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Lone Star Wealth

The richest families in Texas: Forbes list has a few billionaire surprises

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margot perot, ross perot, journey around the sun gala
Margot and Ross Perot at the Journey Around the Sun Gala at the Perot Museum of Nature and Science. Photo by Jason Janik
Brian Bolke, Nancy Dedman, Brad Kelly
Nancy Dedman with Brian Bolke (left) and Brad Kelly (right) at a Forty Five Ten party. Photo by Jerry McClure
1 Albert and Anne Chao at the MFAH Impressionism dinner December 2013
Albert and Anne Chao. Photo by © Jenny Antill
Thomas Hoyt Friedkin Houston billionaire Gulf States Toyota
Thomas Hoyt Friedkin, founder of Gulf States Toyota. Forbes.com
News_Jan Duncan_Dan Duncan
Jan Duncan and the late Dan Duncan. Photo by Fulton Davenport: PWL Studio
Charles Butt H-E-B San Antonio billionaire at 2013 H-E-B Excellence in Education Awards
San Antonio's Charles Butt of H-E-B at the 2013 H-E-B Excellence in Education Awards. Photo courtesy of Business Wire
Cynthia and George Mitchell at opening of the Cynthia Woods Mitchell Pavilion in The Woodlands in 1990
Cynthia and George Mitchell at opening of the Cynthia Woods Mitchell Pavilion in The Woodlands in 1990. www.Science.TAMU.edu
Annette Simmons, Harold Simmons
Annette and the late Harold Simmons. Annette Simmons, Harold Simmons Photo by Kristina Bowman
margot perot, ross perot, journey around the sun gala
Brian Bolke, Nancy Dedman, Brad Kelly
1 Albert and Anne Chao at the MFAH Impressionism dinner December 2013
Thomas Hoyt Friedkin Houston billionaire Gulf States Toyota
News_Jan Duncan_Dan Duncan
Charles Butt H-E-B San Antonio billionaire at 2013 H-E-B Excellence in Education Awards
Cynthia and George Mitchell at opening of the Cynthia Woods Mitchell Pavilion in The Woodlands in 1990
Annette Simmons, Harold Simmons

The latest Forbes list of America's Richest Families has a Texas flavor. Twenty-one Lone Star families were named among the 185 wealthiest clans in the United States. The Dallas-Fort Worth area topped the statewide list, with nine families. Houston had seven; San Antonio had two; and Uvalde, Tyler and Midland each had one.

The list, which was released July 9, includes multigenerational families of all sizes, ranging from just two brothers to the 3,500 members of the Du Pont clan. Families needed at least a combined net worth of $1 billion to make the cut.

The source of Texas wealth was predictable — oil, energy, chemicals — and sometimes surprising; the owners or founders of Academy Sports & Outdoors, Whataburger, H-E-B and Mary Kay Cosmetics were named to the elite list.

The four heirs of Houston oilman Dan Duncan ranked No. 10 on the overall list and tops in Texas, with an estimated net worth of $25.4 billion. The 34 members of the Hunt family in Dallas ranked No. 13 overall, with an estimated net worth of $15 billion.

Others on the list from Dallas-Fort Worth, with rank, estimated net worth and source of income:

The Houston families:

  • Chao family (No. 62, $4.3 billion, chemicals)
  • Friedkin family (No. 75, $3.3 billion, Toyota distributor)
  • Gochman family (No. 100, $2.3 billion, Academy Sports & Outdoors)
  • Mitchell family (No. 100, $2.3 billion, oil)
  • Walter family (No. 121, $1.9 billion, energy)
  • Adams family (No. 156, $1.3 billion, self-made). Bud Adams, who moved the Houston Oilers to Nashville in 1997, remained in Houston until his death last year, although Forbes says the family business in based in the Tennessee city.

In San Antonio, the Butt family, owners of H-E-B, have an estimated net worth of $10.1 billion and ranked No. 23, while the Dobson family, owner of Whataburger, ranked No. 142 with $1.5 billion.

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