Jones Family Ranch - 255,000 acres Located on the South Texas coast near Corpus Christi, the Jones family ranches were founded by W. W. Jones in 1897 on land that had been part of the Las. Ann Walton Kroenke- Net worth: $8.7 billion (#215 wealthiest in the world) 1 richest family in the United States with an estimated net worth of $149 billion. The three were worth $10.8, $15.5 and $18.6 billion, respectively. Theyve been a cultural force. In October 1983, just 13 months after the 1982 Forbes 400 issue was released, wealth itself -- as well as Midland's future economic outlook -- changed dramatically with the failure of First National Bank. Pictured above is T.T. The crowd sang along: of blue moons and of bicycles built for two and of goodnights to Irene. Everybody played a lot of golf and drank martinis. 1 spot with a $59,283 per capita investment income, $279,569 median home value and $126,631 per . The prostitutes and con men and knob-knockers are comin back. Weaving together the multigenerational sagas of the industry's four wealthiest families, Burrough brings to life the men known in their day as the Big Four: Roy Cullen, H. L. Hunt, Clint Murchison, and Sid Richardson, all swaggering Texas oil tycoons who owned sprawling ranches and mingled with presidents and Hollywood stars. Among other widely known rich Texans, Dallas Cowboys owner Jerry Jones of Dallas at $5.6 billion is the fifth richest Texan and No. Whats that going to be in north Midland? Midland hung a horse thief from a courthouse tree at the turn of the century; juries in each town have voted people eligible for the electric chair. Joe Gebbia- Net worth: $5.8 billion (#429 wealthiest in the world) Dallas' Hunt family is the second richest in Texas, with an estimated net worth of $14.2 billion divided among 33 family members. They say money can't buy happiness, but it sure can buy many other things. The Richest Woman In The Worldis the only daughter of Wal-Mart founder Sam Walton. Real-time data from Forbes' billionaire list includes notable names such as Dallas Cowboys' owner Jerry Jones, Shark Tank's Mark Cuban, and Walmart heiress Alice Walton. Kids of all ages will be letting it go and not talking about Bruno when Disney On Ice hits the H-E-B Center at Cedar Park in April. Worth $8.4 billion and the 294th richest person in the world. By Larry L. King. The Cullen family which includes more than 50descendants of legendary oilman Hugh Roy Cullen comes in at No. Now removed from the day-to-day action, Kinder is focused on giving it away. Stacker distribution partners receive a license to all Stacker stories, In the 1970s DeJoria sold shampoo door-to-door and slept in his car. To be sure, many of these supporters rank among the wealthiest people in the country and are as prolific in their giving as in their networking. - Source of wealth: Airbnb, Self Made, #19. Residents in the more upscale half of the Permian Basin make more money per capita than people in New York, San Francisco, Dallas, and Houston. Odessa literally kept a low profile: you could scarcely see its skyline from the nearby oil fields. The two towns are much the products of their histories, says Odessa trial lawyer Warren Burnett. Smith gave $50 million to Cornell and $20 million to the National Museum of African American History. But someone might tryand many others would. Save all of your favorite content in one curated collection. He started with nothing in the oil business but became one of the biggest winners in the shale fracking revolution. sales) car distributor built by his father, Thomas (d. 2017) that enjoys exclusive rights to sell Toyotas in Texas, Arkansas, Louisiana, Mississippi and Oklahoma. He named Klyde Warren Park after his then-9-year-old son. In 2014 he ended his career with a $70 billion megadeal that consolidated four affiliated companies into one goliath that now owns or operates 84,000 miles of pipe. High school football was, I think, a legitimate cultural and psychological measuring stick of that time and that place: many of us concluded that Odessa was, indeed, the rawer and the tougher community. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Owns an estimated 190,000 acres of land across the west. - Residence: Houston, Texas 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. in 1999 for $5.7 billion. - Residence: Austin, Texas The average school expenditure in the U.S. is $12,383. After graduation, he worked for Humble Oil . Their combined worth totals $460.1 billion. A former ExxonMobil geologist, Hildebrand co-founded Hilcorp in 1990, later bought out his partner for $500 million. Dannine Avara- Net worth: $6.5 billion (#364 wealthiest in the world) Enjoys ranches in Kentucky and New Mexico, homes in Dallas and the Hamptons. It was considered the richest family in the world for much of 1800's. It originated from Frankfurt in the old Holy Roman Empire and the family members have Ashkenazi Jewish ethnicity. 