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The list features several sets of siblings. In cases where siblings inherited family fortunes and now share the same net worth, as reported by Forbes, we listed them as a single entry. In others, they are listed separately along with their separate sources of wealth.
Keep reading for a complete look at the 25 richest people in Texas.
According to Forbes, Dallas-based businessman Gerald Ford earned his fortune by purchasing distressed banks. Today, Ford owns 16% of shares at Hilltop Holdings and is the majority shareholder at Mechanics Bank.
Joe Liemandt earned his fortune by founding Trilogy Software company and investment firm ESW Capital, which focuses on acquiring software companies. Liemandt lives in Austin, Texas.
John Arnold earned his fortune through his hedge fund Centaurus Advisor. He previously worked at Enron, and now dedicates the majority of his time to philanthropy efforts.
David "Bondo" Bonderman cofounded TPG firm with Jim Coulter in 1992. Today, the company holds $84 billion in assets. While Coulter is based in San Francisco, Bonderman resides in Fort Worth.
Houston-based oil mogul Jeffery Hildebrand cofounded his company Hilcorp in 1990. Today, the company is the largest privately owned oil company in America. According to Forbes, "In 2015 Hildebrand gave each of his 1,400 employees a $100,000 bonus after they doubled the size of his company in five years."
Janice McNair's husband Robert — who died in 2018 — owned the Houston Texans NFL team. He earned his fortune in 1999 after selling Cogen Technologies for $1.5 billion.
H. Ross Perot earned his fortune selling multiple tech companies over the years. Perot sold his self-founded Electronic Data Systems company to G.M. for $15 billion in 1986; he sold Perot Systems to Dell Computer for $3.9 billion in 2009. Perot began his career at IBM, and also ran for president in the 1990s.
Dan Friedkin is the owner and CEO of Gulf States Toyota, founded by his father in 1969. In 2017, the Houston-based company sold $9 billion of Toyota cars. Additionally, Friedkin invests in luxury resort properties.
Bert "Tito" Beveridge founded Tito's Vodka in 1997. According to Forbes, he borrowed $90,000 across 19 credit cards to start his company; two decades later, the brand was worth $2.5 billion. Beveridge grew up in San Antonio, and today his company is based in Austin. In 2017, the Tito's brand sold 63 million bottles of vodka.
Trevor Rees-Jones founded Dallas-based Chief Oil & Gas in 1984, currently the largest privately owned natural gas producer in America. According to Forbes, Rees-Jones is close friends with the Bush family. His self-named foundation holds $520 million in assets.
Oil tycoon Kelcy Warren cofounded Energy Transfer, the company that completed the $3.8 billion Dakota Access Pipeline project. He currently serves as chairman and CEO of Energy Transfer Equity, one of his three public companies.
Ray Lee Hunt leads both Hunt Consolidated and Hunt Oil, one of America's oil giants. Hunt inherited the oil company from his father, H.L. Hunt, and plans to pass on the business to his son, Hunter Hunt.
Tilman Fertitta is the reigning chairman and CEO of Fertitta Entertainment. His company owns Landry's, the parent company of Bubba Gump Shrimp Co. Additionally, Fertitta owns the Houston Rockets basketball team and Golden Nugget Casinos.
Robert F. Smith earned his fortune after founding his firm Vista Equity Partners in 2000. Today, the company holds over $46 billion in assets. Smith previously worked at Kraft Foods and Goodyear Tire as an engineer before entering the business world.
According to Forbes, Dallas-based Robert Rowling purchased Omni Hotels with the $500 million he received from selling his family's oilfields. He later added to his substantial fortune by purchasing Gold's Gym.
6. Scott Duncan, Milane Duncan Frantz, Dannine Duncan Avara, and Randa Duncan Williams
Jerry Jones is the current owner and general manager of the Dallas Cowboys. Jones purchased the football team in 1989 for $150 million; according to Forbes, the team is worth $5 billion today. As of 2018, Jones is also the controlling shareholder of Texan oil and gas company Comstock Resources.
Richard Kinder is the current chairman of eponymous Kinder Morgan, an oil and gas pipeline company he cofounded in 1997. Now the "largest U.S. energy infrastructure firm," the company is based in Houston, Texas. Kinder also runs a self-named foundation, which has made major donations to organizations in Houston.
Andrew Beal is a Texas-based banker. Based in Dallas, he is the founder and owner of Beal Financial Corporation. The company's assets total more than $7 billion. According to Forbes, "He made a tidy sum during the Great Recession, scooping up beaten-down assets while the nation's biggest banks were being bailed out by taxpayers."
