Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
9 Austinites on Forbes' World's Billionaires list

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

(Bob Daemmrich)

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.

Popular

Taco time: 9 of the best local spots to a grab breakfast tacos

(Tyson's Tacos/Instagram)

There are few things that Texans agree on but loving breakfast tacos is one of them.

Keep ReadingShow less
Longhorns baseball to host NCAA regional tournament on the road to College World Series

The Longhorns baseball program is hosting the Austin Regional NCAA tournament on Friday. (Texas Baseball/Twitter)

Starting Friday, the No. 9-ranked Texas Longhorns baseball team will welcome three NCAA Division I teams for the Austin Regional Tournament as it looks to reach the College World Series for the second year in a row.

Keep ReadingShow less