue, then quit when they wouldn't give him more computers to sell after he hit his annual quota by March. But his passion has always been airplanes. Inspired by his geologist father, Tim Headington founded Headington Oil in 1978. In subsequent years, he and Wagner have joined forces on ventures including AXS TV (formerly HDNet), Landmark Theaters, and movie maker Magnolia Pictures. A decade later, he sold his business to Eckerd Corporation for $50 million in 1973. Since last year, she received more than $350 million in Wal-Mart dividends after taxes. They have also lived in Tuckahoe, NJ and Egg Harbor Township, NJ plus 1 other location. After outcry against Lee's insistence that he get to approve the program's professors, Yale canceled the program and returned the donation. Robert, 59, has diversified mightily. Analysis provided on this page includes: 1. More recently, they snapped up nearly 300,000 acres in Montana and 36,000 acres in Idaho. (Check out my Q&A with Headington.). Does Granholm Know DOE Is The World’s Largest Science Establishment? Gates, William H., III, Seattle, $54.0 billion 2. Started as a bag boy at age 8. On the charitable front, the Michael & Susan Dell Foundation has committed more than $900 million to eradicating urban poverty and improving child health. They have plenty of cash to spend: the brothers sold their nearly 70% combined interested in hydraulic fracturing and oil field services outfit Frac Tech to a partnership led by Singapore's Temasek Holdings for $3.5 billion in May 2011. Source of wealth: Stryker Corp. 1031. Perot made $1.5 billion selling EDS to G.M., then turned around and created Perot Systems. Source of wealth: real estate, private equity, Source of wealth: engineering, construction, Source of wealth: television, real estate, Source of wealth: book distribution, transportation, Source of wealth: computer services, real estate, Source of wealth: manufacturing, investments, Source of wealth: timberland, lumber mills, Source of wealth: real estate, investments, Source of wealth: real estate, energy, insurance, Source of wealth: supermarkets, investments, Source of wealth: oil, real estate, supermarkets, Source of wealth: real estate, plush toys, Source of wealth: venture capital, Google, Source of wealth: circus, live entertainment, Source of wealth: Nordstrom department stores, Forbes' former Latam expert, with a background in the markets and richlist teams, I'm currently the Digital Director for Editorial Perfil, one of Argentina's largest. Following in their father's footsteps the brothers became masons themselves, founding Wilks Masonry together in 1995. Robert is thought to be the most successful of the brothers; in the early 1990s he founded investment company Oak Hill, which has since grown into four separate operations with total assets under management in excess of $35 billion. It has 311 stores in Texas, where its Central Market stores compete with Whole Foods, and 47 stores in Mexico. The pair left to found TPG and pursue their first deal together: they invested $66 million in faltering Continental Airlines; ultimately made $640 million profit. "The people who perform best are disciplined people. After 10 years of building Hilcorp into one of the world's biggest privately owned oil companies, Jeff Hildebrand dared to branch out this year -- by opening a donut shop near his home in Houston's tony River Oaks. 1956) oil on board ''A Fine Selection'' signed 15.75 x 23.5in. ). © 2020 Forbes Media LLC. He is one of the firm's early shareholders, serving as a director from 2007 until its February 2011 IPO. McLane is a graduate of Baylor University, where he previously served as a trustee, and regent and holds lifetime Regent Emeritus status. Source of Wealth: Model: Net Worth 2020: $20 million: Earnings in 2020: Pending: Yearly Salary: Under Review: House(s) She lives in Toronto, Ontario, Canada: Cars: There are no vehicles shown to the public: All net worths are calculated by applying a proprietary algorithm. The Cowboys produced league-high figures in both revenue ($539 million) and operating income ($251 million) last season, despite recent lackluster performance on the field. Trevor Rees-Jones and partners had leased 800,000 acres there. Also gone is natural gas pioneer George Mitchell, who passed away this year. The jewel of the collection is Glacier Girl, a P-38 Lightning dug out of the Greenland ice and restored to mint condition. Together the two, who met working for Robert Bass (see), own at least half of TPG, which sold 4.5% stake in itself in deal that valued firm at $5 billion 2 years ago. After Oklahoma University, Headington earned graduate degrees in theology and psychology at Fuller Theological Seminary. In the 2009 financial crisis he bought bonds backed by commercial planes, IOUs to power plants. His mother Nancy Lee Bass died in March, aged 95 -- just one day after the passing of her best friend and neighbor, the pianist Van Cliburn. Last Updated on April 1st, 2019Heimo Korth is a hunter, trapper, and fisher in the Coleen River above the Arctic Circle. He and his father, founder and chairman emeritus of the company, have had a hand in the processing and distribution of every Toyota sold in these states since 1968, profiting through the sale of cars as well as car parts. Dear Readers, please click here to go to the more recent update of this story, based on the 2015 Forbes 400. 