Alice Walton is top-ranking billionaire from Fort Worth on Forbes list

Posted Monday, Sep. 16, 2013  comments  Print Reprints
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Twenty new billionaires from across the U.S. on Monday made it onto Forbes’ 2013 ranking of the 400 richest Americans, but none of the newbies are from Fort Worth.

Of course, Wal-Mart heiress Alice Walton, 63, the richest Fort Worthian, who also has a ranch in Millsap, ranks No. 8 on the list, with a net worth of $33.5 billion. She is the daughter of the late Sam Walton, the founder of the world’s largest retailer.

The magazine, in a story focused on her art collecting, describes her living arrangements like this:

“She spends the majority of her time at her Rocking W Ranch an hour west of Fort Worth, in tiny Millsap (pop. 409), where she breeds cutting horses and cooks her famous beans and rice for her ranch family, as she calls her live-in staff. She’s never had any kids, but speaks fondly of her 23-year-old horse trainer, Jesse Lennox, and loves watching him compete.”

The combined wealth of the billionaires on the list is $2 trillion, up from $1.7 trillion in 2012, Forbes said.

Bill Gates retained the top spot with a $72 billion net worth, up $6 billion from last year. It took $1.3 billion to get on the list, which meant 61 billionaires did not make the cut this year, the magazine said.

Other Fort Worth billionaires on the list have the last name of Bass or somehow have a direct tie to the wealthy family.

According to Forbes, Robert Bass, 65, ranks No. 193 with $2.8 billion in net worth, and was followed by his brothers Edward, 68, and Lee, 57, both at No. 260 at $2.1 billion, while their older brother Sid, 70, is No. 314 at $1.8 billion.

Tied for No. 209 at $2.6 billion each are Richard Rainwater, 68, who was the Bass family’s longtime financial adviser until 1986, and David Bonderman, 70, who was Robert Bass’s financial adviser and since 1992 has been a private equity investor and lead partner in TPG Capital.

Dallas’ 15 billionaires made their fortunes in a variety of industries, including oil and gas, real estate and the Internet, or inherited their wealth. And three invested in professional sports teams.

Starting the list at No. 40 is Harold Simmons, 82, with $10 billion; followed by Andrew Beal, 60, No. 42 with $9.8 billion; Elaine Marshall, 71, and family, No. 49 with $8.3 billion, widow of J. Pierce Marshall and holder of a 15 percent stake in Koch Industries; Ray Lee Hunt, 70, No. 74 with $5.6 billion; Robert Rowling, 59, No. 93 with $4.9 billion; Trevor Rees-Jones, 62, No. 103 with $4.4 billion; H. Ross Perot Sr. 83, No. 134 with $3.5 billion; Kelcy Warren, 57, No. 143 with $3.4 billion; tied at No. 166 with $3 billion are W. Herbert Hunt, 84, and Dallas Cowboys owner, Jerry Jones, 70; Mark Cuban, 55, Dallas Mavericks owner, and Timothy Headington, 63, tied at No. 222 with $2.5 billion; Ray Davis, 71, Texas Rangers co-owner, and Gerald J. Ford, 69, tied at No. 296 with $1.9 billion; and, H. Ross Perot Jr. 54, No. 314 with $1.8 billion.

Also on the list are brothers Dan and Farris Wilks, who founded and sold Fort Worth-based FTS International, formerly Frac Tech. They live in Cisco, where FTS started, and have an estimated net worth of $1.5 billion each, ranking No. 352. FTS moved its headquarters to Fort Worth in 2011.

Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST

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