Richest Houston Families

Houston's richest families: Forbes adds a familiar name to annual list of America's wealthiest

Houston's richest families: Forbes adds a familiar name to annual list

4 Corbin Robertson, left, and Dr. Robert Sloan at the  Houston Baptist University Lou Holtz dinner November 2014
Cullen family patriarch Corbin Robertson, left, with Houston Baptist University president Dr. Robert Sloan in 2014 photo. Courtesy photo
Holocaust Museum Courage Award Dinner, May 2015, Albert and Dr. Anne Chao, Albert Chao, Y. Ping Sun, David Leebron
Albert and Anne Chao, left, with Y. Ping Sun and Rice University president David Leebron at the Holocaust Museum Courage Award Dinner earlier this year. Photo by Priscilla Dickson and Jacob Power
News, Shelby, Men of Distinction kick-off, Feb. 2015, name, Albert Chao, Lisa Kennedy
Anne and Albert Chao, with Lisa Kennedy in photo shot earlier this year. Photo by CatchLight Group
Thomas Hoyt Friedkin Houston billionaire Gulf States Toyota
Thomas Friedkin. Forbes.com
Charles Butt H-E-B San Antonio billionaire at 2013 H-E-B Excellence in Education Awards
H-E-B owner Charles Butt. Photo courtesy of Business Wire
News_Dan Duncan_billionaire
The family of Dan Duncan, who passed away in 2010, remains Houston's richest family. Courtesy photo
4 Corbin Robertson, left, and Dr. Robert Sloan at the  Houston Baptist University Lou Holtz dinner November 2014
Holocaust Museum Courage Award Dinner, May 2015, Albert and Dr. Anne Chao, Albert Chao, Y. Ping Sun, David Leebron
News, Shelby, Men of Distinction kick-off, Feb. 2015, name, Albert Chao, Lisa Kennedy
Thomas Hoyt Friedkin Houston billionaire Gulf States Toyota
Charles Butt H-E-B San Antonio billionaire at 2013 H-E-B Excellence in Education Awards
News_Dan Duncan_billionaire

One of Houston's best known names has appeared on the latest Forbes list of America's Richest Families. The Cullen family lands at No. 163 on the list, with a $1.5 billion net worth among an estimated 50 descendants of legendary wildcatter Hugh Roy Cullen

The family is one of the city's most philanthropic, with numerous charitable gifts to the University of Houston, Texas Medical Center, arts groups and other nonprofit organizations.

 Nineteen of the 200 families on the list are from Texas. 

Even though the magazine notes that much of the family's investments are in the coal industry, which has gone down in value by 75 percent since the beginning of 2014, it is the Cullens' first appearance on a Forbes richest list since 1996.

The richest family in Houston, and No. 10 in the United States, is the Duncan family, with a net worth of $22.4 billion divided among four family members. Family patriarch Dan Duncan made a fortune in pipelines before his death in 2010 and passed on his considerable wealth to his heirs.

The Hunt family is the richest family in Dallas, with an estimated net worth of $14.2 billion divided among 33 family members. The Hunts are No. 15 on the national list; their source of wealth is oil.

Nineteen of the 200 families on the list are from Texas, and while much of the wealth is derived from oil and gas exploration, Texans on the richest list made their fortunes in such disparate industries as supermarkets, fast food, auto dealerships and sporting goods.

Other Houstonians on the list are:

No. 39 Chao family, with a net worth of $7.2 billion divided among three family members (chemicals)

No. 70 Friedkin family, with a net worth of $4.1 billion divided among two family members (Toyota distributor)

No. 109 Gochman family, with a net worth of $2.5 billion divided among an estimated three family members (Academy sporting goods)

No. 139 Mitchell family, with a net worth of $1.8 billion divided among an estimated 11 family members (oil)

No. 139 Walter family, with a net worth of $1.8 billion divided among an estimated two family members (oil & gas)

Others in the Dallas-Fort Worth area include:

No. 26 Marshall family, with a net worth of $9 billion divided among three family members (source of wealth: diversified)

No. 29 Bass family, with a net worth of $7.2 billion divided among four family members (oil, investments)

No. 56 Perot family, with a net worth of $5.4 billion divided among two family members (investments)

No. 56 Simmons family, with a net worth of $5.4 billion divided among three family members (finance)

No. 149 Rogers family, with a net worth of $1.7 billion divided among an estimated two family members (Mary Kay Cosmetics)

No. 174 Westerman family, with a net worth of $1.4 billion divided among seven family members (oil)

No. 193 Colburn family, with a net worth of $1.2 billion divided among an estimated four family members (electric equipment distributor) 

In San Antonio, the Butt family, owners of H-E-B, came in at No. 24 on the list, with a net worth of $10.4 billion divided among five family members, while the Dobson family, owners of Whataburger, are ranked No. 104, with a net worth of $2.6 billion among three family members.

In Midland, the Fasken family, whose source of wealth is oil, has a net worth of $3.1 billion among four family members and is ranked No. 93 on the list. In Uvalde, the Briscoe family, whose source of wealth is ranch land, has a net worth of $1.3 billion among an estimated eight family members, for a ranking of No. 179.