15 books Ray Dalio says you should read to understand today's world. Don't expect to see the laid-back billionaire take a bite out of contestants: "They're calling me the dolphin," DeJoria says. In 2011 he sold a one-third stake in Hunt Oil's Eagle Ford shale fields to Japan's Marubeni for $1.3 billion. A new business school in her name is under construction and set to open at the University of South Carolina in 2014. The company ranked 12th on FORBES' 2012 list of America's Largest Private Companies. Details of their settlement are unknown -- assumed to be in the range of $300 million. Drayton McLane Jr., 77, began his career in 1959 as a truck loader working night shifts in his family's grocery distribution center. (I profiled Rod and his Warbird collection here.). With a background in sociology, philosophy, and economics, I'm a trained sceptic with a critical eye focused on Argentina, Latin America, and technology. Fayez Sarofim & Co. currently has $27 billion in assets under management. He then asked his employer at a Cisco, TX factory for a small raise. Dan, 48, recently assumed the ownership mantle from his father. In 2012 he acquired a massive pad in Manhattan's 834 Fifth Avenue for a reported $42 million. Sid, 70, has been laying low since his late 2011 divorce from ultra-socialite second wife Mercedes. Big backer of Karl Rove's American Crossroads SuperPAC. He sold the company to friend and tennis partner Sam Walton in 1991 for 10.4 million shares of Wal-Mart stock and $50 million. juggernaut. In 2012 the couple made an estimated $200 million donation to Baylor University in Waco, Texas to bankroll a new football stadium. Owner of Houston Texans, Robert McNair, 76, has reasons to smile. Ray Griff is a member of Country Singer He directly owns 2% Kinder, which is up 17% since it went public. Today its parent, Energy Transfer Equity, owns more than 71,000 miles of natural gas and crude oil pipelines. He shares investments in oil and gas with them but also loves architecture and urban planning. The legendary Fort Worth dealmaker has been a friend and mentor to tycoons like Eddie Lampert, David Bonderman, Ken Hersh and the Bass brothers, but his struggle with progressive supranuclear palsy has limited his investment capacity. This fall he'll appear as a judge on ABC's entrepreneur pitch show "Shark Tank." The company, co-founded and run by Kinder, owns 82,000 miles of pipelines and 180 storage terminals. These rich listers are concentrated in our two biggest metro areas, with 22 in Dallas/Fort Worth versus just 12 here in Houston. Canadian country music singer whose first single was a cover of the Clarence Carter song, 'Patches,' in 1970. He stayed under the radar until 2008 when he sold acreage in North Dakota's Bakken oil play to XTO Energy for $1.85 billion. In the early 1990s he spent $200 million backing Biosphere 2, a self-contained living experiment in Arizona that he later donated to Columbia University. His net worth has climbed over past year as profits at Beal Bank in Texas doubled, and he's been on a crusade this year to get big banks to buy back billions in bad loans they sold during the housing boom. Today the bulk of Dell's own fortune is tied up in his investment firm MSD Capital; its $12 billion portfolio includes banking, property, dental practices and landscaping companies. Seeking a cure, Rainwater's family, through the Rainwater Charitable Foundation, has organized and funded a genius-filled group of researchers dubbed the Tau Consortium. Following the name is theplace of residence and estimated net worth in dollars. When the price of silver collapsed 80% in 1980 the Hunts were shunted off the Forbes 400 and into bankruptcy. College dropout opened first branch of Beal Bank in Texas in 1988 and added Nevada-based bank years later. A former Army captain, Kinder earned both bachelor and law degrees from the University of Missouri. Christian Youth M.B. He made his fortune in the oil business, but Tim Headington's real love is moviemaking. He later studied Islamic law in Cairo. 1031. The private 30-year-old is reportedly single and is $800 million richer than a year ago thanks to a rise in the stock price of Enterprise Products Partners and a generous dividend plan. Hildebrand's biggest payday came in 2011, when he turned a $100 million investment in the Eagle Ford shale into $1.4 billion with a sale to Marathon Oil. Altogether Landry's has 63 brands--including Bubba Gump Shrimp Co., Morton's Steakhouse and Rainforest Cafe--with total 500 locations. 1. I'm also the Executive Director of the Buenos Aires Times, Argentina's only English-language newspaper. Raymond Allen Liotta (Italian: ; born December 18, 1954) is an American actor and producer.He is best known for playing Henry Hill in Goodfellas (1990). "Absent any bad luck we ought to be," says McNair. His father, Dan Duncan, formerly the richest man in Houston, died in 2010 at age 77. The Center for Responsive Politics, the organization that runs OpenSecrets.org, calculated each net worth by adding all disclosed assets (corporate bonds, stocks, etc.) In August of 2012, the couple, who have already given away more than $1.2 billion, launched the Giving Library, a collection of videos featuring 250 charities, to help philanthropists learn about the nonprofits. Not to worry. If you have some suspects we should look into drop me a line at chelman@forbes.com. The Egyptian born investment billionaire