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How rich are the richest Texans?
Forbes released the 41st edition of its 400 wealthiest Americans list and a good chunk of them are from the Lone Star State. If you add up the net worth of all the billionaires on this list, it'll total over $4 trillion — which is $500 billion less than last year. The minimum net worth needed to make the cut dropped for the first time since the Great Recession (2007-2009), Forbes said of its 2022 rankings.
How was this list calculated? Simply put, Forbes used stock prices from September 2, 2022. A more detailed explanation can be found here.
Overall, and also representing Texas, the top dog is Elon Musk with a net worth of $251 billion thanks to Tesla and SpaceX. Up next is Amazon founder Jeff Bezos at a cool $151 billion. Bill Gates comes in at No. 3 on the list with a net worth of $106 billion.
Here's a look at the 10 richest billionaires in Texas and where they got their fortune:
- Elon Musk, Tesla & SpaceX — $251 billion
- Alice Walton, Walmart — $55.7 billion
- Michael Dell, Dell Technologies — $50 billion
- Jerry Jones, Dallas Cowboys — $16 billion
- Stanley Kroenke, real estate & sports — $12.9 billion
- Jeffery Hildebrand, oil — $11 billion
- Andrew Beal, banks & real estate — $10.3 billion
- Autry Stephens, oil — $10 billion
- Ann Walton Kroenke, Walmart — $8.3 billion
- Robert F. Smith, private equity — $8 billion