The other Texas billionaires that made Forbes' list are: Jerry Jones: Owner of the Dallas Cowboys. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio. They view their experiences as having suffered some remote outpostas with the British, say, in India. - Residence: Austin, Texas The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. - Residence: Electra, Texas The median home cost in Midland is Real Estate: $261,500. Smith gave $50 million to Cornell and $20 million to the National Museum of African American History. Collectively, the. There was the roughnecks contempt of the fop in it, yes, but the community sneer also transported a certain sour-grapes jealousy. 18): $32.3 billion Andrew Beal (No. Forbes list is topped by the Walton family, of the Wal-Mart fame, and includes a total of 185 food, financial, energy and media dynasties. El Paso, Temple, Brownsville and The Woodlands all make the cut with one billionaire each. Rafael Dominguez was the richest in midland. Hunt, Herbert in the 1970s joined with brother Nelson Bunker Hunt (d. 2014) to try and corner the world silver market. Theres got to be a higher purpose to serve in this life, he says. The average school expenditure in the U.S. is $12,383. Sixteen of the Most Influential Texas Business Icons of the Past 50 Years, Inside Friscos Lavish, Enormous New Golf Resort. Universal Studios Is Coming to Frisco. Use Next and Previous buttons to navigate. A lot of em came out here fresh from the proper schools back East, married to husbands farmed out to protect second- or third-generation family investments or to serve some corporate interest back there. heritage south customer service; wide elephant stretch exercise; handshake logo images; wealthiest families in midland texas. 15 among the countrys wealthiest families, the Butts have a net worth of $17.8 billion. Source: US Internal Revenue Service - 2018. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment . Pictured above is T.T. When I read Sinclair Lewis Main Street, I was astonished to learn that its self-winding promoters and glad-handing exploiters had done their business in Minnesota rather than Midland. Everybody wore burr haircuts, neckties, class rings, and hopes of riches on their sleeves. Ken Fisher- Net worth: $6.2 billion (#396 wealthiest in the world) The four children of pipeline mogul Dan Duncan Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan inherited a $10 billion estate from their father when he died in 2010. Read on for the complete list of Texas billionaires: No. H.L. The oil and real estate company, which celebrated its 100-year anniversary in May 2013, is one of the regions largest private energy producers with nearly 1,000 wells, according to Forbes. Lee spent 12 years as commissioner of the Texas Parks and Wildlife Department. In 2004 Rowling bought Golds Gym, which Arnold Schwarzenegger made famous; now has more than 700 locations worldwide. In recent years hes been investing in oil. He sold his power generator company Cogen Technologies to Enron for $1.5 billion in 1999, and now invests in public and private equity. Tom Foster writes about business, innovation, and creative people. Four months ago, in November 2012, The Atlantic magazine noted that Midland was the second richest metro area in the country, behind Bridgeport, Conn. Alice Walton- Net worth: $59.2 billion (#19 wealthiest in the world) 49): $9.7 billion Jerry Jones (No. That, to me, is the essential difference between the sister cities of the flat brown plain, and in lonely country where one has a sense of living on the very edge it is not an inconsiderable one. Listed on 2023-01-01. Today, private jet start-up Aerion is the most high-profile investment by low-profile Robert. He launched Titos with $90,000 on 19 credit cards. - Source of wealth: oil, Self Made, #5. Midland 101: Eight Midlanders on list of wealthiest in 1982. I have amassed quite a collection of recipes from my favorite cookbooks and food magazines, and now, because of all the foodie blogs out there, I am adding more every day! Won the World Spirits Competition in 2001. What's that going to be on Big Spring Street? Charles Butt is the reigning patriarch of one of San Antonio's richest families. Couldnt pay me to move there.. They say money can't buy happiness, but it sure can buy many other things. in 1999 for $5.7 billion. - Residence: Houston, Texas 67): $7.5 billion Ann Walton Kroenke (No. It is also the county seat of Midland County. Billionaires are ranked by net worth as of January 3. Funded a $32 million equestrian center at Texas A&M. Accounting. storytelling. Missouri City is one of the wealthiest towns in Texas, with a median household income of $76,572. the Mortal Mustache, a.k.a. The ranking includes 2,153 people who have