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    Pandemic be damned

    10 Houston billionaires bank spots on Forbes' 2020 list of richest Americans

    John Egan
    Sep 10, 2020 | 3:45 pm
    Nancy and Rich Kinder at MD Anderson Legends dinner
    Kinder, with wife, Nancy.
    Photo by Michelle Watson/Catchlight Group

    In a booming, opportunity city full of tycoons, which billionaire reigns supreme? That honor goes to Richard Kinder, the pipeline mogul worth $6.2 billion — who is also a familiar name in philanthropic circles as a chief benefactor of Memorial Park. Locals may also recognize his name on the new Museum of Fine Arts, Houston building.

    Kinder, and his wife, Nancy, join an impressive list of Texans on the 2020 edition of the Forbes 400, which ranks the 400 richest Americans and was released September 8. (See their methodology here.) "Pandemic be damned: America’s 400 richest are worth a record $3.2 trillion, up $240 billion from a year ago, aided by a stock market that has defied the virus," Forbes writes.

    Around Houston, the richest-of-the-rich list looks similar to recent years. Here's how local billionaires rank nationally in 2020 and how their wealth has fared:

    Houston:

    • Richard Kinder — $6.2 billion, No. 103. Last year: $7.5 billion.
    • Pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams — $4.8 billion each, No. 139. Last year: $6.3 billion.
    • Houston Rockets owner and restaurant kingpin Tilman Fertitta — $4.1 billion, No. 181. Last year: $4.9 billion.
    • Toyota titan Dan Friedkin of Houston — $4.1 billion, No. 181. Last year: $4 billion.
    • Houston Texans co-founder Janice McNair — $3.9 billion, No. 197. Last year: $4 billion.
    • Houston energy executive Jeffery Hildebrand — $3.6 billion, No. 222. Last year: $3.8 billion.
    • Former hedge fund manager John Arnold — $3.3 billion, No. 249. Last year: $3.3 billion.

    Meanwhile, Walmart heiress Alice Walton of Fort Worth has retained her status as the richest Texan and America’s richest woman in 2020, with a net worth estimated this year at $62.3 billion. That compares with $51.4 billion in 2019.

    Walton moved up from No. 11 last year to No. 10 this year in the Forbes ranking of the richest Americans.

    From 2019 to 2020, Walton’s net worth jumped by $10.9 billion. To give you an idea of how much money that is, the size of the economy in Africa’s Republic of Congo totaled $10.8 billion in 2019. Walton’s entire net worth is slightly more than the size of the Costa Rican economy (nearly $61.8 billion in 2019).

    Here’s the regional breakdown for Texas’ remaining Forbes 400 billionaires.

    Dallas-Fort Worth:

    • Dallas Cowboys owner Jerry Jones — $8.6 billion, No. 56. Last year: $8.6 billion.
    • Dallas banker and real estate investor Andy Beal — $7.6 billion, No. 67. Last year: $9.8 billion.
    • Fort Worth oil and gas heir Robert Bass — $4.8 billion, No. 139. Last year: $4.9 billion.
    • Dallas oil and gas heir Ray Lee Hunt — $4.6 billion, No. 154. Last year: $5.2 billion.
    • Dallas Mavericks owner Mark Cuban — $4.2 billion, No. 177. Last year: $4.1 billion.
    • Margot Birmingham Perot, widow of Dallas tech entrepreneur Ross Perot — $4 billion, No. 186. Last year: $4.2 billion.
    • Fort Worth private equity titan David Bonderman — $4 billion, No. 186. Last year: $3.7 billion.
    • Omni Hotels and Gold’s Gym king Robert Rowling of Dallas — $3.9 billion, No. 197. Last year: $5.5 billion.
    • Oil and gas chief Trevor Rees-Jones of Dallas — $3.5 billion, No. 228. Last year: $3.7 billion.
    • Dallas pipeline executive Kelcy Warren — $2.8 billion, No. 299. Last year: $4.3 billion.
    • Dallas real estate honcho H. Ross Perot Jr. — $2.5 billion, No. 339. Last year: $2.2 billion.
    • Fort Worth oil heir Sid Bass — $2.3 billion, No. 359. Last year: $3.1 billion.
    • Dallas banker Gerald Ford — $2.1 billion, No. 391. Last year: $2.3 billion.

