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From left: Andrew Beal, Ben Lamm, Miriam Adelson, Trevor Rees-Jones, Jerry Jones.
Forbes has released its annual ranking of the world’s wealthiest people. The 2025 edition featured more than 30 North Texans, the richest of whom is Alice Walton. The only daughter of the late Walmart founder Sam Walton is the wealthiest woman in the world and a resident of Fort Worth.
New Dallas Mavericks Owner Miriam Adelson is the second richest woman with North Texas ties on the list, followed by Elaine Marshall, a Koch Industries heiress, and Lyndal Stephens Greth, the former chair of Endeavor Energy.
Dallas Cowboys Owner Jerry Jones is the richest man in DFW, followed by banking executive Andy Beal. New players have emerged on this year’s list including Ben Lamm, who is working to resurrect the woolly mammoth and other extinct species.
Here’s the full list:
Alice Walton
Net Worth: $89.2 billion
Residence: Fort Worth
Source of wealth: The sole heiress to Sam Walton’s Walmart empire, the Fort Worthian is the richest woman in the world after her wealth skyrocketed 46 percent over the last year due to the growth of Walmart’s stock.
Miriam Adelson, and family
Net Worth: $32.1 billion
Residence: Las Vegas
Source of wealth: Adelson is the widow to Sheldon Adelson, the founder of Las Vegas Sands, one of the world’s biggest casino developers. She and son-in-law Patrick Dumont purchased the Dallas Mavericks from Mark Cuban in 2023.
Elaine Marshall, and family
Net Worth: $28.3 billion
Residence: Dallas
Source of wealth: Marshall is the heiress to the late Koch Industries owner Everett Pierce Marshall. Along with her two sons, she owns 16 percent of Koch Industries.
Lyndal Stephens Greth, and family
Net Worth: $25.8 billion
Residence: Dallas
Source of wealth: Greth is the daughter of the late Autry Stephens, who founded Endeavor Energy. She chaired the company following his death. In 2024, Diamondback Energy bought her family’s company for $26 billion.
Jerry Jones, and family
Net Worth: $16.6 billion
Residence: Dallas
Source of wealth: The owner of the Dallas Cowboys got his start in the oil and gas business. His Cowboys are the most valuable sports team in the world.
Andrew Beal
Net Worth: $12 billion
Residence: Dallas
Source of wealth: Beal is the owner of Beal Bank, which boasts assets in excess of $20 billion. He was once named the country’s most profitable banker by American Banker.
Ken Fisher
Net Worth: $11.2 billion
Residence: Dallas
Source of wealth: He founded Fisher Investments in 1979 with just $250. The firm manages more than $270 billion in assets.
Robert Rowling
Net Worth: $8.5 billion
Residence: Dallas
Source of wealth: He sold his family’s oilfield assets in 1996 for $500 million and re-invested the capital into the acquisition of Omni Hotels.
Kelcy Warren
Net Worth: $7.1 billion
Residence: Dallas
Source of wealth: The energy tycoon co-founded Energy Transfer in 1996. In 2024, the company reported more than $82 billion in revenue.
Ray Hunt
Net Worth: $6.8 billion
Residence: Dallas
Source of wealth: He got his start working in oil fields for his father’s Hunt Oil Co. in 1958. Today, he leads Hunt Consolidated, an umbrella over entities involved in oil and gas exploration, among other ventures.
Robert Bass
Net Worth: $5.8 billion
Residence: Fort Worth
Source of wealth: Bass inherited part of his uncle Sid Richardson’s fortune. He is the founder of Oak Hill Advisors.
Mark Cuban
Net Worth: $5.7 billion
Residence: Dallas
Source of wealth: Cuban made his fortune building broadcast.com and eventually purchased the Dallas Mavericks. In 2023, he sold his ownership stake in the team to the Adelson family.
Margot Perot
Net Worth: $5.3 billion
Residence: Dallas
Source of wealth: The widow of the late Ross Perot Sr. is one of the most active philanthropists in North Texas. She initially gave her husband $1,000 to launch EDS, which sold to General Motors for $1.5 billion.
Trevor Rees-Jones
Net Worth: $5.2 billion
Residence: Dallas
Source of wealth: Rees-Jones founded Chief Oil & Gas in 1994. In 2022, he sold his company for $2.6 billion to Chesapeake Energy Corp.
Ross Perot Jr.
Net Worth: $4.6 billion
Residence: Dallas
Source of wealth: The son of the late Ross Perot Sr. has had a profound impact on the DFW real estate market, forming Hillwood and opening the country’s first industrial airport at Alliance and serving as the initial developer of Victory Park.
