With a net worth of $219 billion, Tesla CEO Elon Musk represented Texas at the tip-top of Forbes’ World’s Billionaires List, which measures the wealth of all 2,668 billionaires across the globe. Together, the world's billionaires hold a total of $4.7 trillion, $299 billion of which resides in Austin.
Joining Musk are eight other Austin-area entrepreneurs, with Bumble founder Whitney Wolfe Herd dropping off the list in the new year, and dozens from across the state.
Forbes determined net worth using stock prices and exchange rates from March 11, 2022, but also provides real-time rankings.
No. 1 (+1) Elon Musk, $219 billion
Always neck and neck with Amazon founder Jeff Bezos, who is currently worth $171 billion, the half-time Austin resident has multiplied his wealth more than 10-fold in the last four years. Between growing compies Tesla, which relocated its headquarters to Austin, and SpaceX, which is in South Texas, Musk also recently joined the board at Twitter after buying 9.2% of the company. This is the first time Musk has taken the top slot on Forbes' list.
No. 24 (+6) Michael Dell, $55.1 billion
A lifelong Texas resident and University of Texas alumnus, CEO and chairman of Dell Technologies Michael Dell’s fortune has more than doubled since 2020, when he was worth just $22.9 billion. In 2017, Dell donated $1 billion of his fortune to the Michael & Susan Dell Foundation to help child poverty.
No. 369 (+82) Robert F. Smith, $6.7 billion
Founder of Vista Equity Partners, one of the best-performing firms of its kind, Robert F. Smith is the wealthiest Black man in America. Smith is also the first Black man to sign the Giving Pledge, promising to give away the majority of his wealth, which has more than doubled since 2016. Smith reached a $140 million settlement with the U.S. Justice Department in 2020 involving undeclared offshore accounts.
No. 637 (-15) Bert "Tito" Beveridge, $4.5 billion
Founder of the booming vodka brand, Tito’s Handmade Vodka, Bert “Tito” Beveridge started the company with $90,000 spread across 19 credit cards in 1997. In 2022, Beveridge’s net worth is down slightly by $100 million.
No. 709 (+247) Thai Lee, $4.1 billion
The only female billionaire in Austin, CEO of $11.1 billion IT provider SHI International Thai Lee is soaring upwards in the global billionaire rankings. Since 2017, Lee’s wealth has increased two-and-a-half fold. Born in Thailand, raised in South Korea and starting her company in the U.S. in 1989, Lee also ranked sixth on Forbes’ Self Made Women list last year.
No. 1,012 (-4) Joseph Liemandt, $3 billion
Founder of the investment firm ESW Capital, Joseph Liemandts's wealth hasn’t budged above $3 billion in four years. A young prodigy, Liemandt first made the cover of Forbes magazine at 27 years old in 1996.
No. 1,096 (+78) John Paul DeJoria, $2.8 billion
The Patron Spirits Co. founder and John Paul Mitchell Systems hair care mogul John Paul DeJoria is catching back up after falling more than 500 spaces on the list last year. His fortune has been on a roller coaster since 2013 but he’s never failed to make the list.
No. 1,445 (-196) Jim Breyer, $2.1 billion
One of Facebook, now Meta’s, first venture investors, Breyer has some high-up connections, like his U.S. Senate minority leader brother-in-law Mitch McConnell. Breyer has invested in more than 40 companies like Etsy, Marvel and Legendary Entertainment, but credits his involvement with Facebook as his best business decision.
No. 1,729 (+21) David Booth, $1.7 billion
Making up a marginal amount of his 400-space fall from last year, Dimensional Fund Advisors cofounder David Booth told Forbes he began a decades-long experiment in applying academic theory to real-world investing in 1981.