nicknamed "The Sphinx," returns to the Forbes 400 List for the first time since 2007 carrying a large and growing cache of stock in Kinder Morgan, the energy transportation company. In December 2012, he donated $250,000 to the Electronic Frontier Foundation to, as he said, "eliminate stupid patents" and assist with their legal efforts to reform the  patent system. He and his partners paid $700 million for the expansion team a decade ago. Charles Butt is the chairman and CEO of H.E. Shampoo and tequila entrepreneur John Paul DeJoria is going prime-time. The Texan, who started the PC maker in his dorm room 29 years ago and remains Chairman and CEO, believes pulling out of the public markets will help Dell shift from a struggling personal computer business into a business software giant. Once called "a Texas-bred cross between Prince Charles and Lorenzo de Medici," Ed Bass, 68, has long been considered the Renaissance man among the four Bass brothers. William Vincent Campbell Jr. (August 31, 1940 – April 18, 2016) was an American businessman and chairman of the board of trustees of Columbia University and chairman of the board of Intuit.He was VP of Marketing and board director for Apple Inc. and CEO for Claris, Intuit, and GO Corporation. Other profitable exits include Burger King and J. Campbell was the drummer for the … Robert and his brothers inherited a fortune from their oil tycoon uncle Sid Richardson four decades ago and have been building on it ever since, working with investing talent from the likes of Richard Rainwater and David Bonderman. "I got to see the American dream unfold in my living room." Any advance is unlikely to help Rainwater, 69, but could lead to future breakthroughs in treating dementia. Through Providence Minerals, acquired in 2006, he controls millions of oil-and-gas acres across the country including many with new shale discoveries. Houston also won the competition to host the Super Bowl in 2017. The third result is Kenneth Brian Campbell age 50s in Seattle, WA in the Northeast Seattle neighborhood. Joe Jamail Jr. made history in 1987 after representing Pennzoil against Texaco in a landmark case that rewarded Pennzoil with $10.5 billion dollars and Jamail with $345 million in contingency fees. In 1997, he was inducted into the Texas Business Hall of Fame. Richard Schulze. The data outlined on this page comes from OpenSecrets.org. Kelcy Warren, 58, cofounded natural-gas pipeline firm Energy Transfer Partners with Ray C. Davis in 1995; bought struggling gas assets and linked them into efficient system. He has spent the past 20 years spearheading the redevelopment of downtown Fort Worth and its central Sundance Square, which is home to the $65 million Bass Performance Hall, which opened in 1998 and boasts some of the best acoustics in the world. A horse-lover, Hildebrand has built a polo field on his ranch in Aspen. Ray Griff net worth and salary: Ray Griff is a Country Singer who has a net worth of $1.6 Million. His team made a second trip to the playoffs in 2013 before losing in the division round. In August 2013 NGL Energy Partners purchased the water disposal and hauling business of Oilfield Water Lines LP, in which Cuban was a majority stakeholder, for about $240 million. Both Friedkins share a passion for restoring and flying vintage military war plans and own together one of the largest such fleets in the country, frequently flying in commemorative events to honor those in the armed services. Business acumen isn't the only thing Dan inherited. The move was just the latest Jones, 71, has masterminded to turn America's most valuable sports franchise ($2.3 billion) into a cash machine. Tracking energy innovators from Houston, Texas. Back in the oilfields, Hilcorp is busy investing hundreds of millions a year in Alaska's Cook Inlet. He also has a B-25 bomber that he flew at an event honoring the 70th anniversary of Doolittle's raid. In 2010, as a reward for doubling the size of the company, every Hilcorp employee got $50,000 to buy a new car. In addition to restaurants, Landry's owns the Golden Nugget casinos, Houston's Kemah Boardwalk, Tower of the Americas in San Antonio and San Luis Resort in Galveston, Tex. "The world wants things done, not excuses," he tells Forbes. His Chief Oil & Gas was an early investor and early seller (2008) in the Barnett shale gas play in Texas, netting more than $1.5 billion. Korth has a… His net worth is up $800 million from a year ago due to an uptick in Kinder Morgan's share price (he owns a 23% stake) and combined quarterly payouts worth … Avara's sister Randa Duncan Williams was recently elected as non-executive Chairman of the Board. After months locked in battle with activist investor Carl Icahn, PC entrepreneur Michael Dell won shareholder approval of his final $24.9 billion offer to take his eponymous company private in what will be the biggest leveraged buy-out in recent years. Rank: Name Net Worth #Family Members Source of Wealth Headquarters 1 Walton family , $152 B, Six, Wal-Mart, Bentonville, AR 2 Koch family, $89 B, Four, Diversified , Wichita, KS Scott Duncan is one of four siblings who are heirs to the energy-pipeline fortune built by their late father Dan Duncan. Rumor is that Sid was more interested in pursuing his painting hobby in Fort Worth than going to the opera in New York, and never wanted to wear a tux again. 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