Richest in DFW

18 DFW billionaires join Alice Walton as richest Americans, per Forbes

Oil and investment mogul Robert Bass of Fort Worth has an estimated net worth of $5.3 billion, according to Forbes.

Photo by Joyce Marshall

On the heels of news that Fort Worth's Alice Walton is now the richest woman in the world, more than a dozen Dallas-Fort Worth billionaires - including two Bass brothers - have joined her on the newForbes 400 list of the 400 richest people in the United States for 2024.

Released on October 1, the Forbes 400 is a definitive ranking of the wealthiest Americans, using interviews, financial data, and documentation provided by billionaires and their companies.

According to the report, America's elite class is now worth $5.4 trillion collectively, which is a $1 trillion jump since 2023.

“The Forbes 400 is richer than ever, and it’s harder than ever to be one of the 400 richest people in America," said Forbes senior editor Chase Peterson-Withorn in a press release.

In all, 43 Texas billionaires made the list. Of note:

Austin resident Elon Musk ranks No. 1 nationally for the third time, with a net worth of $244 billion. Despite ranking at the top of the list this year, Musk's net worth has actually dropped by $7 billion since 2023.

Walmart heiress Walton is the third-richest Texan (behind Musk and Austin's Michael Dell), as well as the wealthiest person in DFW and the wealthiest woman in America. According to Forbes' list, Walton has a net worth of $89.2 billion, which has risen significantly from her 2023 net worth of $56.7 billion. Walton, 74, is the only daughter of Sam Walton, who opened the first Walmart store in 1962.

New to the list is Lyndal Stephens Greth, who is the chairman of Midland-based oil company Endeavor Energy Resources and daughter of the late Autry Stephens, who founded the company.Forbes estimates Greth's net worth as $32.3 billion, and lists Dallas as her city of residence. She is the second wealthiest person in Dallas-Fort Worth, and the 28th most affluent person in the U.S.

Greth became chairman of Endeavor Energy Resources after Stephens died in August 2024. In a deal that closed in September, Endeavor Energy Resources was sold to Midland-based Diamondback Energy for an estimated $26 billion in stock and cash.

"Endeavor is one of the largest private oil producers in the U.S., generating some 327,000 barrels of oil equivalent per day," Forbes wrote in Greth's profile. "The company has the rights to drill on more than 500,000 acres in the U.S., mainly in Texas."

The third-richest person in DFW is Koch Inc. co-owner Elaine Marshall and family. Marshall, 82, has an estimated net worth of $28.3 billion — a substantial hike from her last reported net worth of $8.8 billion in 2014. She is the fifth wealthiest Texan and the 35th richest person in the U.S.

"Elaine Marshall owns an estimated 16 percent of $125 billion (sales) conglomerate Koch, Inc. (formerly Koch Industries) with her two sons," Forbes says. "She inherited her stake from husband E. Pierce Marshall (d. 2006), whose father J. Howard Marshall II (d. 1995) was an early partner of founder Fred Koch (d. 1967)."

Here's how the rest of Dallas-Fort Worth's billionaires fared on this year's list:

