Welcome to Palo Pinto, Texass Next State Park, The Photo the Dallas Cowboys Never Wanted the Public to See, The Top 50 Texas BBQ Joints: 2021 Edition, Please Do Not Touch the Toxic Toupee, a.k.a. Fort Worth's Alice Walton daughter of Walmart Inc. founder Sam Walton is North Texas' richest person with an estimated net worth of $61.8 billion. Forbes lists 73 billionaires in Texas. Neither of these now are particularly warm townsthough Odessa, in day-to-day living, may come closer to giving that impression. H. Ross Perot Sr. of Dallas has a wealth of $4.1 billion and is good enough for No. Briggs Freeman Sotheby's International Realty Luxury Homes in Dallas Texas DTX Island Time Simpson Property Group SkyHouse DIFFA Lotus Shop Holiday Pop Up Shop Dallas Clothes Circuit DTX Tastemakers 2014 Elite Dental Elan City Lights Dallas Charity Guide DTX Music Scene 2013 One Arts Party at the Plaza J.R. Ewing AMLI Design District Vibrant Living After about an hour of itafter miles of oil derricks, runty little stands of sagebrush or greasewood, and billboards plugging steak houses, country music radio, automobile or insurance bargainsone may begin to wonder where Texas keeps its bluebonnets or America stores its purple mountain majesties. Charles Butt- Net worth: $7.5 billion (#293 wealthiest in the world) It is a matter of being able to forwardly organize our lives in a positive way. With his three brothers, Ed inherited several million from oil tycoon great-uncle Sid Richardson (d. 1959). 228 on Forbes 2017 list of 400 wealthiest Americans with a net worth of $2.8 billion. Ann Walton Kroenke, one of the two daughters of Bud Walton, lives on a 535,000-acre ranch about 50 miles northwest of Wichita Falls. At U.T. He said, You dont have all that hate and suspicion of the McCarthy years or when the Birchers ran wild. This geological happenstanceor was it a signal of Gods Texas will?kept the sour, gassy, vomity stink in the air; kept the flares and the sump pits burning at night; kept the fry-cook cafes preparing sack lunches; kept the three-dollar motels full; kept the beer and the adrenaline and the blood flowing; kept the crews working around-the-clock towers. Odessa lighted the dark desert with thousands of flares and hundreds of drilling rig lights; the casual nocturnal passer-by might have judged himself to have stumbled on an undiscovered metropolis. Smith gave $50 million to Cornell and $20 million to the National Museum of African American History. In 1962 he founded Electronic Data Systems, and netted about $1.5 billion selling it to G.M. Everybody kinda let their equipment run down in the last few years, not much drilling was going on, and when things opened up it caught us off-base. Jones at Mile High stadium Denver. These 5 Texas clans cash in on Forbes' list of richest American families, SXSW 2014 spotlight: CultureMap presents 30 Days, 30 Artists, Lincoln Properties The Grand Residences at The Domain, Disney On Ice transforms two favorite films into one magical performance in Austin. Except for Navy service and once trying to hack it at Hardin-Simmons before he lost interest, Childress is native-Odessa to the core; this background guarantees that he thinks lowlier of Midland than of Outer Mongolia. It was my misfortune as a teenager in the mid-1940s to live in Midland while harboring Odessa preferences in my soul, my character, and my heritage. Here are the 10 richest cities in Texas based on per capita income. "Midland residents' personal income per capita was $65,173 in 2011, or roughly $20,000 more than the $41,560 average for U.S. metropolitan areas," as Dan X. McGraw of the Houston Chronicle noted. A former ExxonMobil geologist, Hildebrand co-founded Hilcorp in 1990, later bought out his partner for $500 million. Gives to Baylor and Michigan State. The two towns are much the products of their histories, says Odessa trial lawyer Warren Burnett. Ann Walton Kroenke: Heir to the Walmart fortune. He has since redeployed capital in the Haynesville shale natural gas play in Louisiana. share our stories with your audience. #20. About all I find to do thereoutside of enjoying the company of a precious few old friendsis drink and hope for an improbable romantic adventure while waiting for my flight to be called; its either that or a big night in the Christian Science reading room. Camp County, TX monthly unemployment update, See what the average commute is in Delta County, TX, See what the average commute is in Dallas County, TX, Highest-rated Italian restaurants in Sherman, according to Tripadvisor, Where people in Ellis County, TX are moving to most, How Guadalupe County, TX feels about climate change, See what the average commute is in Montgomery County, TX, Puppies available for adoption in Houston, 100 best films of the 21st century, according to critics, https://creativecommons.org/licenses/by-nc/4.0/?ref=chooser-v1. 