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The 10 Richest People in Texas

Elon Musk

In the Southern Central region of the United States lies Texas state. Also known as the ' Lone Star State," it is famous for its live band music, sunny climate, and welcoming nature of its people. As they say, a deal not made in Texas goes nowhere, and that's why it boasts of being the home of three American Presidents. Wow. Do you know the center of the famous American NASA?

It could not be anywhere other than Texas. The state boasts of having the second largest economy in America. The main economic activities for Texans are agriculture, aeronautics, computer technology, energy, entertainment, tourism, and defense contracting. The state is home to some of the wealthiest people in the U.S., who have invested both in it and other parts of the world. Join us in discussing the list of the top 10 richest people in Texas in 2022.

10. Joe Gabbia ($7.5 billion Dollars)

At the age of 40 years and with a family, Joe Gabbia has stamped his authority in various entrepreneurial fields. His specialization in art and design saw him co-found Airbnb with Brian Chesky and Blecharczyk in 2008. The company started with only three apartments and has already been spread to more than 191 countries. It has attracted more than 3 million listings. He did not stop there; in 2016, he launched Samara, a simplified design studio within Airbnb. Joe Gabbia was involved in innovation, leadership, and defining the organizational culture in these two companies.

In addition, he has invested in The Helm, San Antonio Spurs (where he serves as a strategic partner), and Nebia. Later he conjoined with Michael Dell as a minority shareholder at Sixth Street. He has been an active philanthropist, providing housing support and refugee relief donations. His philanthropist skills have made him an advisor to the U.N.'s High Commissioner of Human Rights. Famously referred to by many magazines as 'the art guy,' he has been recognized by BusinessWeek as one of the best young tech entrepreneurs, and in 2013 he was named in Fortune Magazine as one of the Forty-under-Forty. Joe Gebbia's creativity is evident not only in his business venture but also in the film industry. In 2020, he was the executive producer of the famous "Universe" documentary.

9. Richard Kinder ($ 7.5 billion Dollars)

According to Forbes, Richard Kinder is a 77-year-old billionaire, married, and has one kid whom he stays with in Huston, Texas. He is one of the most rated self-made American billionaires. His career started at Florida Gas Transmission, where he served as an attorney. With the experience gained in different energy companies, he finally decided to venture into the energy industry. He founded Kinder Morgan, America's most significant pipeline infrastructure, running for more than 84,000 miles. In 2025, Kinder relieved himself of the duties of the C.E.O. Kinder Morgan.

He is known to be an active Republican financier and openly supported Jeb Bush in 2015. Through the Linder Foundation, he has been involved in campaigns and funding projects promoting the accessibility of parks and green spaces. The most recognizable projects funded by the Kinder foundations are The Texas Heart Institute, Houston Food Bank, and the Bush Center at Southern Methodist University. His excellent management styles have seen different writers coin what is famously called " The Kinder Management Style ''.

8. Jeffrey Hildebrand ($ 7.9 billion Dollars)

A graduate of Arts/Science from the University of Texas Austin, Jeffrey Hildebrand is 63 years old, married with three children, and a resident of Houston, Texas. He co-founded the Hilcorp Energy Company in 1959 and later bought out his partner. Before starting his own oil and gas production company, he worked at Exxon Company, Energy Capital Corporation, and Dan A. Hughes Company, where he gathered the necessary experience to run his company effectively. The year 2015 was his oil company's most successful year, which saw him give his employees a one-hundred-dollar bonus.

He is an active political contributor. He is a member of the National Petroleum Council, American Petroleum Geologists, and the Society of Petroleum Engineers. According to King Ranch Institute, Mr. Hildebrand is an active community member who serves in the Houston Livestock Show and Rodeo, Houston Police Foundation, and at Rice University, where he serves as the chairperson of the subcommittee for the Center for Energy Studies. In 2005, he received the Distinguished Graduate Award from the University of Texas, and in 2021, he was the recipient of the TXOGA Distinguished Service Award from the Bailey Hutchison Center.

7. Ann Walton Kroenke ($ 8.3 billion Dollars)

According to The Business Journal, Ann Kroenke is one of Texas's flashy business lady billionaires. Together with her husband, Stanley Kroenke, they married in 1974 and brought in one of the most powerful couples in the state. Born in 1948, she has two sons-Whitney and Kroenke and Josh Kroenke. The majority of her wealth is hereditary. She is the daughter of Bud Walton, who died in 1995, leaving behind the Walmart fortune under the control of her sister, Nancy Walton, and herself. She is the founder and owner of the Colorado Avalanche of the NHL and Denver Nuggets of the NBA. Kroenke is famously known for her expensive yacht and car trips, besides being a shareholder in the Kroenke Group, which is actively involved in the construction company. She schooled at the prestigious Lincoln University, where she graduated as a nurse.

6. Andrew Beal ($ 9.5 billion Dollars)

Andrew Beal is one of the most successful school dropouts of Michigan State and Baylor Universities. The 1953-born billionaire is divorced with six children and resides in Dallas, Texas. He has invested heavily in banking. Beal is the founder and chairman of Beal Bank and Beal Bank USA and their affiliated companies. From his father, he developed a lot of interest in simple mathematics, a skill he later used in banking. Beal started investing in real estate at a tender age. By 19 years, he had bought a house in Lansing and began to lease it for 119 dollars per month.

Beal continued to attend house selling auctions in different cities, which accumulated to the purchase and selling of the Dallas, TX estate in 2017. He has seen the growth of the Beal Banks to more than forty branches that are heavily involved in purchasing debt instruments backed by aircraft, commercial and real estate bonds/ loans, and power generation and fracture bonds. In 1997, he established the Bael Auroscopes, which he sold in 2000 due to stiff competition from NASA's Space Launch Initiative. Mr. Bael has been very generous in financing science and mathematics initiatives. He was instrumental in funding the Dallas Regional and The South Nevada Regional Science and Engineering Fairs. He is a renowned player of poker, which was one of the main reasons he chose Texas as his place of residence due to its exclusive Casinos.

