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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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    tilman's big deal

    Houston billionaire Tilman Fertitta acquires Caesars for $17.6 billion

    Eric Sandler
    May 28, 2026 | 9:08 am
    Golden Nugget hotel pool exterior
    Photo courtesy of Golden Nugget
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    Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

    Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

    Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

    The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt. The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

    Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium. It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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