Texas, the second-largest state by both size and population, boasts a booming economy fueled by energy, technology, real estate, and retail. Home to multiple billionaires, Texas rivals Silicon Valley and Wall Street in both innovation and old-money influence.
Here are the Top 10 Richest People in Texas in 2025, based on Forbes, Bloomberg Billionaires Index, and corporate filings.
1. Elon Musk – $423.1 Billion
Source of Wealth: Tesla, SpaceX, X (formerly Twitter), Neuralink
Residence: Austin, TX
Now officially a Texas resident, Musk moved his primary residence and company headquarters to Texas. He leads Tesla’s Gigafactory in Austin, SpaceX’s Starbase in Boca Chica, and continues to be one of the world’s richest individuals.
2. Alice Walton – $67.2 Billion
Source of Wealth: Walmart (heir)
Residence: Fort Worth, TX
Daughter of Walmart founder Sam Walton, Alice Walton is a philanthropist and art collector, known for founding the Crystal Bridges Museum of American Art. Though she does not have an active role at Walmart, her holdings make her one of Texas’s most influential billionaires.
3. Michael Dell – $54.6 Billion
Source of Wealth: Dell Technologies
Residence: Austin, TX
Founder and CEO of Dell Technologies, Michael Dell remains a powerful force in enterprise computing and cloud infrastructure. He also runs MSD Capital, a private investment firm managing his wealth and funding major philanthropic efforts in Texas.
4. Andrew Beal – $13.1 Billion
Source of Wealth: Banking, Real Estate (Beal Bank)
Residence: Dallas, TX
Beal is a self-made billionaire banker and investor, known for distressed assets, space investments, and poker. His Beal Bank operates with one of the highest returns in the industry and continues to grow in commercial lending and real estate.
5. Jerry Jones – $12.9 Billion
Source of Wealth: NFL (Dallas Cowboys), Oil & Gas
Residence: Dallas, TX
Owner of the Dallas Cowboys, the most valuable sports franchise in the world, Jones made his fortune in energy exploration before transforming the Cowboys into a global brand. He also has significant holdings in real estate and entertainment.
6. Jeff Yass (Texas Holdings) – $11.7 Billion
Source of Wealth: Trading, Investments (Susquehanna International Group)
Residence: Split time between Pennsylvania and Austin, TX
Although primarily based in Pennsylvania, Jeff Yass has relocated part of his wealth and business activity to Austin, Texas, including investments in startups, libertarian think tanks, and digital assets.
7. Robert Rowling – $9.6 Billion
Source of Wealth: Oil, Hotels (TRT Holdings, Omni Hotels)
Residence: Dallas, TX
Rowling owns TRT Holdings, which includes Omni Hotels & Resorts and past energy assets. He is a low-profile billionaire with significant donations to conservative causes and Texas universities.
8. Trevor Rees-Jones – $6.9 Billion
Source of Wealth: Natural Gas (Chief Oil & Gas)
Residence: Dallas, TX
Founder of Chief Oil & Gas, Rees-Jones profited heavily from shale exploration during the fracking boom. He remains active in the Texas energy sector and donates to youth, military, and health-related causes.
9. Tilman Fertitta – $6.2 Billion
Source of Wealth: Hospitality, Casinos (Landry’s Inc., Houston Rockets)
Residence: Houston, TX
Fertitta owns Landry’s restaurant group, multiple casinos and hotels, and the Houston Rockets NBA team. A television personality and business strategist, he’s a high-profile billionaire in Texas’s sports and entertainment landscape.
10. H. Ross Perot Jr. – $5.1 Billion
Source of Wealth: Real Estate, Technology, Aviation
Residence: Dallas, TX
Son of billionaire and presidential candidate Ross Perot, Perot Jr. has grown the family fortune through real estate development, notably AllianceTexas, a logistics hub near Fort Worth. He’s also active in tech infrastructure and venture capital.
Summary Table
| Rank | Name | Net Worth (2025) | Source of Wealth | Residence |
|---|---|---|---|---|
| 1 | Elon Musk | $196B | Tesla, SpaceX, X | Austin |
| 2 | Alice Walton | $67.2B | Walmart | Fort Worth |
| 3 | Michael Dell | $54.6B | Dell Technologies | Austin |
| 4 | Andrew Beal | $13.1B | Banking, Real Estate | Dallas |
| 5 | Jerry Jones | $12.9B | Dallas Cowboys, Oil | Dallas |
| 6 | Jeff Yass (TX Assets) | $11.7B | Trading, Crypto | Austin |
| 7 | Robert Rowling | $9.6B | Omni Hotels, Energy | Dallas |
| 8 | Trevor Rees-Jones | $6.9B | Oil & Gas | Dallas |
| 9 | Tilman Fertitta | $6.2B | Hospitality, NBA | Houston |
| 10 | H. Ross Perot Jr. | $5.1B | Real Estate, Tech | Dallas |
Final Thoughts
Texas’s billionaires represent a diverse mix of industries, including energy, tech, sports, finance, and hospitality. With major cities like Austin, Dallas, and Houston acting as innovation hubs, the Lone Star State continues to attract and create some of the world’s most influential and wealthy individuals.
