Michael Dell- Net worth: $52.5 billion (#23 wealthiest in the world) Contents 1 Armed forces 2 Arts 2.1 Film, television, and theater 2.2 Journalism and literature 2.3 Music 3 Athletes 4 Business 5 Government and politics 6 Science and technology 7 Other 8 References A few years later he took over as CEO and ran McLane for 30 years, averaging 30% annual sales growth. Worth $8.4 billion and the 294th richest person in the world. When Midland was a windmill town, in the late 1880s, its town boosters and Texas and Pacific railroad officials made a decision that may still haunt it: they refused to seek government emergency aid, while others did, during a disastrous two-year drought that starved cattle herds and dried up water holes. The angry Old Testament God is not dead in the Permian Basin; indeed, He remains healthy and able to extract His vengeances. The ranking includes 2,153 people who have a combined wealth of $8.7. Robert F. Smith- Net worth: $8.0 billion (#254 wealthiest in the world) Dont underestimate for a moment the influence of Midland women on their community. The Basses hold down the No. Jones at Mile High stadium Denver. Net worth: $8.6 billion Source of wealth: Dallas Cowboys Jerry Jones, 77, bought the Cowboys for $150 million in 1989. He also invests in oil and real estate and collects art, such as his prized Coin Toss by Norman Rockwell, acquired for $1.1 million the same year he bought the Cowboys. A big Republican donor, Rowling would prefer to support a Pence/Rubio ticket in 2020. Ford has a 15% stake in publicly traded Hilltop Holdings, which owns PlainsCapital Bank and insurer National Lloyds Corp. Hes the majority shareholder of Mechanics Bank in California. Because Texans are obviously the most important subset of the billionaires who make up the Forbes 400 list of wealthiest Americans, I have conveniently culled them here for easy perusal. Investing in the dusty expanses of West Texas more than 100 years ago has paid off for the Fasken family, which just earned a spot on Forbes list of wealthiest dynasties. He has since redeployed capital in the Haynesville shale natural gas play in Louisiana. This Top 10 list obviously fluctuates. The Perots in 2017 moved their family office into new digs on Turtle Creek in Dallas. Click through the gallery to see the richest families in Texas, how much they're worth and how they got their wealth. Stanley Kroenke- Net worth: $12.9 billion (#138 wealthiest in the world) He starred as the U.S. president in the 2015 movie Sharknado 3: Oh Hell No!. The University of Houston, where buildings and streets bear his name, benefitted most from the Cullen fortune, receiving more than $22 million in gifts. (No one has yet. Fertitta has turned eatertainment into an empire. 11-month-old Midland girl found safe, suspect in custody, Permian Basin oil and gas output reaches new stage of maturity, MISD board approves 2023-24 calendar without intersession, West Texas FC hires former player as head coach, Video: Bobcat perched on Texas family's backyard fence. In early October the NBA approved his $2.2 billion purchase of the Houston Rockets; let the cross-marketing bonanza begin! The population, which had grown to 67,000 in 1960, slipped back to 58,000 despite a high local birth rate. Houstons Duncan family, with a net worth of $22 billion, appears at No. Meanwhile, Amazon CEO Jeff Bezos is projected to become the world's first trillionaire by 2026. As wereportedearlier this year, there arent enough homes to house all the oilfield workers. The Frozen portion of the program will be narrated by Olaf while ice skaters transform the story of Anna, Elsa, Kristoff, and Sven across the rink. Pictured above is T.T. The late Ting Tsung "T.T." The 55-year-old entrepreneur will sell close to 60 million bottles this year, enough to earn him an estimated net worth of $2.5 billion. The richest American in 2017 is former Microsoft chairman Bill Gates with an estimated wealth of $81 billion. Getty Images. 374 in the country. As in an earlier time, Odessa is looser, more informal, more rollicking, more old-shoe and howdy-do. Forbes acknowledged the list may not have been "absolutely correct" and published that it chose to be ultraconservative in its estimates so that all who deserved to be on the list would be included. Midland isn't the most glamorous place to live, and it might not provide a scenic mountain backdrop with a temperate climate -- travel mags wouldn't know us if we paraded in front of them with party hats and streamers. The four children of pipeline mogul Dan Duncan Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan inherited a $10 billion estate from their father when he died in 2010. The Butts and the Waltons aren't the only wealth families in the Lone Star State. In 1964 Jones was co-captain of the University of Arkansas team that won the national championship. There are about 15.7 students per teacher in Midland. He named Klyde Warren Park after his then-9-year-old son. #20. It is these I often bid goodnight in order to race across the wasteland to Odessa, there to seek out my natural companionsthe sweat-hog lawyers and car salesmen and newspaper men. We analyzed 349 places in Texas to determine where the 1% live. Midland: 84.0: $83,616: 70: Benbrook: 85.33: $73,945: 71: Bedford: 85.67 . While write-ups by Marketwatchand othersunderstandably played up the shock that Midland was ahead of such cities as New York and San Francisco (to say nothing of Dallas or Houston), for Texans, this news may not come as that big of a surprise,wroteTerence Henry of State Impact Texas: Midland has been home to several oil booms, one of which wentbust in a big wayin the mid-eighties. - Source of wealth: money management, Self Made, #18. Daughter Alexis competes