    Austin:

    • Michael Dell, tech magnate — $35.6 billion, No. 18. Last year: $32.3 billion.
    • Robert Smith, private equity entrepreneur— $6.2 billion, No. 125. Last year: $5 billion.
    • Bert “Tito” Beveridge, vodka tycoon — $4.6 billion, No. 154. Last year: $4.2 billion.
    • Thai Lee, tech entrepreneur — $3.1 billion, No. 268. Last year: $3 billion.
    • Joe Liemandt, software entrepreneur — $3 billion, No. 278. Last year: $3 billion.
    • John Paul DeJoria, hair care and tequila mogul — $2.7 billion, No. 319. Last year: $3.1 billion.
    • Jim Breyer, venture capitalist — $2.4 billion, No. 353. Last year: $2.5 billion. (Breyer recently relocated from Silicon Valley to Austin).
    • Brian Sheth, private equity entrepreneur — $2.3 billion, No. 359. Last year: $2.2 billion.

    Of note, in just one year, Dell’s net worth soared by $3.3 billion — more than the entire net worth of fellow Austin billionaire Thai Lee. The chairman and CEO of the Round Rock-based tech company that bears his name is Austin's richest resident.

    Elsewhere in Texas:

    • Walmart heiress Ann Walton Kroenke — $8.4 billion, No. 58. Last year: $7.5 billion.
    • Real estate, sports, and entertainment big shot Stan Kroenke — $8.3 billion, No. 59. Last year: $9.7 billion. (The Kroenkes live on a massive ranch near the North Texas town of Vernon.)
    • Investor and former grocery distributor Drayton McLane Jr. of Temple — $2.8 billion, No. 299. Last year: $2.6 billion. McLane is former owner of the Houston Astros.
    • Hearing-aid mogul Bill Austin of Brownsville — $2.2 billion, No. 378. Last year: $2.4 billion.
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    telling stories

    Black-owned Houston bookstore opens new home in historic Third Ward space

    Craig D. Lindsey
    May 13, 2025 | 2:45 pm
    Kindred Stories bookshore Eldorado Ballroom
    Photo by Craig D. Lindsey
    Kindred Stories has moved to its new location.

    Even though its grand reopening will be held this Saturday, May 17, Third Ward bookstore Kindred Stories has already begun a soft opening at its new location inside the Eldorado Ballroom at 2310 Elgin Street.

    Since September 2021, the Black-owned bookstore was located on Stuart St., one of many businesses that came to life thanks to Project Row Houses’ Incubation Program. Last year, the nonprofit informed Kindred and the other business that they had to vacate their premises at the end of this month to allow new businesses to occupy the spaces.

    Thankfully, Kindred already had its eye on the Eldorado location, next to neighborhood eatery The Rado Market (which has a collection of cookbooks curated by Kindred). It’s a space previously held by Hogan Brown Gallery, which abruptly closed in December. “I had caught wind that this space might be available,” Kindred founder/owner Terri Hamm tells CultureMap.

    Hamm turned the moving process into a fun little event for her and her loyal customers. “Last Tuesday, we invited about 20 of our top community members that, you know, are always in the store and have really supported us all of the year,” she says. “We packed up all the books in the space in an hour and, then, we moved everything in an hour. So it was like the beautiful way to close out that space in the midst of the community that has really supported us throughout three-and-a-half years there. And we spent the last four days kind of unboxing and just getting all set up.”

    Hamm says the new location is certainly roomier (around 1200 square feet) than their previous spot, which was only 450 square feet.

    “There's more room to just spend time in the store,” she says. “I feel like that's the ideal bookstore experience, when you can go in and really take your time. I feel like in the other space, it was so small, people kind of felt like they were in a rush.”

    Although Kindred is open and ready to welcome anyone looking for Black-and-proud literature, Hamm insists they’re only 90 percent done. More light fixtures need to be installed. Plants and furniture have to be brought. They even have custom-made wallpaper that needs to be installed.

    “So, we have a few little things that need to happen,” says Hamm, “And, then, I feel like the space will be really, really ready – probably in another six months.”

    In the meantime, it’s business as usual. This month’s calendar of events includes various appearances from authors as well as a couple of book clubs. Hamm is looking forward to new bookworms coming in and discovering what Kindred Stories has to offer.

    “The bestsellers are selling,” she says, “But I feel like, in this space, people are going to get to discover a lot of under-the-radar titles, just because there's more space to see the books and explore.”

    kindred storieseldorado ballroomshoppingbooksbookstoresopenings
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