Texas Billionaires Have Amassed $976 Billion
The Forbes 400 list highlights the massive wealth held by prominent Texas-based business leaders.
Updated on Sept. 29, 2026 in Commercial
Live Poll
Does the presence of billionaire tycoons provide a net benefit to your local community?
Texas-based real estate and business billionaires have reached a combined net worth of $976 billion. Elon Musk leads the group with a net worth of $929 billion as of early September.
Why it matters
The list underscores the significant economic influence exerted by Texas-based entrepreneurs in sectors ranging from real estate to technology. Their wealth concentration reflects broader trends in capital accumulation within the state.
Texas-based tycoons hold a combined $976 billion in wealth. Notable figures include Michael Dell, who holds a net worth of $263 billion, and Stanley Kroenke, who maintains ownership of 2.7 million acres of land in the United States.
The players
Elon Musk
He is the wealthiest individual on the Texas list with a net worth of $929 billion.
Stanley Kroenke
He is a prominent real estate investor who owns 2.7 million acres of land across the country.
Ross Perot Jr.
He serves as the chair of the Perot Companies and the Hillwood development firm.
Michael Dell
He is a major Texas-based billionaire noted for his technology and business holdings.
Andrew Beal
He owns the Beal Financial Corporation which holds over $22 billion in assets.
The details
Forbes calculated these figures by interviewing subjects and their associates while reviewing SEC documents and probate files. The report highlights massive holdings, such as the 27,000-acre AllianceTexas development, which supports 73,000 jobs.
Timeline
September 4, 2026: Net worth figures were finalized.
September 29, 2026: Forbes list was published.
Culture Shift
The concentration of extreme wealth in Texas reflects a significant demographic and corporate shift toward the state as a hub for major industry leaders. This movement mirrors broader societal patterns where business titans consolidate operations in tax-friendly and development-oriented regions.
The massive investments and developments owned by these billionaires often dictate local land use and employment opportunities in communities like Fort Worth or Austin. Residents may see long-term changes to their economic environment as these figures initiate large-scale infrastructure projects.
The takeaway
The massive wealth of Texas-based entrepreneurs continues to drive significant shifts in the state's commercial development and infrastructure. Understanding these holdings provides insight into the individuals who exert outsized influence on regional growth and job creation.
Further reading
For more on the state's expanding business landscape, visit the Texas Commercial section.
Source note: This article includes information reported by The Real Deal New York.
Live Poll
Does the presence of billionaire tycoons provide a net benefit to your local community?