in the National Hot Rod Association. Not that Odessa was entirely innocent; it, too, knew its despotic employers who watched clocks, attitudes, and otherwise meddled in private lives. The magazine racks recommend a high percentage of detective stories, mechanical manuals, homemaking hints, and almost as many porn offering as Times Square outlets. Cuban has since spent the last decade and a half doing just about anything he wants. Odessa has a smattering of such women, but many fewer. What he said, however, qualified as apt beer hall social commentary: Midland has had this thing about preserving what already is gone anduntil recent years, anyhowwas the damnedest place for staging Pioneer Days and Frontier Days and such that you ever saw. Its banks having risked no big money and its community fathers then lacking Midlands stubborn feverish dreamy boosterisms, it remained a vulgar sprawl of a townthe home of pipe yards, oil-well servicing outfits, tool companies, mud companies, trucking companies, construction companiesmany operating from shacks or Quonset huts. If these families were a country, they'd be the 17th richest nation in the world as these . His net worth could be considerably higher than our conservative Forbes estimate. Alice Walton, daughter of Walmart founder Sam Walton, is the richest Texan with $38.4 billion, according to Forbes. We will not share or sell your email address. Beal attended both Michigan State University and Baylor University, but dropped out of both. His Landrys restaurant brands include Bubba Gump Shrimp, Saltgrass Steak House, and every parents animatronic gorilla nightmare: Rainforest Cafe. - Residence: Houston, Texas In 2017 Perot Jr. moved his dad and 250 employees into the 350,000 square foot family office he built on Turtle Creek in Dallas. The proprietor of a Midland cafe catering to working men said in mid-March, Its slowed down some lately. Midland lawyers drink at home. He is not merely generalizing his own example: my Midland friends, lawyers or otherwise, invite me to their homes; Odessa chums transport me to, or meet me in, public places. Jones Family Ranch - 255,000 acres Located on the South Texas coast near Corpus Christi, the Jones family ranches were founded by W. W. Jones in 1897 on land that had been part of the Las. Midwest superstore chain Meijer C-CEO Hank and brother Doug, the company's Co-Chair, came in at No. Some I've been cooking for years, decades even, others I have . See Kelcy Warren above, with whom Davis first teamed in 1993 to build Cornerstone Natural Gas, which they sold to El Paso Natural Gas in 1996 before launching Energy Transfer. Has donated $35 million to alma mater Southern Methodist University. Save all of your favorite content in one curated collection. Man charged with kidnapping, assaulting woman in AMBER alert case, Midland Health: Beat the stress of New Years resolutions in 2023, HS BOYS BASKETBALL: Greenwood loses heartbreaker to Seminole, HS BASKETBALL ROUNDUP: MHS boys get key district road win, Pioneer COO: Oil and Gas in Permian Basin in state of growth, HS GIRLS BASKETBALL: Seminole beats Greenwood to move into 1st. Then, on Tuesday, January 24, tickets will go on sale to the general public. Estimated median household income was $95,088 in Texas Township for 2011-15: $110,170 for families and $36,855 for non-families. Universal Studios Is Coming to Frisco. Collectively, the. Thats because the same Bureau of Economic Analysis report that noted Texas incomes are rising at a higher rate than the rest of the U.S. found that Midland is the second-richest city in the country, ahead of San Francisco, San Jose and Washington D.C. Bridgeport, Connecticut,a metropolitan area that includes such Wall Street-friendly suburbs as Greenwich and Stamford, tops the list, which isbased on per capita income. There is a new restaurant/bar opening this week on Big Spring Street in central Midland. Another conspicuous absence from this Texas rich list is Charles Butt, the scion of the family behind the beloved HEB supermarket chain. But oils worth digging up again, yessir, and out there in the Permian Basin sands theyre dreaming of it reaching $15 or $20 a barrel and making new millionaires all over again. Driven to bring world-class art to Arkansas, in 2011 she opened Crystal Bridges museum in Bentonville. Independent oilmen swarmed in from all over, as did draftsmen and landmen and scouts and geologists and technicians and Ivy League lawyers. With consistent double-digit annual returns, Vista has grown to $30 billion under management. The Richest Woman In The Worldis the only daughter of Wal-Mart founder Sam Walton. Southwest Used to Do Everything Right. 3 is Berkshire Hathaway investor Warren Buffett at $65.5 billion. Odessa, in the same period, was coming into an aggressive new wealth and spawning a new generation of go-getters determined to keep the good times rolling. 49): $9.7 billion Jerry Jones (No. Leave them blank to get signed up. This is, and has been, the working mans town., Childress shifts on his barstool in a manner to indicate he has enjoyed about all the good spoken of Midland that he can stand. And atop symbol of Americanwealth. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. Between 2019 and 2020 the population of Midland, TX grew from 138,549 to 141,194, a 1.91% increase and its median household income grew from $79,329 to $83,616, a 5.4% increase. Indoor & Outdoor SMD Screens, LED Displays, Digital Signage & Video Wall Solutions in Pakistan They are Silver Ventures owner Christopher Kit Goldsbury and investor B.J. Did you know? In Texas, low oil prices have flatlined the growth in some fortunes, like that of San Antonio natural gas tycoon Rod. 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