Richest Houstonians

Houston billionaires take at hit on Forbes 400 Richest Americans list: Who's up and who's down

Houston billionaires take a hit on Forbes 400 Richest Americans list

28 Nancy and Rich Kinder at the Buffalo Bayou Ball November 2014
Rich Kinder, show with wife Nancy, remains Houston's richest man on the Forbes list, although his net worth dropped by $2 billion. Photo by © Katya Horner
News, Shelby, Texans Owners suite, Sept. 2015, Bob McNair, Lynn Wyatt, Janice McNair
Bob McNair, shown with Lynn Wyatt and his wife Janice, jumped up on the Forbes list of 400 RIchest Americans. © Michelle Watson/Catchlight
32 Paige and Tilman Fertitta at the San Luis Salute February 2015
Tilman Fertitta, show with wife Paige, remains on the Forbes list (at No. 293) although his net worth dropped slightly, according to the magazine. Photo by © Michelle Watson/CatchLightGroup.com
Jeff and Mindy Hildebrand at the Camp for All event September 2014
Jeffrey Hildebrand, with wife Mindy, is No. 73 on the Forbes list of 400 Richest Americans. Photo by Anthony Rathbun
John and Laura Arnold billionaires Houston
John Arnold and wife Laura now devote most of their time with their charitable foundation. He is No.227 on the Forbes list. Johan and Laura Arnold Foundation/NPR.org
28 Nancy and Rich Kinder at the Buffalo Bayou Ball November 2014
News, Shelby, Texans Owners suite, Sept. 2015, Bob McNair, Lynn Wyatt, Janice McNair
32 Paige and Tilman Fertitta at the San Luis Salute February 2015
Jeff and Mindy Hildebrand at the Camp for All event September 2014
John and Laura Arnold billionaires Houston

Forbes magazine says it's harder than ever to make the list of the 400 Richest Americans. The cut-off point for this year's list, released Tuesday, is $1.7 billion, the highest it’s been in the 33 years that the magazine has tracked American wealth.

Even so, 36 Texans made the list, including 12 in Houston. But most of the Texans dropped down on the list, largely due to the fall in energy stocks and the rise of high-tech entrepreneurs whose higher net worth pushed others lower down in the rankings.

Leading the list of Houstonians once again is Rich Kinder at No. 52, with an estimated net worth of $8.9 billion. But Kinder's wealth declined nearly $2 billion from last year, when he was ranked No. 41, with a net worth of $10.7 billion.

The heirs of pipeline magnate Dan Duncan — Dannine Avara, Scott Duncan, Milane Frank and Randa Williams — also lost $2 billion each, dropping to No. 94 on the list, with a net worth of $5 billion each. Last year, they were No. 68 on the list, with a net worth of $7 billion each.

And attorney Joe Jamail, who was No. 368 on last year's list with a net worth of $1.7 billion, dropped off the list this year.

But Houston Texans owner Bob McNair jump way up on the list, to No. 194, with a net worth of  $3.3 billion, up from $2.4 billion last year when he was ranked No. 261.

Other Houstonians on the list are:

No. 73 Jeffrey Hildebrand, oil  — $6.3 billion (down from $6.5 billion)

No. 164  Dan Friedkin, owner/CEO Gulf States Toyota — $3.6 billion (up from $3.3 billion)

No. 227 John Arnold, founder Centaurus Advisors — $2.9 billion (same as last year)

No. 279  George Bishop, oil — $2.4 billion (down from $3 billion)

No. 293  Tilman Fertitta, chairman/CEO Fertitta Entertainment — $2.3 billion (down from $2.4 billion)

No. 372  Fayez Sarofim, investor — $1.85 billion (down from $2.1 billion)

Dallas billionaires

In Dallas, 12 billionaires made the list, led by college-dropout-turned-investor Andrew Beal, at No. 42. Although Beal has a net worth of $10.9 billion, he lost more than $1.2 billion from last year, when he was No. 38 with a net worth of $12.1 billion. Others on the list are:

No. 76  Robert Rowling, investor — $6.1 billion

No. 83 Ray Lee Hunt, oil/real estate — $5.6 billion

No. 86 Kelcy Warren, pipelines — $5.5 billion

No 90 Trevor Reese-Jones, oil & gas — $5.3 billion

No. 94 Jerry Jones, Dallas Cowboys owner — $5 billion

No. 138 H. Ross Perot, computer services/real estate — $4 billion

No. 211 Mark Cuban, Dallas Mavericks owner — $3 billion

No. 211 Ray Davis, pipelines — $3 billion

No. 211 Richard Rainwater, investments— $3 billion (Rainwater passed away just before the list was released)

No 293 W. Herbert Hunt, oil — $2.3 billion

No. 327 Gerald Ford, banking — $2.1 billion

Fort Worth billionaires

Fort Worth resident Alice Walton led all Texans on the list at No. 12 with an estimated net worth of $32 billion. But she, too, dropped several places from last year's list when she was at No. 9 with an estimated net worth of $34.9 million.

Others from Fort Worth on the list are Robert Bass (No. 211, net worth $3 billion, oil/investments), David Bonderman (No 256, $2.6 billion, private equity), Edward Bass, Lee Bass and Sid Bass (tied at No. 342, $2 billion each, private investments) and Timothy Headington (No. 358, $1.9 billion; oil & gas, investments).

Austin billionaires

Austin computer magnate Michael Dell was one of the few Texans to rise on the list, to No. 23. His net worth is estimated at $19.1 billion, up from $17.7 billion (and No. 25 ranking) a year ago. Other Austinites are the list are John Paul DeJorgia (No. 234, $2.8 billion, hair care products/tequila) and Robert Smith (No. 268, $2.5 billion, private equity). Smith is one of the few African-Americans on the entire list.

The rest of the state

San Antonio supermarket owner Charles Butt is ranked No. 44, with net worth of $10.7 billion, and former Houston Astros owner Drayton McLane Jr., who lives in Temple, rounds out the Texans on the list at No. 375, with a net worth of $1.8 billion.

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