- 10 Austinites on Forbes' '30 under 30' 2022 - austonia ›
- 8 Austin billionaires make a return to the Forbes 400 list - austonia ›
- Austin's four richest self-made women in America, Forbes - austonia ›
- Forbes' America's Richest Self-Made Women includes the woman ... ›
- Forbes 400 names seven Austin billionaires and two bite the dust ... ›
- 10 Austinites makes Forbes' 2021 list of global billionaires - austonia ›
Despite a 2-0 deficit, there was a pot of gold for Austin FC after all as it celebrated its annual Pride Night with rainbows and a 2-2 comeback draw to FC Dallas Saturday night.
After three FC Dallas losses last season, the Dallas derby draw marks the first time Austin FC has tied against its Copa Texas rival. Austin continues to edge over FC Dallas as it sits at 3rd in the MLS West.
Here are the biggest takeaways from the match:
A somber start
Decked out in colorful hues for LBGTQ+ Pride, Verde fans started the match on a somber note as they held up banners to take a stand against gun violence before the match.
As the national anthem began, fans held up banners with the names of each child that was killed in the Uvalde school shooting and a plea to "end gun violence."
The supporters' section was also dotted with Pride flags and a "Bans off Our Bodies" banner in protest of the Supreme Court's decision to overturn Roe v. Wade.
FC Dallas earns a 2-0 lead
That sober tone continued onto the pitch. With midfielder Daniel Pereira's absence due to a red card, the Verde and Black lost two goals to FC Dallas by the 70th minute of play.
FC Dallas played it sneaky for the first half of the match, giving Austin FC plenty of room to hold possession as it waited to strike on a Verde error. That mentality proved dangerous for Austin as Dallas' Paul Arriola took advantage of Brad Stuver's deflection to score the first goal of the night in the 57th minute of play.
Dallas struck once more as Brandon Servant pushed past the Verde line to score the second goal of the match.
Austin FC strikes back
But energy quickly returned to Austin's favor thanks to Designated Player Sebastian Driussi, who scooted past several FC Dallas defenders alongside Moussa Djitte to snag an unlikely first goal for Austin.
A full Verde comeback
Austin's subs proved deadly as momentum returned to the home team toward the end of the match. A well-placed cross from Nick Lima—and a diving header from a fresh-legged Danny Hoesen—helped the team secure the draw with a second Verde goal in the 84th minute of play.
Hoesen, who was Austin's first starting striker last season, has now scored two goals with the team after a yearlong injury stuck him on the bench.
- First-ever match at Q2 Stadium as the USWNT takes on Nigeria ... ›
- Shop queer at these 7 LGBTQ-owned businesses all Pride Month long ›
- Austin FC sees 'Fright Night' in 2-1 FC Dallas loss as 'Best in Texas ... ›
Hours following the U.S. Supreme Court's ruling to overturn Roe v. Wade, the landmark ruling that guaranteed a constitutional right to an abortion, on Friday, about 1,000 people gathered in Republic Square with signs calling for change.
The rally, organized by the group Rise Up 4 Abortion Rights Texas, started at the federal courthouse on Republic Square on Friday at 5 p.m. before the crowd marched to the Texas Capitol. More protests are expected to ensue over the weekend.
People showed up with all types of signs like Mindy Moffa holding up, "Keep your filthy laws off my silky drawers."
Austin joined cities across the country that saw protests for a women's right to an abortion after the ruling.
According to a recent UT poll, 78% of Texas voters support abortion access in most cases.
Sabrina Talghade and Sofia Pellegrini held up signs directed at Texas laws. A Texas trigger law will ban all abortions from the moment of fertilization, starting 30 days after the ruling. When state legislators passed the trigger law last summer, it also passed laws for more protection of firearms, including the right to open carry without a permit.
Lili Enthal of Austin yells as around 1,000 Texans marched to the Texas Capitol.
From the Texas Capitol, Zoe Webb lets her voice be heard against the Supreme Court ruling.
- Most restrictive abortion law in U.S. affects Texas women - austonia ›
- U.S. Supreme Court rules there's no right to abortion, setting up ... ›
- Vela plans resolution to prevent police from investigating abortion ... ›
- Texas' growth may be slowed by abortion ban, poll reports - austonia ›
- 78% of Texas voters think abortion should be allowed in some form ... ›