5 Superrich Persons from Texas
Texas has the second-largest population in the United States, behind California, with a $1.9 trillion economy. Thanks to solid job and revenue growth projections for the next five years, Texas ranks fourth in terms of current economic environment and fifth in terms of growth prospects. Furthermore, Texas is home to over 100 of the top 1,000 public and private corporations in the United States, including behemoths such AT&T, ExxonMobil, and Dell. According to the Kauffman Foundation, entrepreneurship ranks fourth in the nation. One of the only things holding Texas down is the labour supply's lack of schooling. Just 84 percent of adults have completed high school, the second lowest rate among the states.
Jerry Jones, the owner of the Dallas Cowboys, is a former co-captain of the University of Arkansas' 1964 national championship team.
The Dallas Cowboys, which he purchased for $150 million in 1989, was his most valuable holding. The squad is worth $5.5 billion right now.
Jones made a name for himself as an oil scavenger in the 1970s, when he made his first million in oil investments.
In Dallas, he continues to invest in fracking ventures as well as industrial and residential real estate.
Jones became the majority shareholder of Comstock Resources, a publicly held Texas oil and gas firm, after a 2018 transaction.
Jones is an ardent art dealer who owns Norman Rockwell's "Coin Toss," as well as works by Picasso, Renoir, and Matisse, among others.
Ann Walton Kroenke
Bud Walton's daughter, Ann Walton-Kroenke, helped his partner, Sam, build Walmart into a supermarket behemoth.
When Bud died in 1995, she inherited a portion of his stock in the store.
Walton-Kroenke, a registered nurse, is not a board member or employee at Walmart.
Stan Kroenke, a billionaire real estate mogul, is her husband. In the United Kingdom, he is the owner of the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal Football Club.
Stanley Kroenke is a multibillion-dollar real estate and sports entrepreneur with a global reach.
He owns 30 million square feet of land, the majority of which is shopping malls near Walmart stores.
Kroenke is the owner of the Los Angeles Rams, which he relocated from St. Louis to Los Angeles in 2016.
The Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal soccer club are also part of his sporting kingdom.
With nearly 1.4 million acres of ranches throughout the United States and Canada, he is a large landowner.
Andrew Beal is the CEO and founder of Beal Financial Corporation, which owns Beal Bank and has over $8 billion in reserves.
Mortgages, bonds backed by cargo planes, and IOUs to power plants are among the troubled investments that the Texas banker is notorious for snatching up.
During the Great Recession, he made a tidy profit by buying run-down properties as taxpayers bailed out the country's largest banks.
He grew up in Lansing, Michigan, and earned money by repairing used televisions.
Beal, who dropped out of both Michigan State and Baylor, claims to have been a Forbes subscriber for over three decades.
Kinder is the chairman of Kinder Morgan, the largest renewable service company in the United States, which controls or manages 84,000 miles of pipeline.
Since stepping down as president of oil and commodity company Enron Corp. in 1997, he cofounded Kinder Morgan.
In June 2015, Kinder stepped down as CEO of Kinder Morgan.
In Houston, his Kinder Foundation supports education, urban green land, and quality-of-life programs.
Kinder gave $25 million to the University of Missouri in October 2015 to fund constitutional studies.
I hope you liked this list of the super-rich people in Texas. Let me know what you think of them and who else you know that has close ties to Texas.