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Forbes not too long ago launched its annual list of the 400 richest folks in America and 12 Texas-based billionaires made the highest 100.
Tech magnate Elon Musk, who relies out of Texas as of 2021, is the wealthiest man in America with a web price of $251 billion.
The subsequent richest Texan is Alice Walton with an estimated $55.7 billion. Her fortune comes from Walmart.
According to Forbes, the 20 folks at the very top of the list—the uppermost 5%—are price a staggering $1.6 trillion, accounting for 40% of your complete Forbes 400′s wealth.
Here are all of the Texans who made the highest 400 richest folks in America and their respective rankings:
1. Elon Musk – $251 billion, Tesla SpaceX
15. Alice Walton – $55.7 billion, Walmart
16. Michael Dell – $50 billion, Dell computer systems
44. Jerry Jones – $16 billion, Dallas Cowboys
48. Stanley Kroenke – $12.9 billion, sports activities and actual property
56. Jeffery Hildebrand – $11 billion, oil
61. Andrew Beal – $10.3 billion, banks and actual property
63. Autry Stephens – $10 billion, oil
79. Ann Walton Kroenke – $8.3 billion, Walmart
86. Robert F. Smith – $8 billion, personal fairness
93. Tilman (*43*) – $7.7 billion, Houston Rockets and leisure
99. Joe Gebbia – $$7.6 billion, Airbnb
104. Charles Butt – $7.5 billion, supermarkets (H-E-B)
110. Richard Kinder – $7.3 billion, pipelines
119. Dannine Avara – $6.9 billion, pipelines
119. Scott Duncan – $6.9 billion, pipelines
119. Milane Frantz – $6.9 billion, pipelines
119. Randa Duncan Williams – $6.9 billion, personal fairness
138. David Bonderman – $6.5 billion, personal fairness
150. Ken Fisher – $6.3 billion, cash administration
160. Ray Lee Hunt – $5.7 billion, oil and actual property
190. Dan Friedkin – $5.7 billion, Toyota dealerships
202. Bert Beveridge – $5 billion, vodka
202. Janice McNair – $5 billion, power and sports activities
211. Robert Bass – $4.9 billion, oil and investments
214. Robert Rowling – $4.8 billion, resorts and investments
227. Mark Cuban – $4.6 billion, on-line media and Dallas Mavericks
227. Kelcy Warren – $4.6 billion, pipelines
234. Margot Birmingham Perot – $4.5 billion, laptop companies and actual property
234. Joseph Liemandt – $4.5 billion, software program
252. Thai Lee – $4.2 billion, IT supplier
271. Hayes Barnard – $4 billion, fintech
271. W. Herbert Hunt – $4 billion, oil
271. Trevor Rees-Jones – $4 billion, oil and fuel
296. H. Ross Perot, Jr. – $3.8 billion, actual property
296. Steven Udvar-Hazy – $3.8 billion, plane leasing
303. Sid Bass – $3.7 billion, oil and investments
332. John Arnold – $3.3 billion, hedge funds
351. Bill Austin – $3.1 billion, listening to aids
359. George Bishop – $3 billion, oil and fuel
369. John Paul DeJoria – $2.9 billion, hair merchandise and tequila
380. Eleanor Butt Crook & household – $2.8 billion, supermarkets
388. Drayton McLane, Jr. – $2.7 billion, Walmart and logistics
Forbes notes that 42 folks both joined or rejoined the ranks this yr. Of these folks – the richest newcomer is Texas billionaire Autry Stephens who is available in at No. 63 general. Stephens is one of 19 billionaires on the list who made their cash in power.
To decide the rankings of the richest Americans Forbes stated some billionaires supplied documentation for his or her property and corporations whereas others have been much less forthcoming.
“To value private businesses, we coupled revenue or profit estimates with prevailing price-to-sales, price-to-earnings or similar ratios for similar public companies and applied a 10% liquidity discount,” Forbes stated of its methodology. “For venture-backed companies and other businesses that had not recently sold equity to investors, we adjusted based on how the sector in which they operate has fared in the time since their latest funding round.”
The richest folks in America vary in age from actual property mogul Ted Lerner and early Berkshire Hathaway investor David Gottesman, each 96, to 29-year-old Gary Wang, the co-founder of crypto change FTX.
Wang is one of ten billionaires on the list under the age of 40.
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story by The Texas Tribune Source link
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