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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

    Beyoncé-loved Houston brunch spot expands and more popular stories

    CultureMap Staff
    Dec 13, 2025 | 11:00 am
    Taste Kitchen + Bar chicken and waffles
    Courtesy of Taste Kitchen + Bar
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    Editor's note: It's time to look back at the top Houston news of the week, beginning with new locations of hot brunch and burger spots. Plus, a Houston enclave is named the richest small town in Texas. Catch up on our most popular stories below, then plan your weekend via this guide.

    1. Beyoncé-loved Houston brunch spot sweetens Sugar Land with new location. One of Houston’s most successful brunch spots has come to Sugar Land. Taste Bar + Kitchen opened its second location on December 10, in the former Veritas Steak & Seafood space.

    2. Third location of Bun B's smash hit smash burger joint sets opening date. One of Houston’s most celebrated burger joints has arrived in Fort Bend County. Trill Burgers opened its new Missouri City location this week.

    3. Eclectic comfort food restaurant to shutter after 21 years in Houston. A staple of the Galleria-area dining scene will soon serve its last meal. Grand Lux Cafe will close January 24, 2026.

    Grand Lux Cafe beignets Grand Lux Cafe is known for its baked-to-order desserts. Grand Lux Cafe/Facebook

    4. Airbnb pledges over $1 million to improve Houston before World Cup. Roughly 30,000 people are expected to stay in Airbnb properties during the 2026 FIFA World Cup. With that in mind, the company has pledged over $1 million to various improvement projects in Houston.

    5. This affluent Houston enclave is the richest small town in Texas. Affluent Houston neighbor Bellaire is cashing in as the richest small town in Texas for 2025, according to new study.

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