17 overall: Alice Walton $44.4 billion Fort. The township has an estimated 5,385 households and 15,796 residents . George Mitchell (pictured, d. 2013) helped develop the hydraulic fracturing technique for unearthing natural gas shale, which led to more energy fortunes. It was tent-city ugly, the bedroom town of the driller and the lowly roustabout who suffered the fumes and rattlings of growling giant trucks; it had the feel and smell of grease in its pores. In early October the NBA approved his $2.2 billion purchase of the Houston Rockets; let the cross-marketing bonanza begin! November 2022 Reader Quiz: What Did You Learn? Tech magnate Elon Musk, who is based out of Texas as of 2021, is the wealthiest man in America with a net worth of $251 billion. The oil downturn hit the company hard; in 2015 it slashed its dividend 75%. (No one has yet. As Sarah Blaskovich ofPegasus Newsnoted, the boom extends to the hotel market, which is consistently besieged with both business travellers and temporary workers. In 2017 Perot Jr. moved his dad and 250 employees into the 350,000 square foot family office he built on Turtle Creek in Dallas. Kids of all ages will be letting it go and not talking about Bruno when Disney On Ice hits the H-E-B Center at Cedar Park in April. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. July 8, 2014. Dan Duncan, pictured in this 2010 file photo, is a rags-to-riches story. By specializing in squeezing more oil and gas out of mature fields, he has built Hilcorp into the nations biggest privately owned oil company with operations in Texas, Louisiana, Alaska and Ohio. Perot insisted that his new office be made identical to his old one out at the former HQ of Perot Systems. You could fall from favor, maybe even lose a job, by joking of the oil business or getting a shade sloppy at the office party or too openly promoting Leftist candidates. 15 among the countrys wealthiest families, the Butts have a net worth of $17.8 billion. The Kinder Foundation has donated tens of millions of dollars to build parks along Houstons network of bayous and new buildings for the Museum of Fine Art. Most notable among the oil barons are the Koch brothers, Charles, 78, and David, 73, who top (by a long shot) the list of the wealthiest oil and gas barons (and baronesses) in the United States,. - Source of wealth: pipelines, #16. Fertitta has turned eatertainment into an empire. Most Dangerous Places In Texas; Best Places To Raise A Family In Texas; Detailed List Of The Richest Cities In Texas. We can transcend the script of a pre-defined story, and pave the way for the future that we design. Politically, this is bedrock conservative territory with the nut wing among Rightists well-represented. Andrew Beal- Net worth: $10.1 billion (#178 wealthiest in . Midlands full of eight-thousand-dollar-a-year millionaires, Odessans liked to sneer. Sixteen of the Most Influential Texas Business Icons of the Past 50 Years, Inside Friscos Lavish, Enormous New Golf Resort. List of Wealthiest Zipcodes in Odessa-Midland Area; Rank Map Key Zipcode Zip Name County Adjusted . Wealthiest Texas counties. A boom means money. . Today, though Midland held a slight population edge through the early 1940s and the growth battle remained close for another twenty years, Odessa claims more than 83,000 people to Midlands 58,000 and has clearly become the area trade center. Arnold was a wunderkind natural gas trader who earned Enron $750 million the year before its collapse. Fertitta also owns the Golden Nugget Casinos, the Bentley/Rolls dealership in Houstons Galleria, and a couple of hotels down in Galveston, where he got his start working at dads seafood restaurant after school. The Joneses and Herd are among the 64 Texas billionaires earning spots on the list. Even as much as America suffers unaccustomed economic rigors, the sober inheritors of the old Permian Basin are having themselves a first-class oil boom out therethanks to the energy shortage, rising oil prices, and the tough new attitudes of Arabian sheiks. Per capita income: $126,631; median home value: $279,569; Per capita investment income:. There is not a truly decent bookstore in either city. 34 in Texas and No. In 2014 he ended his career with a $70 billion megadeal that consolidated four affiliated companies into one goliath that now owns or operates 84,000 miles of pipe. Midland: 84.0: $83,616: 70: Benbrook: 85.33: $73,945: 71: Bedford: 85.67 . Twelve percent of the wealthiest Texans named on the 1982 list were from Midland. People in Midland are called Midlanders. Universal Studios Is Coming to Frisco. The team is now valued at $5.5 billion. The Hunts are No. Robert F. Smith- Net worth: $8.0 billion (#254 wealthiest in the world) Odessans might gussy-up their Chamber-of-Commerce Chuck Wagon Gang to feed barbecue in the interest