In 2023, there are now a total of 64 billionaires that call Texas home.
Elon Musk, the most famous of those billionaires, chose to relocate to Austin instead of North Texas, which I believe was a mistake. North Texas provides more family-focused neighborhoods, larger parks and museums, bigger restaurants, and a plethora of malls.
Elon Musk is not among the 27 billionaires who have chosen to make North Texas their home. However, the area is well-known for its culture and commerce, making it an attractive destination for people from all walks of life.
Let us introduce you to the a few of the billionaires living in Fort Worth, Texas, as reported by Forbes Magazine.
1. Robert Bass, oil and investments, $5.1 billion
The Bass family of Fort Worth is renowned for their immense wealth. Robert Bass and his siblings inherited $2.8 million each from their uncle Sid Richardson, and through savvy investments, the family quickly rose to become the wealthiest in the city. Robert M Bass Group, founded in 1985, catapulted Robert to the position of the richest man in Fort Worth; however, his venture Aerion, a private jet company, recently failed in May 2021.
2. David Bonderman, private equity, $4.1 billion
David Bonderman is the founding partner of Texas Pacific Group (TPG Capital) and a minority owner of the Boston Celtics. Born in California, he moved to Fort Worth, Texas in 1992 and made it his home. His most notorious moment came in 2017 when he served on the Uber board of directors and responded to Arianna Huffington’s statement that data showed the presence of one woman on a board made it much more likely there would be a second woman with a sexist remark: “Actually, what it shows is that it’s much more likely to be more talking.” Following the controversy, Bonderman resigned from the board.
3. Sid Bass, oil and investments, $2.9 billion
Sid Bass, an investor and philanthropist who began his career in the oil and gas industry, was born into wealth like his brother. However, he leveraged what he inherited from his uncle to establish multiple lucrative companies. Additionally, many Texans recognize his role in rescuing Blue Bell ice cream from bankruptcy after the listeria outbreak in 2015.
4. Donald Horton, homebuilding, $2.4 billion
Donald R. Horton, founder of the renowned D.R. Horton homebuilding company, was born and raised in Arkansas. His family, which he helped to build, has created one of the most successful real estate businesses in the world. Donald was the first custom builder to give home buyers the option of altering existing floor plans, and today his company operates in 83 markets across 27 states. D.R. Horton is the leading homebuilder in terms of units, and the third largest in terms of revenue. It is highly likely that you or some of your friends live in a house built by this amazing company.
5. Edward Bass, oil and investments, №1,444, $2.2 billion
His passion was always to transform Fort Worth and to bring new life to downtown. His dream was made reality with the creation of Sundance Square, which he labored over for 40 years. The Sundance Square project is one of the most successful urban redevelopment projects in the US, and it is all thanks to Robert Bass.