It’s hard out there for a billionaire.
Alice Walton, North Texas’ wealthiest resident, saw her fortune shrink in 2015, according to the newly released Forbes billionaires list. At $32.3 billion in net worth, she is still ranked No. 16 and is considered the second richest woman in the world, but her net worth dropped $7.1 billion from last year, largely due to some tough times in the family business -- Wal-Mart stock took a tumble.
Other North Texas billionaires on the much-talked about list include Dallas Cowboys owner Jerry Jones ($5 billion, No. 270 on the list), Dallas Mavericks owner Mark Cuban ($3.2 billion, No. 527), and the Fort Worth brothers Bass: Robert ($2.8 billion, 628), plus Ed, Sid and Lee (all at $1.8 billion apiece and tied for No. 1011).
Walton, who isn’t actively involved in the running of the Wal-Mart chain, focuses her attention instead on the Crystal Bridges Art Museum she opened in 2011 in her hometown of Bentonville, Ark. In September, Walton put her Rocking W Ranch in Fort Worth on the market for $19.7 million. The 1,432-acre spread is located near the Brazos river. Also last year, she sold off her prize-winning cutting horse herd and her stable equipment.
Unlike Walton, Jones and Cuban, the dynamic duo of DFW sports owners, saw their fortunes rise in 2015. Cuban, who also stars on the TV show Shark Tank, jumped from 603 on the Forbes list to 527. Jones jumped from 393 to 270.
Bill Gates of Microsoft remained the richest man in the world, according to Forbes, with a net worth of $75 billion.