of area trade days, but they knew enough not to put their hands on you or otherwise force participation in their play-actings. Those who are Disney On Ice Preferred Customers can get a head start and buy tickets now. Like Fort Worth when the late Amon Carter and his ruling pals aged or died, Midland had made few provisions for replacing its natural leaders. One hears of battles breaking out in the public schools over the vital matter of proper Dress Codes, and occasional patriots picket visiting speakers harboring loose ideas. Hunt. If your organization is interested in becoming a Stacker An avid reader, Kinder is a big fan of Winston Churchill: Probably the greatest person of the 20th century in terms of the direct contributions of one individual.. The Flatlanders dont have a song about it. Childress is a Good Ole Boy who sells used cars from his own lot in Odessaout of a trailer-house office plumped down in a scabby section he delights in wryly calling the heart of the financial districtand when he played high school basketball as Snake Childress he could be counted on to address the opponent who missed a shot or double-dribbled as Hot Rock for the rest of the game. Location-wise, it is interesting in that it is situated at around the same distance to both Dallas and Fort Worth, thus making it an . Hell, if I had the drillpipe and the rotary rigs Id be gettin good rich. His fortune stems from stakes in three publicly traded companies; Energy Transfer Equity LP, Energy Transfer Partners LP and Sunoco LP. 11 on the Forbes list. Getty Images. the Mortal Mustache, a.k.a. In doing so, youre agreeing to the below guidelines. Local parks, elementary schools and business centers bear the Fasken family name today, and there are two charitable foundations tied to different branches of the family. In retrospect it seems a rather remarkable decision, something like Baptist deacons voting to sponsor a dice tournament or girlie show. Fort Worth's Alice Walton daughter of Walmart Inc. founder Sam Walton is North Texas' richest person with an estimated net worth of $61.8 billion. From its ashes he launched his own fund Centaurus Advisors, where he churned out triple digit returns for several years. he earned degrees in geology and geophysics. James Leininger, founder of Kinetic Concepts Inc. that is now owner by Apax Partners, had a fortune of $1.3 million. Which 10 Families Are the Wealthiest? In 2020, Midland, TX had a population of 141k people with a median age of 31.4 and a median household income of $83,616. The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. With fortunes earlier established in cattle and cotton, the old First Familiesthe Scharbauers, Cowdens, Lancasters, Brunsons, Pecks, Barrons, Jowells, Proctors, Holts, Ulmers, et al.decided their banks would lend money for oil speculation. To be sure, many of these supporters rank among the wealthiest people in the country and are as prolific in their giving as in their networking. There was the roughnecks contempt of the fop in it, yes, but the community sneer also transported a certain sour-grapes jealousy. The calendar features a starting date of Aug. 10, a last day before Memorial Day and teacher TXDPS opens dispensing applications for THC medical program. storytelling. Defensive of his rep: If someone tells me my brand isnt a craft-distilled spirit because its too big, I just say, I make it the same way Ive always made it. He launched Titos with $90,000 on 19 credit cards. 1 of 32 Click through the gallery to see the richest families in Texas, . Thirteen Houston billionaires made it with one actually living in The Woodlands. There is a new restaurant/bar opening this week on Big Spring Street in central Midland. 15 in the state and No. Driven to bring world-class art to Arkansas, in 2011 she opened Crystal Bridges museum in Bentonville. Hunt, Herbert in the 1970s joined with brother Nelson Bunker Hunt (d. 2014) to try and corner the world silver market. - Residence: Midland, Texas The calendar features a starting date of Aug. 10, a last day before Memorial Day and teacher TXDPS opens dispensing applications for THC medical program. Robert is the wealthiest of the foursome. - Source of wealth: sports, real estate, Self Made, #4. Jeff Salamon is the deputy editor at Texas Monthly. When I visited an Odessa bookstore in the late 1960s, while on a promotion tour, the Birchers posted a lady who wrote down all the dangerous things I said. From any decent distance these lonely sisters of the barren flat plain, these isolated twin mini-cities of the vast Permian BasinMidland and Odessaappear more . The median home cost in Midland is Real Estate: $261,500. Working with Airbus, Aerion seeks to build the first supersonic business jets. If we wanted to snag one for tonight, for instance, at least a half-dozen hotels in Midland are charging more