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Michael Dell remains at the top of the list of local billionaires. (Hartmann Studios)

Forbes has released its annual list of the world's billionaires, and eight Austin-area billionaires have made the cut. The wealth used for the list reflects net worth as of March 18.

Michael Dell remains the richest man in town, with a Forbes-list net worth of $22.9 billion. His wealth is down from $32.3 in September of last year. He is ranked as the 33rd richest person in the world.


Robert Smith, co-founder, chairman and CEO of the private equity and venture capital firm Vista Equity Partners ranked 330th with $5 billion, while co-founder and Vista president Brian Sheth came in at rank 945 with $2.2 billion.

Bert "Tito" Beveridge, who founded Tito's Handmade Vodka, is at No. 616 with $3.7 billion. Fellow spirits maker John Paul DeJoria, who founded Patrón Spirits Co. and co-founded the hair care company John Paul Mitchell Systems, is No. 648 with $3.1 billion.

Thai Lee, co-founder and CEO of the IT provider SHI International is at No. 680 with $3 billion. Joe Liemandt, the founder of ESW Capital, an investment firm that buys software companies, shares that position.

David Booth, co-founder and executive chairman of Dimensional Fund Advisors, is ranked 1,513 in the world, with $1.6 billion.

The coronavirus pandemic and the ensuing market shifts have led to a drop in many fortunes. Forbes says it counted 2,095 billionaires, 226 fewer than this time last year. It also says that 51% of the billionaires who remain on the list have less wealth than last year.

The markets are volatile at the moment, and as of the close of the market yesterday, the Forbes website reports Michael Dell's net worth to be $27.2 billion, a considerable jump from the $22.9 on March 18.


Popular

Austin FC couldn't find the stamina to fight off a 2-0 loss against LAFC for their inaugural match on Saturday.

The match, which saw No. 21 Austin FC go head-to-head with No. 2 LAFC in Los Angeles, was broadcast nationally on FOX and FOX Deportes.

Eleven players took the stage as Austin FC players for the first time, with five starters making their MLS debut. "Ringleader" Alex Ring took the captain's armband and wore it well. The defensive midfielder could be seen leading his teammates through their first ever match, but it wasn't enough to stage an Austin takeover in LA.

As Austin FC took the stage for their first-ever match, they appeared more experienced than their track record. The club held LAFC to a scoreless first half, keeping about equal possession of the ball.

In the signature style of Head Coach Josh Wolff, the team played with quickness and intensity, nearly connecting on several fast breaks.

The club was given some generous breaks from No. 2 LAFC, who had one or both of their star DPs out for the half. While forward Diego Rossi is out for the entire match due to a hamstring injury, Carlos Vela was accidentally pulled too soon on what turned out to be a miscommunication.

"He gave us the sign that he needed to come off," LAFC Head Coach Bob Bradley said on broadcast. "I can't say more than maybe it's my fault."

LA pulled some dramatics and slowly gained more possession throughout the half, but ATXFC's defense wasn't initially as shaky as it seemed in preseason. Jhohan Romana has pulled his weight in getting the ball out of goal, and a 34-year old Matt Besler held his own in center back.

As the second half commenced, however, it became clear that LAFC had the advantage over Austin's first major league team.

Goalkeeper Brad Stuver had his work cut out for him, fending off 24 shot attempts, 11 of which were on goal.

LAFC finally connected in the 61st minute of play as Corey Baird shot one in to the bottom right corner. The team capitalized off their momentum and put one past Stuver a second time, drawing roars of approval from the LAFC crowd.

While some last minute attempts from Jon Gallagher and others were made, Austin FC didn't have the endurance to bring a tie. After seven additional minutes of stoppage time, the club lost their first match 2-0.

Ingredients:

  • 750 ml Tito's Handmade Vodka
  • 16 oz strawberries

Directions: Drop sliced strawberries into glass container filled with Tito's Handmade Vodka. Let sit in the refrigerator for 5-7 days. Once desired flavor is reached remove fruit. Enjoy!

The long-awaited day is here; Austin FC takes the field with LAFC. (Austonia)

It's matchday! Austin FC—Austin's first major league sport team—kicks off its debut season in Los Angeles today after years in the making. We know how much this means to our beloved city and are taking you along with us as we journey to LA!

Austin FC writer Claire Partain and I are excited to bring you game-day coverage straight from the City of Angels. Check back here for updates, and visit our socials: @austonianews for the latest.

5 p.m: Kickoff!

It's finally here! Claire will be updating Austonia's Twitter account live. And we'll post her game recap after the game. Best of luck Verdes!

4:40 p.m: Excitement radiates back home

Watch parties are in plenty supply back home. Austonia's Laura Figi visited Circle Brewing Co. and found a crowd of excited supporters.

4:20 p.m: Austin FC supporters are in the stadium

Although the Banc of California Stadium is hosting the match at limited capacity, we see some green in the stands ahead of kickoff. Just moments away from the Austin FC's debut!

~3:20 p.m: Austin FC's team bus enters the stadium grounds

With a warm welcome from Los Verdes, Austin FC players were welcomed into the Banc of California Stadium.

~1 p.m: Los Verdes in LA

(Rigo Rodriguez/Los Verdes)

Austin FC supporters are making their presence known in LA, including the Los Verdes group.

Los Verdes members started having match-day fun around the area this morning with brunch. We'll be joining them about an hour before the game outside the stadium to share some of their excitement. We'll post immediately to Austonia's Instagram.

11:45 a.m: We landed!

View from hotel room where we're staying; the stadium digital sign can be seen in the right corner. (Sonia Garcia/Austonia)

Switching over to pacific time, we're here and it's almost like no time went by. It's 9:45 a.m. here.

We've been in contact with Los Verdes, an Austin FC supporter group, who is also here in LA counting down to kickoff.

8:20 a.m: LA bound

Like many of you, we've been looking forward to this moment for, let's just say, a very long time. Today, we woke up bright and early, headed to Austin-Bergstrom International Airport and hopped on a flight to LA.

A gloomy day in Austin with a very quiet airport, we're headed to sunny skies in California.

As we wait for the game to start at 4:30 p.m., check out Claire's preview of the game with a predicted lineup and timeline of the long journey to get here.