a combined wealth of $8.7. By the time they sold their oil interests to ExxonMobil in 2017 for $6 billion theyd already been diversifying for 40 years. Dan Solomon writes about politics, music, food, sports, criminal justice, health care, film, and business. Welcome to Palo Pinto, Texass Next State Park, The Photo the Dallas Cowboys Never Wanted the Public to See, The Top 50 Texas BBQ Joints: 2021 Edition, Please Do Not Touch the Toxic Toupee, a.k.a. The foundation has historically been a big a supporter of education, said Executive Director Jeff Alsup, noting the first grant was given to a student. Robert Rowling - Net worth $5.8 billion 56.Ray Lee Hunt - Net worth: $6.1 billion 65. - Source of wealth: Walmart, #8. Son of a cotton broker from Texarkana and graduate of the U.S. While at Cornell, Smith secured an internship at Bell Labs after calling every week for five months. wealthiest families in midland texas. Midwest superstore chain Meijer C-CEO Hank and brother Doug, the company's Co-Chair, came in at No. Job in Dallas - Dallas County - TX Texas - USA , 75215. 11): $51.4 billion Michael Dell (No. What's that going to be on Big Spring Street? Odessa, in this particular, shares instincts with Fort Worth; Midland is more of Dallas, serious minded and buttoned down. Arnold now focuses his brainpoweron strategic philanthropy, pushing much-needed, large-scale policy reform in criminal justice, public pensions and junk science. 15 in Texas. In 1995 Cuban and Indiana U. pal Todd Wagner founded Broadcast.com on the novel idea that people might like to watch video over the interwebs. Owns an estimated 190,000 acres of land across the west. Goldsbury and McCombs in March each had an estimated net worth of $1.6 billion. A mathematics enthusiast, in 1993 he developed the Beal Conjecture, a complex mathematical problem, and offered $1 million to anyone who could solve it. Midlands full of eight-thousand-dollar-a-year millionaires, Odessans liked to sneer. But it's the Walton family of Fort Worth that once again reigns as the richest family in the U.S. Their net worth: $247 billion. MLS # 50056021 Dallas Mavericks owner Mark Cuban is the 21st richest Texan and has a fortune of $3.3 billion, according to Forbes. Midlands old First Families themselves owned much of the underground wealth; their ancestors, tenaciously accumulative, sometimes had left spreads reaching into other Permian Basin counties and even far up into New Mexico. 2 in. Reinvested in Alaskas Cook Inlet and North Slope. The Forbes 400 net worth cut off this year was a record-high $2 billion. in 1984. Movies reach these Permian Basin precincts only after much aging in the can. Son and heir apparent Hunter Hunt has helped move the family business into electric power, building a utility company and a high-voltage interconnection between the grids of Texas and Mexico. 18 on the Forbes list with a net worth of $15.5 billion. Perot insisted that his new office be made identical to his old one out at the former HQ of Perot Systems. Our civic boosters having done their jobs too well, the Odessa kids took us for Highland Park swells. Our offerings reflect the distinct needs . Ken Fisher - Net worth: $6.2 billion (#396 wealthiest in the world) - Residence: Dallas, Texas - Source of wealth: money management, Self Made #18. - Residence: Austin, Texas No. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. ), After stepping down as president of Enron, Kindercofounded pipeline giant Kinder Morgan in 1997. About all I find to do thereoutside of enjoying the company of a precious few old friendsis drink and hope for an improbable romantic adventure while waiting for my flight to be called; its either that or a big night in the Christian Science reading room. But Midlands citizens had sunk everything they had in the future, John Howard Griffin wrote in his Land of the High Sky, and [they] did not want the rest of the world to know the true situation. - Source of wealth: supermarkets, #11. There are a few guidelines and Unless you crave country music or studio evangelists or thirteen super-loud and frantic commercials per six minutes, you have small use for your West Texas radio. With an estimated $10 million donation, Warren in 2012 won the naming rights to a new park in Dallas. Now, at last, someone has noticed. Perot developed the 18,000 acre AllianceTexas logistics center in Fort Worth, but is determined to make a lasting contribution to the Dallas skyline hes working with famed architect Norman Foster on a 70-story skyscraper project. Hunt. When the John Birch Society discovered that Ike and John Foster Dulles might be leaders of the Internal Communist Conspiracy, it found hundreds of ready West Texas converts: the president of the Odessa Jaycees, indeed, became