than $200 for one night., Indeed, you do not often seefigures like$265 and $269 next to names like Comfort Inn and Country Inn and Suites by Carlson., Ah, Midland: the West Texas land of opportunity, the Dallas-based Blaskovich continued. In Texas, Midland County situated in the Permian Basin claims the No. Per-capita personal income in Midland reached $65,173 in 2011, 12% higher than in the previous year. Whats that going to be in north Midland? Heres What We Want at the Park. Lee spent 12 years as commissioner of the Texas Parks and Wildlife Department. Their foundation is endowed with more than $90 million. The 400 together have a massed wealth of $2.7 trillion, up from $2.4 billion last year, according to the magazine. 1 spot with a $59,283 per capita investment income, $279,569 median home value and $126,631 per . One thing fails to lead to another, so to speak, and soon the Midland Women feel stuck out here. Read on for the complete list of Texas billionaires: No. Burnett, Norman Childress, and I are quaffing beer in a peeled Andrews Highway joint where the nicks and clicks of shuffleboard discs compete with a jukebox howling its best. The small city and its big wages are at the mercy of their natural resources and the globally-determined price of energy.. San Antonios Butt family, which owns the H-E-B grocery store empire, and the Dobson family, the founders and owners of Whataburger, got their money through food. in 1984. The PC company that Dell started in his University of Texas at Austin dorm room at 19 is now a hardware and storage juggernaut, Dell Technologies. National business periodicals, however, are on a first-name basis with us. No. One of 15 children (by three women) of legendary oil wildcatter H.L. An Odessa policewoman says, We knew good times had come when crime shot up. Rafael Dominguez was the richest in midland. In 1989 DeJoria and business partner Martin Crowley acquired a stake in boutique tequila maker Patrn and have grown it to sales of more than $800 million. Midland so loved Richard Nixon that one almost felt relief when encountering a Scoop Jacksonor even a George WallaceDemocrat. Elon Musk- Net worth: $136.9 billion (#2 wealthiest in the world) Amazon chief Jeff Bezos is the second-richest American with $81.5 billion, according to Forbes. Today TPG manages $73 billion. I thought it a pretentious place, one excessively concerned with form and appearance, one full of fake camaraderie and gimlet-eyed hustlers bent on getting the buck. People lost their jobs at the Chamber of Commerce, civic leaders dreamed of renovating downtown, billboards were posted on the outskirts calling attention to Midlands good business climate. Nothing much happened. Last year Dell managed a coup when he merged his privately-held Denali with publicly-traded EMC Storage in an estimated $60 billion deal. and more. At No. We tend to drink in bars. So he is a natural heckler, one quick to use the needle. Its basic. Gave $25 million to the University of Texas business school in 2013. A music fan, Warren produces albums for singer-songwriters at his Austin, Texas studio, Music Road Records. Milane Frantz- Net worth: $6.5 billion (#364 wealthiest in the world) KOSA-TV, Odessathe CBS outlethas a long history of Tory owners and managers who have protectively offered sitcom reruns or old movies whenever they found network documentaries excessively Leftist; KMID-TV, Midland, the NBC affiliate, is less sensitive to such menaces. I loved the wild clashes and random clamors of SintownOdessas aggressive definition of itselfwhile despising Midlands controlled bloodless efficiency and organized civic bustle: what sensitive poor boy truly believes he belongs in a communal entity advertising itself as Headquarters City of the Vast Permian Basin Empire? The richest family in Texas is the Duncan clan. - Residence: Austin, Texas It is more, somehow, than neighbors fighting for their respective shares of a common economic pie, and more than communities routinely tussling to see who lands the four-year college or gets to brand its name on a shared airportthough these, certainly, are part of the traditional squabbling. 67): $7.5 billion The same month, Forbes Magazine ranked Odessa and Midland as first and second on a list of the best cities in the country to find work. Leave them blank to get signed up. - Residence: Houston, Texas He would later make it big in natural gas, oil and petrochemical pipelines. H-E-B owners and namesake, the Butt family, is among the richest families in the U.S., according to a ranking released December 17 by Forbes. By 1987, she had consolidated her oil and gas operations into one company directly under her ownership and control, which was involved in all aspects of exploration, production, and marketing oil and gas in the Permian Basin, according to the story. Andrew Beal- Net worth: $10.0 billion (#174 wealthiest in the world) Here are the top ten richest Texans. