Elon Musk and 6 other Austin billionaires cash on Forbes list

0

No shock here: The latest Forbes 400 list places Tesla and SpaceX guru Elon Musk as the second richest Americans and first among richest Texans.

What’s shocking, however, is how Musk’s net worth skyrocketed from 2020 to 2021. Hint: It’s over $ 100 billion.

This year, the Forbes 400 estimates his net worth was $ 190.5 billion as of September 3. To give a bit of context, the size of the economy of the state of Kansas is over $ 193 billion.

Last year, Musk’s estimated net worth was $ 68 billion. This means that from 2020 to 2021, his net worth exploded by $ 122.5 billion, or 180%.

Among the richest Americans, only Amazon’s Jeff Bezos beats Musk, but not by many. The Forbes 400 fixes Bezos’ net worth at $ 201 billion as of September 3, down from $ 179 billion in the same period last year.

Forbes lists Musk’s residence as Austin, although he has said he spends much of his time in Boca Chica. The Texas Gulf Coast community is home to Starbase, a launch site for SpaceX rockets. Regardless of where he lives, Musk spends a lot of time in the Austin area, where Tesla is building a $ 1.1 billion vehicle manufacturing plant. Musk moved to Texas last year.

Before Musk came to the Lone Star State, Walmart heiress Alice Walton of Fort Worth was the richest person in Texas. She now sits in second place, with an estimated net worth of $ 67.9 billion. Walton ranks as the 12th richest American woman and richest American woman on this year’s Forbes 400.

Besides Musk, the Austin billionaires who feature on the Forbes 400 are:

  • Michel Dell, Founder, President and CEO of Round Rock-based Dell Technologies. Estimated net worth: $ 50.1 billion. Texas rank: n ° 3. American rank: n ° 18.
  • Robert smith, Founder, Chairman and CEO of private equity firm Vista Equity Partners. Estimated net worth: $ 6.7 billion. Texas rank: n ° 9. American rank: n ° 141.
  • Vodka titan Bert “Tito” Beveridge. Estimated net worth: $ 4.8 billion. Texas rank: n ° 18. American rank: n ° 224 (tie).
  • computer entrepreneur Thai Lee. Estimated net worth: $ 4.1 billion. Texas Rank: No.27 (tie). American rank: No.273 (tie).
  • Software entrepreneur Joe liemandt. Estimated net worth: $ 3 billion. Texas Rank: No.33 (tie). American rank: n ° 377 (tie).
  • Jim Bryer, founder and CEO of venture capital firm Bryer Capital. Estimated net worth: $ 2.9 billion. Texas rank: 35 (tie). American rank: n ° 389 (tie).

Here’s how billionaires from other major Texas subways fared on the Forbes 400 list.

Dallas-Fort Worth

Banking and real estate tycoon Andy Beal of Dallas holds 5th place in Texas and 78th nationally. His estimated net worth is $ 9.9 billion.

Dallas Cowboys Owner Jerry jones of Dallas is at No. 7 in Texas and No. 86 nationally with an estimated net worth of $ 9.1 billion.

Money manager Ken fisher of Dallas ranks 10th in Texas and 151st nationally with an estimated net worth of $ 6.4 billion.

Oil and real estate titan Ray lee hunt of Dallas ranks 16th in Texas and tied for 188th nationally with an estimated net worth of $ 5.7 billions.

Oil and investment tycoon Robert bass of Fort Worth ranks 17th in Texas and 212th nationally with an estimated net worth of $ 5 billion.

The backbone of private equity David Bonderman of Fort Worth ranks 21st in Texas and 247th nationally with an estimated net worth of $ 4.5 billion.

Media mogul and owner of the Dallas Mavericks Marc Cuban of Dallas is 21st in Texas and 247th nationally with an estimated net worth of $ 4.5 billion.

Oil and gas honcho Trevor Rees Jones of Dallas is 21st in Texas and 247th nationally with an estimated net worth of $ 4.5 billion.

Hospitality and investment guru Robert rowling of Dallas ranks 25th in Texas and ranks 261st nationally with an estimated net worth of $ 4.3 billion.

Margot Birmingham Perot of Dallas, widow of tech and real estate entrepreneur H. Ross Perot Sr., ranks 27th in Texas and 273rd nationally with an estimated net worth of $ 4.1 billion.

Oil and gas tycoon Kelcy Warren of Dallas ranks 29th in Texas and 289th nationally with an estimated net worth of $ 3.9 billion.

Big hat of real estate H. Ross Perot Jr. of Dallas ranks 32nd in Texas and 363rd nationally with an estimated net worth of $ 3.2 billion.

Builder Donald horton and the Fort Worth family are tied for 35th in Texas and 389th nationally with an estimated net worth of $ 2.9 billion.

Oil Baron W. Herbert Hunt of Dallas is tied for 35th in Texas and 389th nationally with an estimated net worth of $ 2.9 billion.

Houston

Pipeline tycoon Richard kinder of Houston ranks eighth in Texas and 128th nationally with an estimated net worth of $ 7.1 billion.

King of hospitality and owner of the Houston Rockets Tilman Fertitta of Houston ranks 11th in Texas and 158th nationally with an estimated net worth of $ 6.3 billion.

Houston Pipeline Heirs Dannine avara, Scott Duncan, Milane Frantz, and Randa duncan williams tied for 12th place in Texas and tied for 161st nationally. Each has an estimated net worth of $ 6.2 billion.

Software entrepreneur Robert brockman of Houston ranks 19th in Texas and tied for 229th nationally with a net worth of $ 4.7 billion.

Oil tycoon Jeffery Hildebrand of Houston ranks 20th in Texas and is tied for 240th nationally with a net worth of $ 4.6 billion.

Toyota mega-dealership Dan Friedkin of Houston ranks 24th in Texas and is tied for 253rd with an estimated net worth of $ 4.4 billion.

Houston Texans Owner Janice McNair of Houston ranks 26th in Texas and tied for 269th nationally with an estimated net worth of $ 4.2 billion.

The big boss of hedge funds John arnold of Houston ranks 30th in Texas and 358th nationally with an estimated net worth of $ 3.3 billion.


Source link

Share.

Comments are closed.