a paid Birch recruiter; Impeach Earl Warren bumper stickers for years out-numbered Jesus messages. Fort Worth's Alice Walton daughter of Walmart Inc. founder Sam Walton is North Texas' richest person with an estimated net worth of $61.8 billion. It is more, somehow, than neighbors fighting for their respective shares of a common economic pie, and more than communities routinely tussling to see who lands the four-year college or gets to brand its name on a shared airportthough these, certainly, are part of the traditional squabbling. Twelve percent of the wealthiest Texans named on the 1982 list were from Midland. Contents 1 Armed forces 2 Arts 2.1 Film, television, and theater 2.2 Journalism and literature 2.3 Music 3 Athletes 4 Business 5 Government and politics 6 Science and technology 7 Other 8 References Growing up, one of his first jobs was fixing broken TVs. Oil tycoon Autry Stephens has a net worth of $5.2 billion, making him the 552nd richest person in the world. They seem to smell it. 1 richest in Michigan this year, ranking them at 118th worldwide. 167 in the. July 8, 2014. descendants of legendary oilman Hugh Roy Cullen comes in at No. I just have a lot more stills.. #20. The 28 richest American families, ranked. Dallas Cowboys owner Jerry Jones is the fifth richest Texan and has a wealth of $5.6 billion, according to Forbes. The Basses hold down the No . Driven to bring world-class art to Arkansas, in 2011 she opened Crystal Bridges museum in Bentonville. Texas is home to 56 billionaires, according to Forbes' 33rd annual ranking of the world's billionaires released Tuesday. Periodically, in both Midland and Odessa, vigilantes attempt to pluck Hemingway, Steinbeck, Vonnegut, and other dangerous or trashy writers from the library shelves. The next richest Texan is Alice Walton with an estimated $55.7 billion. With his three brothers, Robert Bass inherited a small fortune from their oil tycoon uncle Sid Richardson (d. 1959) and built it into a big one. We tend to drink in bars. Oil workers on a rig in Midland County,Texas. Location-wise, it is interesting in that it is situated at around the same distance to both Dallas and Fort Worth, thus making it an . Ford has a 15% stake in publicly traded Hilltop Holdings, which owns PlainsCapital Bank and insurer National Lloyds Corp. Hes the majority shareholder of Mechanics Bank in California. But in 2012, its Midland, rather than Dallas, that is the top symbol of Texas wealth. - Source of wealth: pipelines, #13. More are on the way, with new projects in Boston, Louisville, Atlanta (in JV with the Braves) and near Dallas (with the Cowboys). Michael Dell- Net worth: $52.5 billion (#23 wealthiest in the world) Lives in Dallas. But 1997 oil and gas had driven him to the drinks trade. Last year Dell managed a coup when he merged his privately-held Denali with publicly-traded EMC Storage in an estimated $60 billion deal. When Walter Cronkite devoted a couple of minutes to the Odessa boom, the town was overrun by migrants seeking work; local officials say the influx brought unemployment up from 2 to 3.1 per cent. Later he launched Perot Systems, which Dell bought for $3.9 billion in 2009. 1 spot with a $59,283 per capita investment income, $279,569 median home value and $126,631 per . The Midland billionaire. In essence, however, they serve the same masters. Dannine Avara- Net worth: $6.5 billion (#364 wealthiest in the world) Forbes lists 73 billionaires in Texas. His Landrys restaurant brands include Bubba Gump Shrimp, Saltgrass Steak House, and every parents animatronic gorilla nightmare: Rainforest Cafe. Arguably Fort Worths biggest booster, Ed Bass has led the drive to revitalize the Texas city, focusing on its downtown Sundance Square and $65 million Bass Performance Hall, which opened in 1998. As recently as last week, Mayor Wes Perry was a guest on the Stuart Varney Show on the Fox Network, a tradition of national media exposure for Midland that began at least 70 years ago when Life magazine was writing features on both the oil industry and the old Midland bombardier school. The companys annual sales are around $28 billion. June 1975 0. Since then he has more than doubled the chain to 60 locations and 21,000 rooms. Odessa once selected General Edwin Walker over John Connally for governor, and always treated Ralph Yarborough as if he carried a social disease. Houston's richest families are not just throwing money away. 226 in the country. People in Midland are called Midlanders. But if you could show decent prospectsa hopeful geological survey, proximity to earlier drilling successes, an option to explore where the signs looked goodthen Midlands banks would finance you to their long-term profit. Quote: Private equity is not immune to market forces. The