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . Their differences may seem paltry or superficial or not to exist at all to the visitor blasting across Interstate 10 toward Fort Worth or El Paso, for there is a peapod samenessa tuneless monotony of brown land and anemic blue skyin these baked badlands where often the wind grows angry and spits hot sand. Waxing philosophical during a press conference for Sundance Square, he once said, Wealth is not, you know, a matter of money. Visiting longhairs continue to receive funny looks in polite society and need only enter the rowdier beer joints to assure their butt-stompings. They're worth $10.7 billion. 11-month-old Midland girl found safe, suspect in custody, Permian Basin oil and gas output reaches new stage of maturity, MISD board approves 2023-24 calendar without intersession, West Texas FC hires former player as head coach, Video: Bobcat perched on Texas family's backyard fence. Brother John died in a 2005 plane crash. - Source of wealth: supermarkets, #11. The heirs of pipeline tycoon Dan Duncan carry a combined net worth of $22.4 billion, which makes them the 10th richest family in the entire. Odessa, in the same period, was coming into an aggressive new wealth and spawning a new generation of go-getters determined to keep the good times rolling. Michael Dell of Dell Technologies in Austin is the second-richest Texan with $23.2 billion, according to Forbes. June 1975 0. Ambassador Bridge owner Manuel "Matty" Moroun was booted from the top ranking, as was Manoj Bhargava . It is these I often bid goodnight in order to race across the wasteland to Odessa, there to seek out my natural companionsthe sweat-hog lawyers and car salesmen and newspaper men. When Midland was a windmill town, in the late 1880s, its town boosters and Texas and Pacific railroad officials made a decision that may still haunt it: they refused to seek government emergency aid, while others did, during a disastrous two-year drought that starved cattle herds and dried up water holes. Jones Family Ranch - 255,000 acres Located on the South Texas coast near Corpus Christi, the Jones family ranches were founded by W. W. Jones in 1897 on land that had been part of the Las. Beal attended both Michigan State University and Baylor University, but dropped out of both. Its now worth $4.2 billion and has ranked as the most valuable NFL team for the past 11 years. Whatever spirit of adventure and hot fevered hope as live in the Permian Basin exist among these. The gap in net worth between the #25 and the #1 richest family is surprisingly wide, with the wealthiest family in America now worth more than $234 billion. This latest boom, thanks in large part tohydraulic fracturing(fracking) drilling technology, is well under way. Very private. They say money can't buy happiness, but it sure can buy many other things. Listed on 2023-01-01. In 1984 bankruptcy attorney Trevor Rees-Jones decided that he wanted to be the guy making the deals, not the schlub cleaning up after them. In 1995 Cuban and Indiana U. pal Todd Wagner founded Broadcast.com on the novel idea that people might like to watch video over the interwebs. In fact business journalists have long had their eyes on us. Perots Hillwood real estate company sold 15 million square feet of industrial space last year and continues to build data centers for Facebook and distribution centers for Amazon. Mimi Swartz is a staff writer based in Houston. The next richest Texan is Alice Walton with an estimated $55.7 billion. Four generations later, the Fasken family business, Fasken Oil and Ranch, is still making a killing off of West Texas crude.. Going back, for me, is like coming out on the other side of a Time Machine: it could be 1960 again, or maybe the mid-1950s. 374 in the country. The prostitutes and con men and knob-knockers are comin back. With his three brothers, Robert Bass inherited a small fortune from their oil tycoon uncle Sid Richardson (d. 1959) and built it into a big one. Midland settled down to building a spiffy Little Theater and a symphony orchestra that played in white tieseach with its own imported full-time professional directorand to counting its money and its blessings; its banks and newspapers hired artists and writers to capture the spirit of Midland on canvas and in books. Charles Butt's family, which owns H-E-B, are. But oils worth digging up again, yessir, and out there in the Permian Basin sands theyre dreaming of it reaching $15 or $20 a barrel and making new millionaires all over again. Rank City RichScore Median Income; 1: . Sid has been laying low since his 2011 divorce from super-socialite wife Mercedes. Thats because the same Bureau of Economic Analysis report that noted Texas incomes are rising at a higher