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    Mo’ money

    11 Houston billionaires join Elon Musk on Forbes' list of the world's richest

    John Egan
    Apr 6, 2022 | 10:45 am
    BBVA MFAH Rooftop Garden cocktail reception Rich Kinder
    Richard Kinder once again lands on this prestigious list.
    Photo courtesy of BBVA

    In the battle of the world’s billionaires, a newly minted Texan comes out on top — and nearly a dozen Houstonians fare quite well.

    Forbes magazine’s new ranking of the world’s richest people puts Texas transplant Elon Musk at No. 1, with a net worth of $219 billion. That’s up from $151 billion in 2021, $24.6 billion in 2020, $22.3 billion in 2019, and $19.9 billion in 2018. The CEO of Austin-based vehicle manufacturer Tesla and leader of a host of other businesses, Musk was ranked second on Forbes’ 2021 list. He sat behind Amazon founder Jeff Bezos, whose net worth in 2021 was pegged at $177 million. This year, Forbes estimates Bezos’ net worth is $171 billion.

    Here in Houston, 11 locals land on the prestigious list. They are:

    • Oil mogul Jeffery Hildebrand: tied for No. 316, $7.5 billion, up from $2 billion
    • Pipeline magnate Richard Kinder: tied for No. 316, $7.5 billion, up from $7 billion
    • Houston siblings and pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams: each tied for No. 375, $6.6 billion, up from $6 billion
    • Hospitality titan and Houston Rockets owner Tilman Fertitta: tied for No. 471, $5.6 billion, up from $4.6 billion
    • Houston software entrepreneur Robert Brockman: tied for No. 601, $4.7 billion, down from $6 billion
    • Toyota mega-dealer Dan Friedkin: tied for No. 665, $4.3 billion, up from $4.1 billion
    • Houston Texans owner Janice McNair: tied for No. 687, $4.2 billion, up from $4.1 billion
    • Hedge fund honcho John Arnold: tied for No. 913, $3.3 billion, unchanged from last year

    Meanwhile, Nearly 30 other Texans appear in this year’s top 1,000. Here, they are grouped by where they live and their global ranking, 2022 net worth, and 2021 net worth.

    Austin

    • Elon Musk, founder and CEO of Tesla: No. 1, $219 billion, up from $151 billion
    • Michael Dell, founder, chairman, and CEO of Round Rock-based Dell Technologies: No. 24, $55.1 billion, up from $45.1 billion
    • Venture capitalist Robert Smith: tied for No. 369, $6.7 billion, up from $6 billion
    • Tito’s Vodka baron Bert “Tito” Beveridge: tied for No. 637, $4.5 billion, down from $4.6 billion
    • Tech entrepreneur Thai Lee: tied for No. 709, $4.1 billion, up from $3.2 billion

    Dallas

    • Dallas Cowboys owner Jerry Jones: tied for No. 185, $10.6 billion, up from $8.9 billion
    • Banking and real estate kingpin Andy Beal: tied for No. 201, $9.9 billion, up from $7.9 billion
    • Oil and real estate titan Ray Lee Hunt: tied for No. 386, $6.5 billion, up from $4.2 billion
    • Money manager Ken Fisher: tied for No. 509, $5.3 billion, down from $5.5 billion
    • Media magnate and Dallas Mavericks owner Mark Cuban: tied for No. 601, $4.7 billion, up from $4.4 billion
    • Oil and gas guru Trevor Rees-Jones: tied for No. 637, $4.5 billion, up from $4 billion
    • Hotel and investment titan Robert Rowling: tied for No. 637, $4.5 billion, up from $3.9 billion
    • Oil baron W. Herbert Hunt: tied for No. 665, $4.3 billion, up from $2 billion
    • Margot Birmingham Perot: widow of tech and real estate entrepreneur H. Ross Perot Sr., tied for No. 665, $4.3 billion, up from $4.1 billion
    • Oil and gas tycoon Kelcy Warren: tied for No. 728, $4 billion, up from $3.4 billion
    • Real estate bigwig H. Ross Perot, Jr.: tied for No. 951, $3.2 billion, up from $1.6 billion

    Fort Worth

    • Walmart heiress Alice Walton: No. 18, $65.3 billion, up from $61.8 billion
    • Oil and investment guru Robert Bass: tied for No. 536, $5.1 billion, unchanged from last year
    • Private equity magnate David Bonderma: tied for No. 637, $4.5 billion, up from $4.1 billion
    • Investor and oilman Sid Bass: tied for No. 883, $3.4 billion, up from $2.9 billion

    Elsewhere in Texas

    • Sports and entertainment mogul Stan Kroenke (Vernon): tied for No. 183, $10.7 billion, up from $8.2 billion
    • Walmart heiress Ann Walton Kroenke (Vernon): tied for No. 227, $9 billion, up from $8.4 billion
    • Oil tycoon Autry Stephens (Midland): tied for No. 552, $5 billion, not previously ranked

    “The tumultuous stock market contributed to sharp declines in the fortunes of many of the world’s richest,” Kerry A. Dolan, assistant managing editor of Wealth at Forbes, says of this year’s ranking. “Still, more than 1,000 billionaires got wealthier over the past year. The top 20 richest alone are worth a combined $2 trillion, up from $1.8 trillion in 2021.”

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    double down

    Apple doubles Houston factory's footprint to make Mac mini computers

    Laura Furr Mericas, InnovationMap
    Feb 24, 2026 | 4:15 pm
    Apple Houston Advanced Manufacturing Center
    Courtesy of Apple
    Apple will double the footprint of its Houston manufacturing site.

    Tech giant Apple announced that it will double the size of its Houston manufacturing footprint as it brings production of its Mac mini to the U.S. for the first time.

    The company plans to begin production of its compact desktop computer at a new factory at Apple’s Houston manufacturing site later this year. The move is expected to create thousands of jobs in the Houston area, according to Apple.

    Last year, the Cupertino, California-based company announced it would open a 250,000-square-foot factory to produce servers for its data centers in the Houston area. The facility was originally slated to open in 2026, but Apple reports it began production ahead of schedule in 2025.

    Apple Mac mini Apple will make the Mac mini in Houston.Courtesy of Apple

    The addition of the Mac mini operations at the site will bring the footprint to about 500,000 square feet, the Houston Chronicle reports. The New York Times previously reported that Taiwanese electronics manufacturer Foxconn would be involved in the Houston factory.

    Apple also announced plans to open a 20,000-square-foot Advanced Manufacturing Center in Houston later this year. The project is currently under construction and will "provide hands-on training in advanced manufacturing techniques to students, supplier employees, and American businesses of all sizes," according to the announcement. Apple opened a similar Apple Manufacturing Academy in Detroit last year.

    “Apple is deeply committed to the future of American manufacturing, and we’re proud to significantly expand our footprint in Houston with the production of Mac mini starting later this year,” Tim Cook, Apple’s CEO, said in the news release. “We began shipping advanced AI servers from Houston ahead of schedule, and we’re excited to accelerate that work even further.”

    Apple's Houston expansion is part of a $600 billion commitment the company made to the U.S. in 2025.

    ----

    This story was originally published on our sister site, InnovationMap.

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