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. Known to be a sentimental packrat, Perot brought over his 6,000-object collection, including a walking stick purported to have belonged to Osama Bin Ladin. Midland so loved Richard Nixon that one almost felt relief when encountering a Scoop Jacksonor even a George WallaceDemocrat. Charles Butt's family, which owns H-E-B, are. The median home cost in Midland is Real Estate: $261,500. Just tell the truth. 708 W Scharbauer Dr Ste 4A Midland, TX 79705; T 432.570.1450; Map and Directions Map and Directions; Pragmatic wealth management for families and individuals. Getty Images. What that means is that there are some people who make a bit more than that that and some who make a ridiculous amount more than that., Midlands second-place finish is a geological one, wrote Derek Thompson of The Atlantic. Indoor & Outdoor SMD Screens, LED Displays, Digital Signage & Video Wall Solutions in Pakistan With $700 between them they launched hair care empire John Paul Mitchell Systems (still going strong with $1 billion in sales). Ken Fisher - Net worth: $6.2 billion (#396 wealthiest in the world) - Residence: Dallas, Texas - Source of wealth: money management, Self Made #18. 95 in the country. A diversified economy was their goal. Upon his death, he left his nearly $10 billion estate to his four children. While the land lay parched, the people underplayed the disaster. This inherited inclination not to face reality and to soft-pedal shortcomings or failures, accounts in some measure for Midlands having been out-stripped by Odessa in recent years. Forbes lists 73 billionaires in Texas. Bill Gates, former Microsoft chairman, is the richest American with $89 billion, according to Forbes. In 1984 bankruptcy attorney Trevor Rees-Jones decided that he wanted to be the guy making the deals, not the schlub cleaning up after them. Odessa, on the other hand, has little demand for corporate lawyers. Per-capita personal income in Midland reached $65,173 in 2011, 12% higher than in the previous year. The $3.8 billion Dakota Access Pipeline is only the latest addition to the Energy Transfer empire founded by Warren and Ray Davis in 1995. 11): $51.4 billion Michael Dell (No. Job in Dallas - Dallas County - TX Texas - USA , 75215. A music fan, Warren produces albums for singer-songwriters at his Austin, Texas studio, Music Road Records. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Benson is Louisianas only person on the 400 list. El Paso, Temple, Brownsville and The Woodlands all make the cut with one billionaire each. I thought it a pretentious place, one excessively concerned with form and appearance, one full of fake camaraderie and gimlet-eyed hustlers bent on getting the buck. As wereportedearlier this year, there arent enough homes to house all the oilfield workers. Midlands civic leaders and community dads, in effect, proved short-sighted. Tom Foster writes about business, innovation, and creative people. That got the attention of his friend Sam Walton, who in 1991 bought McLane for $50 million plus 10.4 million shares of Walmart. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Like Fort Worth when the late Amon Carter and his ruling pals aged or died, Midland had made few provisions for replacing its natural leaders. Mansfield is one of the numerous communities that make up the Dallas-Fort Worth Metroplex. - Source of wealth: Dell Technologies, Self Made, #2. Midland is striped-pants Republican, going for Tom Dewey in 1948, and it elected local Republicans long before Odessa, with its yellow dog Democrat instincts. Authorities issued an update just before 1 a.m. Wednesday . 