rate than the rest of the U.S. found that Midland is the second-richest city in the country, ahead of San Francisco, San Jose and Washington D.C. Bridgeport, Connecticut,a metropolitan area that includes such Wall Street-friendly suburbs as Greenwich and Stamford, tops the list, which isbased on per capita income. Theyve been a cultural force. Still awed by his 86-year-old father: I got to see the American dream unfold in my living room. F. Follow this author to stay notified about their latest stories. Many for years were land poortheir acreages alternately baked or flooded; grasses often were sparse; herds seeking forage or fleeing sudden violent storms wandered away across the open range; sometimes a few remaining marauding Indians stole horses or butchered precious beef. View Map of Poorest Zipcodes in Odessa-Midland Area. Several have been doing it for centuries. Bonderman still works out of Fort Worth while Coulter is based in San Francisco. That sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. #20. But Midlands citizens had sunk everything they had in the future, John Howard Griffin wrote in his Land of the High Sky, and [they] did not want the rest of the world to know the true situation. Jason Heid is a staff writer and editor focused on business, medicine, science, and technology. In Houston, though, he is probably best known for creating the Woodlands. We told folks, Hell, you cant have disruptive forces in charge of things. Still, the West Texas version of moderation leaves something to be desired. October 2022 Reader Quiz: What Did You Learn? Robert Bass - Net worth: $5.06 billion 47. The Forbes 400 net worth cut off this year was a record-high $2 billion. The foundation has historically been a big a supporter of education, said Executive Director Jeff Alsup, noting the first grant was given to a student. Midland has the lowest unemployment rate in the state, and sales at the local BMW dealership are up 50 percent from two years ago. The son of African-American Ph.Ds, Smith as a boy in the early days of desegregation was bussed across town to go to school. Computer services and real estate magnate H. Ross Perot of Dallas, a former presidential candidate, has an estimated wealth of $4.1 billion, good enough for No. Midland hung a horse thief from a courthouse tree at the turn of the century; juries in each town have voted people eligible for the electric chair. Another conspicuous absence from this Texas rich list is Charles Butt, the scion of the family behind the beloved HEB supermarket chain. Hillary Hoffower. More Education Best Places to Live in Midland Rankings View All Origin of the fortune was their uncle Sid Richardson, a legendary wildcatter. as well as image rights, data visualizations, forward planning tools, Emily McCullar is a senior editor covering pop culture, news, and Texas history. The population, which had grown to 67,000 in 1960, slipped back to 58,000 despite a high local birth rate. In 1964 Jones was co-captain of the University of Arkansas team that won the national championship. Suddenly, Midland had 1700 surplus dwellings on its hands and many semi-empty skyscrapers. - Residence: Austin, Texas Fun fact for your next cocktail party: the newest Texan to join the Forbes 400 ranksis Bert Tito Beveridge, founder of Titos vodka. The other Texas billionaires that made Forbes' list are: Jerry Jones: Owner of the Dallas Cowboys. Their descendants had the then-sacrosanct 27 1/2 per cent oil depletion allowance going for them, which made Tax Time almost as merry a season as Christmas. Today, private jet start-up Aerion is the most high-profile investment by low-profile Robert. The companys annual sales are around $28 billion. The Hunts tried and failed in 2016 to take over Texas power giant Oncor. Randa Duncan Williams- Net worth: $6.5 billion (#363 wealthiest in the world) This year, Disney On Ice will feature the magical adventures of two popular Disney films Frozen and Encanto. Photo courtesy of Texas State History Museum Foundation. Facebook Twitter. A middle-aged lady wearing a corsage pumped the organ while her slick-haired, mustachioed partner squeezed an accordion. In 1980 he hooked up with Paul Mitchell. He pioneered the Barnett shale in north Texas, then moved on to the Marcellus in Pennsylvania. Four months ago, in November 2012, The Atlantic magazine noted that Midland was the second richest metro area in the country, behind Bridgeport, Conn. Who is the richest person in midland tx? Along the clutter of the East Eighth Street dives you could find the sort of action you craved: beer-drinking music, fisticuffs, dice or card opportunities, painted ladies for hire. Did you know? If you would like to become a Disney On Ice Preferred Customer, you can sign up here. Benson built some of his wealth in San Antonio with car dealerships and banking before