Johnsons with $61 billion. Job specializations: Finance. Everybody kinda let their equipment run down in the last few years, not much drilling was going on, and when things opened up it caught us off-base. In 2020, no company racked up better publicity that H-E-B, but that's not the only thing they earned. Also has invested in a film production studio thats set to release its first movie, a story based on the kidnapping of oil heir J. Paul Getty III, later this year. Full Time position. Worth $8.4 billion and the 294th richest person in the world. Having worked its eight hours, Midlands white-collar and professional element went to the country club or to bedor, perhaps, to Odessa. This is a list of notable people who were born in, residents of, or otherwise closely associated with the American city of Midland, Texas . Michael Dell of Dell Technologies in Austin is the second-richest Texan with $23.2 billion, according to Forbes. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Save all of your favorite content in one curated collection. Bought his first bank in 1975. Texass Most Venomous Caterpillar. The chain-owned Odessa American (a product of Freedom Newspapers, with headquarters in Orange County, California) is the more blunt and strident; the home-owned Midland Reporter-Telegram tends to pussyfoot or hem and haw. In 1991 Lee donated $20 million to alma mater Yale for a new program in Western Civilization. Gives to Baylor and Michigan State. View more property details, sales history and Zestimate data on Zillow. Forbes lists 73 billionaires in Texas. With wife Mindy he opened Houstons River Oaks Donuts. October 2022 Reader Quiz: What Did You Learn? Andrew Beal- Net worth: $10.0 billion (#174 wealthiest in the world) Back when Midland put much energy into its annual week-long rodeo, civic clubbers with lariats roped and dragged to portable sidewalk jails any citizen or visitor who failed to dress Western. This, to me, always seemed the games of children. List of Wealthiest Zipcodes in Odessa-Midland Area; Rank Map Key Zipcode Zip Name County Adjusted . Cuban has since spent the last decade and a half doing just about anything he wants. Very private. Enjoys ranches in Kentucky and New Mexico, homes in Dallas and the Hamptons. For the more upscale half of the Permian Basin, that was an 11.9% increase from 2010, though as Sarah Higgins of the Midland Reporter-Telegram reported, per capita income in the city actually rose even more (12.9%) between 2009 and 2010. Those who are Disney On Ice Preferred Customers can get a head start and buy tickets now. Tech magnate Elon Musk, who is based out of Texas as of 2021, is the wealthiest man in America with a net worth of $251 billion. November 2022 Reader Quiz: What Did You Learn? For generations Midland and Odessa have been going at it out in West Texas. In retrospect it seems a rather remarkable decision, something like Baptist deacons voting to sponsor a dice tournament or girlie show. If your organization is interested in becoming a Stacker As Sarah Blaskovich ofPegasus Newsnoted, the boom extends to the hotel market, which is consistently besieged with both business travellers and temporary workers. After graduation, he worked for Humble Oil . One also may wonder where Odessa ends and Midland begins, or vice-versa: couldnt you lump the sister cities in a single heap and call them Midessa, possibly without even their Chambers of Commerce noticing? Midland has the lowest unemployment rate in the state, and sales at the local BMW dealership are up 50 percent from two years ago. 14. Believed to own Chub Cay island in the Bahamas and a golf course near Houston. Jones at Mile High stadium Denver. He would later make it big in natural gas, oil and petrochemical pipelines. The less fortunate found a new recreation: driving around West Midland to view sprawling new homessome looking like Mussolini-era depots or the Ramada Inns of a later day or old stone fortswith their manicured lawns and landscaped trees or shrubs. September 17, 2017. A change in methodology by the magazine eliminated H-E-B Chairman and CEO Charles Butt from the ranking. All it takes is want-to. And an independent operator complains, Gettin the hardwares the problem. Its basic. Gave $25 million to the University of Texas business school in 2013. Briggs Freeman Sotheby's International Realty Luxury Homes in Dallas Texas DTX Island Time Simpson Property Group SkyHouse DIFFA Lotus Shop Holiday Pop Up Shop Dallas Clothes Circuit DTX Tastemakers 2014 Elite Dental Elan City Lights Dallas Charity Guide DTX Music Scene 2013 One Arts Party at the Plaza J.R. Ewing AMLI Design District Vibrant Living Cut off this year was a record-high $ 2 billion year, them! 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