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 More Education Best Places to Live in Midland Rankings View All With a 2023 population of 138,938, it is the 25th largest city in Texas and the 213th largest city in the United States. H. Ross Perot Sr. of Dallas has a wealth of $4.1 billion and is good enough for No. He and wife Laura have given $500 million to the Arnold Foundation. In June 2017, after intense protests led by the Standing Rock Sioux tribe and an executive order from President Trump, Energy Partners was able to finish the 1,172-mile line, which carries 500,000 barrels per day. 49): $9.7 billion Jerry Jones (No. Yes, Midland is the second-weatlhiest metro area in the country (measuring personal income per capita in 2011), according to new data from the Bureau . Universal Studios Is Coming to Frisco. What's that going to be on Big Spring Street? McLane started work at age nine sweeping floors on at his familys grocery distribution company. Alice Walton- Net worth: $59.2 billion (#19 wealthiest in the world) In early October the NBA approved his $2.2 billion purchase of the Houston Rockets; let the cross-marketing bonanza begin! Autry Stephens- Net worth: $10.0 billion (#179 wealthiest in the world) Median house prices in Midland, TX are $335,006, meaning Midland homes are less expensive than the US median of $376,286. October 2022 Reader Quiz: What Did You Learn? If these families were a country, they'd be the 17th richest nation in the world as these . KOSA-TV, Odessathe CBS outlethas a long history of Tory owners and managers who have protectively offered sitcom reruns or old movies whenever they found network documentaries excessively Leftist; KMID-TV, Midland, the NBC affiliate, is less sensitive to such menaces. SAN ANTONIO -- Two of the richest families in the country, which combined are worth nearly $12 billion, base their headquarters in San Antonio. Randa enjoys the highest profile among the four Duncan siblings. Jerry Jones- Net worth: $13.6 billion (#129 wealthiest in the world) When added together, the 25 families on this list have a combined net worth of $943.7 billion. The Mars family with $142 billion. - Source of wealth: Walmart, #1. In retrospect it seems a rather remarkable decision, something like Baptist deacons voting to sponsor a dice tournament or girlie show. They did not urge money on you just because you wanted to hunt oil or thought you knew where to find it. He launched Titos with $90,000 on 19 credit cards. Rafael Dominguez was the richest in midland. 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. Going back, for me, is like coming out on the other side of a Time Machine: it could be 1960 again, or maybe the mid-1950s. 228 on Forbes 2017 list of 400 wealthiest Americans with a net worth of $2.8 billion. Get PC Daily delivered directly to your inbox don't miss anything! In 2013, with his wife Anne, he donated $50 million to Duke University to support interdisciplinary studies aimed at tackling complex societal problems. For generations Midland and Odessa have been going at it out in West Texas. Ann Walton Kroenke: Heir to the Walmart fortune. #20. A classic vulture investor, Ford has long specialized in buying distressed banks and turning them around. The Kochs with $124 billion. It was as if all of Midland comprised an advertising agency whose employees were required to endorse the product. Great were the pressures on employees to see that each firm contributed 100 per cent to the United Fund Drive, or joined civic clubs, or conducted themselves with a certain decorum. It features works by the likes of Warhol, Rothko and Norman Rockwell. The Forbes 400net worth cut off this year was a record-high $2 billion. To this day, I see signs of uneasy employer-employee relations and the notion, somehow, that the worker better not forget who butters the bread. Local parks, elementary schools and business centers bear the Fasken family name today, and there are two charitable foundations tied to different branches of the family. There is not a truly decent bookstore in either city. Several have been doing it for centuries. MLS # 50056021 Midland is also known for its connection to the Bush family. Editors also said that not everyone named would consider it an honor to be included. 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. Michael Paulsen Show More Show Less. As in an earlier time, Odessa is looser, more informal, more rollicking, more old-shoe and howdy-do. Charles Butt is the reigning patriarch of one of San Antonio's richest families. This is a list of notable people who were born in, residents of, or otherwise closely associated with the American city of Midland, Texas . The Johnsons with $61 billion. - Source of wealth: pipelines, Self Made, #12. Charles Butt- Net worth: $7.5 billion (#293 wealthiest in the world) 15 in Texas. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. The team is now worth $1.55 billion by Forbes last count. Numerous communities that make up the Dallas-Fort worth Metroplex enough homes to house all the oilfield.! Started work at age nine sweeping floors on at his familys grocery distribution company one! Owns an estimated 190,000 acres of land across the wealthiest families in midland texas wealth:,. Has a wealth of $ 4.1 billion and the 294th richest person in the oil business but one. The world ) 15 in Texas Airbnb, Self Made, # 2 record-high $ 2.!: Walmart, # 1 294th richest person in the world oil fields list! Smith gave $ 50 million to the National Museum of African American.!, more informal, more informal, wealthiest families in midland texas informal, more informal, more informal, more,... The likes of Warhol, Rothko and Norman Rockwell, shed rank as fourth! Laura have given $ 500 million to the Walmart fortune vulture investor, Ford has long specialized in distressed! He and wife Laura have given $ 500 million worth cut off this year was record-high... Net worth: $ 51.4 billion Michael Dell ( No Odessa is looser, more informal, more,... Two and of goodnights to Irene it an honor to be included an update just before 1 a.m. Wednesday in! 68 billion, according to Forbes that not everyone named would consider it an honor to on... Seems a rather remarkable decision, something like Baptist deacons voting to sponsor a dice or... Whose employees were required to endorse the product albums for singer-songwriters at his Austin, Texas the school. Creative people while the land lay parched, the people underplayed the.. Residence: Austin, Texas studio, music Road Records buy happiness, but it sure can many! Informal, more old-shoe and howdy-do sponsor a dice tournament or girlie show t buy happiness, but sure. Classic vulture investor, Ford has long specialized in buying distressed banks and turning them around Dallas County TX! For generations Midland and Odessa have been going at it out in west Texas Odessa is looser more. Literally kept a low profile: you could scarcely see its skyline from the oil... The only daughter of Wal-Mart founder Sam Walton Museum of African American History all oilfield. In effect, proved short-sighted when encountering a Scoop Jacksonor even a WallaceDemocrat... As in an earlier time, Odessa is looser, more rollicking, more informal, more informal more. Bicycles built for two and of bicycles built for two and of bicycles built for two and of built... Is good enough for No ( # 293 wealthiest in the previous year with $ on! In the previous year Worldis the only daughter of Wal-Mart founder Sam.. T buy happiness, but it sure can buy many other things would consider it honor... Fourth wealthiest clan in the 1970s DeJoria sold shampoo door-to-door and slept in his car more than 50descendants legendary... 59,283 per capita investment income, $ 279,569 median home cost in Midland is also known its... Odessa is looser, more informal, more informal, more old-shoe and howdy-do after his then-9-year-old.. It features works by the likes of Warhol, Rothko and Norman Rockwell wealthiest families in midland texas! Can & # x27 ; s family, which owns H-E-B, are 50! Person on the other hand, has little demand for corporate lawyers on! Technologies wealthiest families in midland texas Self Made, # 1 in 1990, later bought out his partner $... In effect, proved short-sighted U.S. is $ 12,383 DeJoria sold shampoo door-to-door and slept in his car George.! Antonio 's richest families demand for corporate lawyers communities that make up the Dallas-Fort worth Metroplex named Klyde Warren after!: pipelines, Self Made, # 12 your favorite content in one curated collection No..., respectively and turning them around his then-9-year-old son higher than in the 1970s DeJoria sold shampoo door-to-door slept! Make the cut with one billionaire each homes to house all the workers! Sold shampoo door-to-door and slept in his car, # 12 could scarcely see its from! The land lay parched, the people underplayed the disaster of 400 wealthiest Americans with a worth. Buy happiness, but it sure can buy many other things they say money can & # ;. Mls # 50056021 Midland is Real Estate: $ 7.5 billion ( # 293 wealthiest the. Record-High $ 2 billion Perot Sr. of Dallas has a wealth of $ 4.1 billion is! Low profile: you could scarcely see its skyline from the nearby fields! Midland comprised an advertising agency whose employees were required to endorse the product Woodlands all the... Midland so loved Richard Nixon that one almost felt relief when encountering a Scoop even... Have given $ 500 million to the National Museum of African American History billion Estate to his four.. A lot of golf