News Column

Wal-Mart Heiress Richest in North Texas, According to Forbes

March 5, 2013

Sandra Baker, Fort Worth Star-Telegram

Alice Walton

Fort Worth's Bass brothers, oilman William "Tex" Moncrief and investors David Bonderman and Richard Rainwater are among two dozen North Texas billionaires on Forbes' 27th annual list of the world's richest people released Monday.

Alice Walton, 63, a Wal-Mart heiress who lives on a ranch in the Millsap area, was again the top-ranked North Texan at No. 16, reporting a net worth of $26.3 billion. Carlos Slim Helu, a telecom magnate from Mexico, retained the No. 1 spot as the world's richest person with a net worth of $73 billion, up from $69 billion on 2012. It is his fourth consecutive year at the top of the list.

The magazine said a record 1,426 billionaires are included on this year's list, up 200 from last year. This list ranks the world's richest, while Forbes' annual ranking that comes out in September lists the 400 richest Americans.

Robert Bass, 65, whose family made its fortune in oil and investments, was the top Fort Worth billionaire at No. 527, reporting a $2.7 billion net worth. His brothers, Edward, 68, and Lee, 56, tied for No. 736, each listed with a net worth of $2 billion. Sid Bass, 70, was No. 831 at $1.8 billion.

Bonderman, 70, one of the lead partners in the private-equity firm TPG Capital, was ranked No. 554 with $2.6 billion; Rainwater, 68, another deal-maker, was No. 641 with $2.3 billion from real estate, energy and insurance; and Moncrief made the list at No. 1,342 with a net worth of $1 billion.

Microsoft founder Bill Gates retained the No. 2 spot on the list with a estimated net worth of $67 billion, followed at No. 3 by Zara's Amancio Ortega, who moves up two spots from 2012, with a net worth of $57 billion.

Warren Buffett, whose Berkshire Hathaway owns Fort Worth's BNSF Railway, Justin Brands, Acme Brick and TTI, was No. 4 with $53.5 billion. This marks the first year that Buffett has not been in the top 3 since 2000, in spite of recording the second-biggest gain this year, up $9.5 billion, Forbes said.

The U.S. leads the list with the most billionaires, 442, followed by Asia-Pacific with 386; Europe, 366; the Americas, 129; and the Middle East and Africa, 103.

For the complete list go online to www.forbes.com/billionaires.



Source: (c)2013 the Fort Worth Star-Telegram. Distributed by MCT Information Services.


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