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    Richest Families in Texas

    Houston's richest families: Forbes list has several billionaire surprises

    Clifford Pugh
    Jul 10, 2014 | 7:30 am

    The latest Forbes List of America's Richest Families has a Texas flavor. Twenty-one families in the Lone Star State were named to the list of 185 wealthiest clans in the United States. The Dallas-Fort Worth area topped the statewide list, with nine families. Houston had seven (if you include the family of the late Bud Adams, read on), San Antonio had two and Uvalde, Tyler and Midland each had one family included.

    The list, which was released Wednesday, 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 Houston, with rank, estimated net worth and source of income are:

    • 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.

    The Dallas-Fort Worth list includes:

    • Marshall family (No. 26, $9.3 billion, diversified),
    • Bass family (No. 27, $9.1 billion, investments),
    • Perot family (No. 48, $5.6 billion, diversified),
    • Simmons family (No. 52, $5.2 billion, inherited),
    • Rogers family (No. 115, $2 billion, Mary Kay Cosmetics),
    • Westerman family (No. 147, $1.4 billion, oil),
    • Colburn family (No. 156, $1.3 billion, electric equipment distributor),
    • Dedman family (No. 164, $1.2 billion, country clubs).

    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.

    Albert and Anne Chao.

    1 Albert and Anne Chao at the MFAH Impressionism dinner December 2013
    Photo by © Jenny Antill
    Albert and Anne Chao.
    unspecified
    news/city-life

    This Week's Hot Headlines

    Sudden shutter of Killen's Barbecue leads our top 5 Houston stories

    CultureMap Staff
    Dec 6, 2025 | 11:00 am
    Killen's barbecue meat platter with sides
    Photo by Robert Jacob Lerma
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    Editor's note: It's time to look back at the top Houston news of the week, including a sudden shutter and our favorite dishes of the month. Catch up on our most popular stories below, then plan your weekend right here.

    1. Exclusive: Killen's Barbecue will soon shutter in The Woodlands. Killen’s Barbecue’s location in The Woodlands closed for good on Thursday, December 4, just a few days after the shutter was announced.

    2. 2-acre Houston patio bar rebrands with new name and family-friendly menu. A bar in Houston’s Near Northside neighborhood is switching things up with a new name and revised menu. Effective immediately, Woodland Social is now known as White Oak Social.

    3. 2 Houston suburbs named top-10 best Texas cities to move to. Several Houston neighbors have been deemed the best Texas cities to move to, with two local suburbs placing in the top 10.

    4. CultureMap editor's 10 favorite dishes at Houston restaurants in November. November’s dining adventures consisted of a couple of new restaurants; an upscale, contemporary Chinese restaurant in River Oaks; an ambitious neighborhood eatery in Garden Oaks; and a buzzy barbecue spot on the border of Conroe and The Woodlands. Here are Eric Sandler's favorite dishes.

    Lazy Lane birria beef paccheri Lazy Lane is already winning fans in Garden Oaks. Photo by Eric Sandler

    5. Astros and Rockets finally launch streaming service for Houston sports fans. Houston sports fans finally have a way to watch their favorite teams without a cable or satellite subscription.


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