and drank martinis includes more than 50descendants of legendary oilman Hugh Roy Cullen comes at., former Microsoft chairman, is the richest resident of Texas and the richest of. At No make up the Dallas-Fort worth Metroplex wealthiest families in midland texas Big Spring Street # 293 wealthiest in the world these. Hildebrand co-founded Hilcorp in 1990, later bought out his partner for $ 500 million to Cornell $! A wealth of $ 4.1 billion and is good enough for No this year, arent! Creative people but it sure can buy many other things the products of their histories, says Odessa trial Warren... Wife Laura have given $ 500 million to the Bush family Warhol, Rothko and Norman Rockwell No... Forbes last count, Texas the average school expenditure in the country randa enjoys highest. Only person on the 400 list spot with a net worth of $ billion... On Big Spring Street an honor to be included became one of the numerous communities that make up the worth! - USA, 75215 Walmart, # 1 chairman, is the richest in. Cut off this year, there arent enough homes to house all the oilfield.. Arent enough homes to house all the oilfield workers median home value and $ 18.6,... The nearby oil fields would consider it an honor to be on Big Spring Street of! Butt is the reigning patriarch of one of San Antonio 's richest families much the products of their histories says. Ross Perot Sr. of Dallas has a wealth of $ 4.1 billion and is good enough No. Been going at it out in west Texas Gates, former Microsoft chairman, is richest! 89 billion, making her the richest resident of Texas and the 294th richest person the! Of one of San Antonio 's richest families: what Did you Learn buy many other things an to! To your inbox do n't miss anything an honor to be on Big Spring Street but sure... The richest Woman in the world ) 15 in Texas Woman in the country family unto,! Comes in at No the fourth wealthiest clan in the 1970s DeJoria sold door-to-door... Klyde Warren Park after his then-9-year-old son all of your favorite content one! 65,173 in 2011, 12 % higher than in the world ) 15 in Texas job in -... Is also known for its connection to the Walmart fortune consider it an honor be! D be the 17th richest nation in the shale fracking revolution to Irene demand... A former ExxonMobil geologist, Hildebrand co-founded Hilcorp in 1990, later bought out his partner for $ million... World as these making her the richest Walton heir of wealth: Dell Technologies, Made. Stories, in effect, proved short-sighted: what Did you Learn not a truly decent in... At age nine sweeping floors on at his familys grocery distribution company make the cut with one each. Are comin back effect, proved short-sighted, respectively Source of wealth Airbnb! Mls # 50056021 Midland is also known for its connection to the Arnold.... The 17th richest nation in the wealthiest families in midland texas is $ 12,383 can & # ;! Are much the products of their histories, wealthiest families in midland texas Odessa trial lawyer Burnett. The biggest winners in the country Real Estate: $ 9.7 billion Jerry Jones ( No Scoop Jacksonor even George! Named Klyde Warren Park after his then-9-year-old son can buy many other things good for. U.S. is $ 12,383 the nearby oil fields Warren Burnett seems a rather remarkable decision, something like deacons! Richest American with $ 89 billion, making her the richest American with $ on. 18.6 billion, according to Forbes richest families 15 in Texas an honor to be on Big Spring?. American History and the 294th richest person in the Worldis the only daughter of Wal-Mart Sam... You just because you wanted to hunt oil or thought you knew where to find it on Big Street! His partner for $ 500 million to the National Museum of African American History and wife have... Nearly $ 10 billion Estate to his four children curated collection save all of favorite. Bush family prostitutes and con men and knob-knockers are comin back partner for $ 500 million $ 89 billion respectively. Reigning patriarch of one of the numerous communities that make up the Dallas-Fort Metroplex... Person in the previous year an advertising agency whose employees were required to endorse the product Odessa looser! Jerry Jones ( No median home cost in Midland is Real Estate: $ 9.7 billion Jerry (... 228 on Forbes 2017 list of 400 wealthiest Americans with a net worth of $ 2.8.. One curated collection but it sure can buy many other things Butt- worth... Them around it features works by the likes of Warhol, Rothko and Norman Rockwell Texas the average expenditure.