Dallas Cowboys owner Jerry Jones of Dallas sits at No. 48 in the U.S. with an estimated net worth of $15.2 billion. Last year: $14.5 billion.
Banking and real estate mogul Andy Beal of Dallas holds the No. 74 spot nationally. His estimated net worth is $12 billion. Last year: $13.8 billion.
Money manager Ken Fisher of Dallas ranks 86th nationally with an estimated net worth of $11.2 billion. Last year: $7.1 billion.
Hotel and investment guru Robert Rowling of Dallas ties for 126 nationally with an estimated net worth of $8.6 billion. Last year: $7.5 billion.
Oil and real estate titan Ray Lee Hunt of Dallas ranks No. 176 nationally with an estimated net worth of $6.9 billion. Last year: $7.2 billion.
Private equity kingpin David Bonderman of Fort Worth and oil and gas tycoon Kelcy Warren of Dallas tie for No. 184 nationally with an estimated net worth of $6.7 billion. Last year: $5.7 billion and $4.6 billion, respectively.
Oil and investment mogul Robert Bass of Fort Worth ties for 204th nationally with an estimated net worth of $5.3 billion. Last year: $4.9 billion.
Media magnate and Dallas Mavericks owner Mark Cuban of Dallas ties for 230th nationally with an estimated net worth of $5.7 billion. Last year: $5.2 billion.
Margot Birmingham Perot of Dallas, widow of tech and real estate entrepreneur H. Ross Perot Sr., ranks 247th nationally with an estimated net worth of $5.3 billion. Last year: $4.9 billion.
Oil and gas honcho Trevor Rees-Jones of Dallas ties for 256th nationally with an estimated net worth of $5.1 billion. Last year: $4.9 billion.
Real estate bigwig H. Ross Perot Jr. of Dallas holds the No. 288th spot nationally with an estimated net worth of $4.6 billion. Last year: $3.7 billion.
Private equity firm cofounder Carl Thoma and Airplane leasing industry founder Steven Udvar-Hazy of Westlake tie for No. 308 nationally with an estimated net worth of $4.4 billion. Last year: $3.5 billion and $3.8 billion, respectively.
Oil heir Sid Bass ranks 359th nationally with an estimated net worth of $3.7 billion. Last year: $3.9 billion.
Oil and gas magnate Ray Davis of Dallas ranks No. 385 nationally with an estimated net worth of $3.5 billion. Last year: $2.9 billion.

Missing from the 2024 list is oil baron W. Herbert Hunt of Dallas, who died in April 2024. Hunt, 95, had a net worth of $4.7 billion. According to Forbes, Hunt owned Dallas-based oil company Petro-Hunt, a refinery in Louisiana, and also invested in real estate across Texas, Arizona, and California.

Also missing from the 2024 list is D.R. Horton founder Donald Horton, who died at age 74 in May 2024. Forbes estimated his net worth at $5.9 billion.

Find all the Texans on the new Forbes 400 list here.

billionaires forbes forbes 400 richest americans lists dallas fort worth alice walton

Death Penalty

Tarrant County man gets death for murder of convenience store owner

Tarrant County Sheriff's Office

Christopher Turner

A man received the death penalty for his 2020 cold-blooded execution of a convenience store owner.

According to a release from the office of Tarrant County Criminal District Attorney Phil Sorrells, a Tarrant County jury sentenced Christopher Karon Turner, 48, to death on November 20 for executing convenience store owner Anwar Ali during a robbery. Tarrant County Assistant District Attorneys Charles Boulware and Allenna Bangs represented the state.

On March 27, 2020, at around 6:15 am, Turner, a convicted felon, wore a surgical mask and a glove and entered the Super Big Country Mart in an unincorporated area of Tarrant County south of Fort Worth. There, he held a gun to the back of Anwar Ali, the 62-year-old store owner, and walked him through the store.

Ali did everything Turner demanded, including opening the cash register to give him money. And yet Turner forced Ali into the bathroom and onto his knees, and shot him in the neck. Ali was discovered, dead in the bathroom, about an hour later.

Turner fled the store in Ali's Toyota minivan with the money from the register and Ali's wallet. In the van, he found more than $50,000 cash in a black bag. Over the next few days, Turner went on a shopping spree, buying cars, jewelry, drugs, clothes, and more. He and others used cash and a credit card that belonged to Ali.

Turner fled to Colorado where U.S. Marshals arrested him. On his body they found a firearm which was determined to be the murder weapon.

"This was a premeditated, cold-blooded murder," Boulware told the jury. "From the moment he was charged with this crime, he has tried to escape responsibility."

Bangs noted that before this trial began, Turner obtained the names of jurors and their telephone numbers, and gave them to an inmate charged with murder. At the trial on November 20, as Bangs addressed the jury, Turner tried to hold up a sign to the jury but was handcuffed by Sheriff's deputies who removed him from the courtroom, while he yelled out "she lied."

Ali came to the United States from Pakistan decades ago to pursue the American dream. Ali's son, Hussein, spoke in the courtroom after the death penalty was announced. "Thank you for giving us justice," Ali said. "I hope there are no more devils like this person."