Steven Udvar-Hazy
Net Worth: $4.4 billion
Residence: Westlake
Source of wealth: He created the airplane leasing industry. The executive chairman of Air Lease Corp. announced is retirement this year. His company did $2.5 billion in revenue last year.
Carl Thoma
Net Worth: $4.4 billion
Residence: Dallas
Source of wealth: Thomas is the founder of private equity firm Thoma Bravo, the world’s largest tech buyout firm.
Ben Lamm
Net Worth: $3.7 billion
Residence: Dallas
Source of wealth: The serial entrepreneur is now leading Colossal, which is working to resurrect the woolly mammoth, dodo bird, and Tasmanian tiger. His company became Texas’ first decacorn earlier this year, a private company worth more than $10 billion.
Sid Bass
Net Worth: $3.6 billion
Residence: Fort Worth
Source of wealth: Bass inherited part of his uncle Sid Richardson’s fortune. He negotiated the $6 billion sale of the family’s oil fields to ExxonMobil in 2017.
Ray Davis
Net Worth: $3.6 billion
Residence: Dallas
Source of wealth: The owner of the Texas Rangers made his fortune co-founding Energy Transfer, one of the world’s largest oil and gas companies, alongside Kelcy Warren.
Fernando De Leon
Net Worth: $2.8 billion
Residence: Dallas
Source of wealth: A Mexican immigrant, De Leon founded Leon Capital Group, a family holding company overseeing $10 billion in private assets.
Gerald J. Ford
Net Worth: $2.7 billion
Residence: Dallas
Source of wealth: Ford has made his fortune turning around stalled banks. He currently owns a 20 percent ownership stake in Hilltop Holdings, which has $16.3 billion in assets.
Ed Bass
Net Worth: $2.5 billion
Residence: Fort Worth
Source of wealth: Bass inherited part of his uncle Sid Richardson’s fortune. His family’s oil fields sold to ExxonMobil in 2017 for $6 billion.
Lee Bass
Net Worth: $2.2 billion
Residence: Fort Worth
Source of wealth: Like Ed, Lee Bass inherited part of his uncle Sid Richardson’s fortune. His family’s oil fields sold to ExxonMobil in 2017 for $6 billion. He owns two ranches in Texas where he raises longhorns.
Reagan Horton
Net Worth: $2.1 billion
Residence: Fort Worth
Source of wealth: He is the son the late Don Horton, founder of homebuilder D.R. Horton which did nearly $37 billion in revenue last year.
Ryan Horton
Net Worth: $2.1 billion
Residence: Fort Worth
Source of wealth: He is the son the late Don Horton, founder of homebuilder D.R. Horton which did nearly $37 billion in revenue last year.
Jayson Adair
Net Worth: $2 billion
Residence: Dallas
Source of wealth: He is the co-CEO of Copart, an online auctioneer for used and totaled automobiles. He owns 4 percent of the company’s stock.
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John Goff
Net Worth: $1.9 billion
Residence: Fort Worth
Source of wealth: Goff managed investments for Richard Rainwater. One of his first deals was a $1 million stake in Roger Staubach’s fledgling tenant rep firm—an investment that ended up being worth more than $70 million. Afterward, Goff put his entire net worth into real estate and built the Crescent empire.
Todd Wagner
Net Worth: $1.9 billion
Residence: Dallas
Source of wealth: He scaled broadcast.com alongside Mark Cuban. The website sold to Yahoo for $5.7 billion.
Clark Hunt
Net Worth: $1.6 billion
Residence: Dallas
Source of wealth: The son of the late Lamar Hunt owns the Kansas City Chiefs and FC Dallas.
Dan Hunt
Net Worth: $1.6 billion
Residence: Dallas
Source of wealth: The son of the late Lamar Hunt owns the Kansas City Chiefs and FC Dallas.
Sharon Hunt
Net Worth: $1.6 billion
Residence: Dallas
Source of wealth: The daughter of the late Lamar Hunt owns the Kansas City Chiefs and FC Dallas.
Tim Headington
Net Worth: $1.2 billion
Residence: Dallas
Source of wealth: In 1978, he founded Headington Oil and sold it for nearly $2 billion more than two decades later. His second act has come as a filmmaker helping fund the productions of Hugo, Argo, and World War Z.
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Ben Swanger
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Ben Swanger is the managing editor for D CEO, the business title for D Magazine. Ben manages the Dallas 500, monthly…