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Local billionaires Jeffery Hildebrand and Tilman Fertitta top list of richest in Houston, per Forbes

Jeff and Mindy Hildebrand at the Camp for All event September 2014

Jeffrey Hildebrand's fortune went up this year.

Photo by Anthony Rathbun

Austin's Elon Musk and Michael Dell are the richest people in Texas, but Houston billionaires are not far behind, according to the new Forbes 400, a list of the 400 richest people in the United States for 2023.

Houston oil tycoon Jeffery Hildebrand is the eighth-richest Texan, and the 51st most affluent person in the United States, Forbes says.

According to Forbes, Hildebrand's net worth in 2023 is estimated at $13.7 billion, which has steadily climbed from his 2022 net worth of $11 billion. Hildebrand, 64, co-founded Hilcorp Energy Company in 1990, and serves as the chairman and CEO after buying out his partner's stake for $500 million. The company has been hard at work expanding its foothold in the oil industry over the last three decades.

"In 2020 Hilcorp finalized the $5.6 billion acquisition of BP's assets in Alaska," Forbes wrote in Hildebrand's profile. "He has built Hilcorp into America's biggest privately owned oil company (by production volumes)."

As CultureMap reported, in 2015, Hildebrand made headlines when he gifted each of his 1,381 employees a $100,000 holiday bonus.

Forbes' list, published October 3, is a definitive ranking of the wealthiest Americans, using interviews, financial data, and documentation provided by billionaires and their companies.

According to the report, America's elite class is now worth $4.5 trillion total, which ties a record previously set in 2021.

Unsurprisingly, Musk ranks No. 1 nationally, with a net worth of $251 billion.

Here's how the rest of Houston's billionaires fared on this year's list:

Houston hospitality king and Rockets owner Tilman Fertitta ranks 114th nationally with an estimated net worth of $8 billion.
Oil and gas chairman Richard Kinder ranks No. 123 nationally with an estimated worth of $7.5 billion.
Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 128th nationally. Each has an estimated net worth of $7.4 billion.
Toyota mega-dealer Dan Friedkin ties for 184th nationally with an estimated net worth of $5.7 billion.
Houston Texans owner Janice McNair ties for No. 192 nationally with an estimated net worth of $5.6 billion.
Local hedge fund honcho John Arnold ranks 345th nationally with an estimated net worth of $3.3 billion.
Energy exploration chief exec George Bishop of The Woodlands ranks No. 356 with an estimated net worth of $3.2 billion.

400 richest people Forbes billionaires reports houston

hey, joe

Trader Joe's sets Cypress opening date, confirms Bellaire plans

Photo courtesy of Towne Lake by Caldwell Communities Facebook page

Trader Joe's is expanding, and shoppers couldn't be happier.

Two new Houston-area communities announced that they would be opening Trader Joe's locations, bringing the total number of stores in the city to nine.

On Thursday, December 18, the Towne Lake by Caldwell Communities Facebook page posted that the new Trader Joe's at 9715 Towne Lake Parkway would open at 8 am on Friday, December 19. Unsold but still-good products left over at the ribbon cutting ceremony will be donated to local nonprofits.

"Not only does Trader Joe's have great prices on food, drinks, and treats, but as a hobby florist I always find the best selections for my floral arrangements," Copperfield resident Kelsey Zuchlewski tells CultureMap. "Now, with the convenience of having a location right here in our neighborhood, I'm in heaven."

Confirmation of the Cypress opening followed an announcement on the City of Bellaire's Facebook page that a Trader Joe's would take over the former Randall's at 5130 Bellaire Blvd. The post did not specify when construction will begin or when the location will open.

"This highly anticipated addition to our community will bring a unique grocery shopping experience and further enhance the vibrant retail landscape of Bellaire," the post said. "We look forward to welcoming Trader Joe’s and will share updates as the project progresses."

The California-based chain of stores entered Houston in 2012, first in the Woodlands and then, more famously, at the old Alabama Theater space on Shepherd, where it has become a beloved local institution. Since then, the chain has expanded throughout Houston, including a Kingwood location that opened earlier this month.

Over the year, Trader Joe's has built a loyal following that rivals even H-E-B. Staff at the stores (wearing Hawaiian shirts) are trained to be extremely friendly and helpful, as well as being encouraged to purchase ownership in the company. The selection is smaller and more curated than other larger grocery stores, leading to a boutique experience that many consider to be surprisingly affordable. At least one viral TikToker claims that Trader Joe's beats H-E-B's price, although the latter undoubtedly has a larger selection of goods.

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