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    The American dream

    Houston oil-and-gas billionaire ranks among America's top 100 landowners

    John Egan
    Jun 11, 2025 | 12:34 pm
    HMNS Great Outdoors Gala 2022 Russell and Glenda Gordy and Red FJ Cruiser

    Russell and Glenda Gordy attended a 2022 gala at the Houston Museum of Natural Science.

    Photo by Jenny Antill

    Texas covers more than 260,000 square miles of land, equivalent to nearly 250 Rhode Islands. Put another way, the Lone Star State encompasses about 166.4 million acres, equivalent to more than 305,000 average Texas farms.

    Given those eye-popping figures, it shouldn’t be a shocker that about one-fourth of the country’s mega-owners of private land have ties to Texas, either living here or owning land here (or both). That’s according to The Land Report’s 2025 list of the country’s top private landowners.

    The highest-ranked Houstonian is oil-and-gas billionaire Russell Gordy (No. 76). He owns 212,000 acres of ranchland in Texas, Montana, and Wyoming. Gordy’s portfolio includes the 1,300-acre Rock Creek Ranch, which features property near Copperas Cove and Llano, and the 19,000-acre La Ceniza Ranch near Uvalde. He sits on the Texas State University System Board of Regents.

    Statewide, the highest-ranked Texan on the list is billionaire Stan Kroenke, who owns more than 1.76 million acres across the country. His empire includes about 60 million square feet of real estate, the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, and the NHL’s Colorado Avalanche. He appears at No. 4 in the ranking.

    Kroenke’s largest property apparently is Waggoner Ranch, a property northwest of Wichita Falls that he bought in 2016. The Land Report says the ranch comprises 560,000 acres; other media reports put the acreage at 535,000. Kroenke also owns land in Nevada and Wyoming.

    Waggoner Ranch Billionaire Stan Kroenke owns Texas' massive Waggoner Ranch. Photo courtesy of Briggs Freeman Sotheby’s International Realty

    Other notable Texas-related landowners in The Land Report’s top 100 (along with their national rankings) include:

    Jeff Bezos (No. 23). The Miami-based billionaire founder of Amazon owns the 165,000-acre Corn Ranch, north of Van Horn, which is about 120 miles west of Fort Stockton. It’s a launch site for his Blue Origin aerospace company. In all, Bezos owns about 462,000 acres of land in the U.S.

    Bass family (No. 38). Oil-and-gas billionaires Ed, Lee, Robert, and Sid Bass of Fort Worth control family holdings that include 285,000 acres of land. In 2017, the family sold 275,000 acres of Permian Basin oilfields to Spring-based ExxonMobil for $6.6 billion.

    Taylor Sheridan (No. 49). The Yellowstone and Landman producer owns 267,000 acres spread across several ranches. The millionaire’s land holdings include the 206,000-acre 6666 Ranch near Lubbock and the 282-acre Bosque Ranch in Weatherford, which he calls home. Sheridan, an alumnus of Texas State University, grew up in Fort Worth and on a ranch in Cranfills Gap, roughly 90 miles northwest of Waco.

    Taylor Sheridan, Nicole Muirbrook 'Yellowstone' creator Taylor Sheridan is one of the biggest landowners in Texas. Getty Images

    Stewart and Lynda Resnick (No. 87). The California-based billionaire couple owns 196,775 acres in Texas and California. Brands under the umbrella of their business, The Wonderful Co., include Fiji Water, POM Wonderful pomegranate juice, Wonderful Pistachios, and flower delivery service Teleflora.

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    REAL ESTATE NEWS

    More Houston homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 10:30 am
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of San Antonio homeowners are bcoming "accidental landlords"

    Houston homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 4.2 percent of its local for-sale listings recently converted to rentals, making the Bayou City the second-worst U.S. city for the market trend.

    Only Denver (4.9 percent) ranks higher, with Austin (4.1 percent) and San Antonio (3.9 percent) not far behind. Seven of the top 10 metros are in Texas or Florida.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    Meanwhile, the city's rental market keeps getting larger. In 2025, rental listings website Point2Homes placed the Houston area among the top 10 U.S. metros building the most new homes for rent.

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