5. Stanley Kroenke ($ 10.7 billion Dollars)

Stanley Kroenke is a resident of Electra, Texas, born in 1975. He is married and has 2 Children with her billionaire wife, Ann Walton Kroenke, whom they married in 1974. He attended both the University of Missouri and Robert. J Truslake, Sr. College of Business and graduated with a Bachelor of Arts/ Science and a Masters of Business Administration, respectively. His name is dominant in the Entertainment and sports field through his Kroenke Sports & Entertainment; he has managed to be the major shareholder of Arsenal Football Club (both male and Female teams) in The English Premier League. He has also overstretched to invest in the Major Soccer League in the U.S.

Together with his wife, Ann Walton, they founded the Kroenke Group, which owns many apartments and plazas, of which many are located next to the Walmart center. In 1991, he co-founded THF Realty, specializing in suburban real estate development. According to Celebrity Net Worth, Kroenke four owned teams won different competitions, making him one of the most successful sporting investors in the world.

4. Jerry Jones ($ 11.8 billion Dollars)

Jerry Jones was born in 1942 in Arkansas but now resides in Dallas, Texas. He is married to, and together with his wife, they have two sons-Jerry Jr. and Stephen -and a daughter Charlotte. Jones runs a family football career that goes back to his playing days at the University of Arkansas, where Jerry co-captained the Arkansas Razorbacks. According to Biography-IMBd, before buying the Dallas Cowboys in 1989, he joined them as a manager. His business skills can be traced back to when Jones borrowed a million dollars to start the Skaey's Pizza Parlor restaurants in Missouri just after completing university.

Mr. Jones has a controversial administration career, especially in how he handled the firing of staff at the Cowboys. Jones has always defended himself by saying that his team doesn't condone underperformance. In addition, he has occasionally found himself in clashing ends with the National Football League, which has fined him on several occasions due to violations of its rules. In addition to football, he also owns Jones Oil and Land Lease, which focuses on the exploitation of prospection of natural resources. He is proud of himself as the most decorated football club owner, has won the Super Bowl thrice, and has been acclaimed in the Pro Football Hall of Fame in 2014 he also won the NFL Executive of the Year Award.

3. Michael Dell ($ 53.3 billion Dollars)

According to Britannica, Michael Dell was born in Houston, Texas, where he resides today. He is a dropout of The University of Texas at Austin. Dell's areas of specialization are both in business and authoring. He is the founder and CEO of Dell Corporation, which specializes in selling personal computers to various parts of the world. He started the Dell Company with only a thousand dollars in 1984, and by 1992, he became the youngest person to feature in Fortune magazine. In 2004 he relinquished his CEO position and chose to remain its Board Chairman.

In the 21st century, Dell has expanded its focus to producing digital cameras, televisions, and other computer-related products. He is also the owner of MSD Capital which he has used to get stakes in the hotel and eateries industry. Dell is married to Susan and founded the Michael & Susan Dell Foundation, which manages their philanthropic activities. Through the foundation, he has been critical in supporting education, the youth, and programs promoting children's health care, especially eyesight. Dell has authored several books, but the famous ones are Direct from Dell: Strategies That Revolutionized an Industry and Play Nice but Win: A CEO's Journey from Founder to Leader.

2. Alice Louise Walton ($ 60.8 billion Dollars)

Born in 1950, this iconic lady is the daughter of the famous Samuel Walton, the founder of Walmart. She has tried to keep her personal life a secret, but in 1974 she married a banker; they divorced two and half years later. According to Bloomberg, she grew her business by inheriting her father's shares with her sister Ann Walton Kroenke. Alice studied at Trinity University in San Antonio, where she graduated with a B.A degree in Economics and Finance. After being employed and investing in different companies, she used her skills to open an investment bank called Llama Company.

The bank became deficient in 1988. Among her celebrated works are that she not only funded but also oversaw the development of Northwest Arkansas Regional Airport. Her love for arts saw her build the Crystal Bridges Museum of American Art, whose main aim was to reflect America's history. Alice is a Kwon philanthropist who has joined hands with her brother, and they have been issuing bonds to charter schools for millions. To celebrate her work, the Northwest Arkansas Regional Airport terminal was named the Alice L Walton Terminal Building.

1. Elon Musk ($ 225.9 billion Dollars)

Elon Musk is a household name in Texas, U.S. According to Forbes, Elon Musk is currently not married and has nine children. He resides in Austin, Texas, and was born in 1971. Musk is not only the wealthiest man in Texas but also in the world, according to all significant ranking sites. Termed as one the most brutal businessmen in the world, he was born in South Africa; before shifting to Canada at the age of 17 and later came to the U.S. He has mastered most technological fields through his companies -SpaceX, Tesla, The Boring Company, Neuralink, and OpenAL.

His investments and innovations have revolutionized any area he is interested in, from cars to solar energy and improved public transport. By being the president of the Musk Foundation, he has been supporting development, scientific research, advocacy for human rights, especially the freedom of speech (through Twitter), and supporting educational programs worldwide. It has been involved in the political space by donating to democrats and republicans, although he terms himself a Liberal.

In Conclusion

The richest persons in Texas 2022 have contributed to the state's marketing, and significant economic developments have been achieved through these individuals. Most of them have invested in the clothing, technology, sports, and entertainment industry which have directly promoted the state's tourism level. Though it is one of the most populated states in the U.S., Texas has high rates of self-employment.

Allen Lee

Written by Allen Lee

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

Read more posts by Allen Lee

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