moving to New Orleans in the 1980s after buying the NFLs New Orleans Saints. The Ewings arent up to no good there. You could fry in the sun, however, if you waited on a corner until any of the media outlets decided to probe or explore poverty, racism, institutional injustices, or otherwise critically examine their bailiwicks. The Lone Bookstore in a Town With No Library, Texass Big Ranches Are Still Selling for Big Bucks. The crowd sang along: of blue moons and of bicycles built for two and of goodnights to Irene. A big Republican donor, Rowling would prefer to support a Pence/Rubio ticket in 2020. - Residence: Houston, Texas What's that going to be on Big Spring Street? Midland 101: Eight Midlanders on list of wealthiest in 1982. The Texas banker also made a tidy sum during the Great Recession, buying distressed assets while the nations biggest banks were getting taxpayer bailouts. The Butt family last year ranked as the 23rd richest family in the country, equal to the Rockefeller family in New York. 1 richest family in the United States with an estimated net worth of $149 billion. We are a bunch of sweat-hog lawyers over here, getting it on in the courtrooms. Pricetag: $120 million. The man behind Titos vodka, of which he sells an estimated 44 million bottles per year. Tilman Fertitta - Net worth: $4.91 billion 29. Autry Stephens- Net worth: $10.0 billion (#179 wealthiest in the world) Post author By ; Post date edgewater oaks postcode; vice golf net worth on wealthiest families in midland texas on wealthiest families in midland texas 19 in the country. Independent oilmen swarmed in from all over, as did draftsmen and landmen and scouts and geologists and technicians and Ivy League lawyers. Midland isn't the most glamorous place to live, and it might not provide a scenic mountain backdrop with a temperate climate -- travel mags wouldn't know us if we paraded in front of them with party hats and streamers. There were 67 millionaire Texans on the list that year, and of those, 21 were from Houston, 20 from Dallas and eight from Midland. Has also donated $50 million to Stanford. 67): $7.5 billion Ann Walton Kroenke (No. Use Next and Previous buttons to navigate. 30 spot with a net worth of $10.8 billion. Their savagery was intimidating: we sissybritches Headquarters-City-of-the-Vast-Permian-Basin-Empire boys lost to Sintown by 20 to 7 and 48 to 0 in my time; only by joining the Army before my senior season did I avoid the record 55-0 plastering of 1946. Universal Studios Is Coming to Frisco. republish under a Creative Commons License, and we encourage you to Editors also said that not everyone named would consider it an honor to be included. Mark Cuban, owner of the Dallas Mavericks basketball team and an investor on the television show, Shark Tank, has an estimated wealth of $3.3 billion, making him tied as the 21st richest Texan and ranked as tied at No. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. 1. The U.S. leads the rest of the globe with 735 billionaires worth a collective $4.7 trillion, according to Forbes. According to Pew Research Center data, people in the U.S. became somewhat more critical of billionaires between 2020 and 2021. One time she wrote about sports. I have amassed quite a collection of recipes from my favorite cookbooks and food magazines, and now, because of all the foodie blogs out there, I am adding more every day! If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. The 1,532 sq. Accounting. And money means Im gonna be real happy in my surroundings., Yes, its true. - Residence: Fort Worth, Texas Real-time data from Forbes' billionaire list includes notable names such as Dallas Cowboys' owner Jerry Jones, Shark Tank's Mark Cuban, and Walmart heiress Alice Walton. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. The Basses hold down the No. Hunt endured in the oil business; his Petro-Hunt sold oilfields in North Dakota in 2013 to publicly traded Halcon Resources for $1.5 billion in cash and stock. The University of Houston, where buildings and streets bear his name, benefitted most from the Cullen fortune, receiving more than $22 million in gifts. Midlands civic leaders and community dads, in effect, proved short-sighted. Forbes list is topped by the Walton family, of the Wal-Mart fame, and includes a total of 185 food, financial, energy and media dynasties. The prominent Midland oil family ranked No. John Leyba/Denver Post // Getty Images. Tilman Fertitta- Net worth: $7.9 billion (#267 wealthiest in the world) The chain-owned Odessa American (a product of Freedom Newspapers, with headquarters in Orange County, California) is the more blunt and strident; the home-owned Midland Reporter-Telegram tends to pussyfoot or hem and haw. Now, at last, someone has noticed. Forbes acknowledged the list may not have been "absolutely correct" and published that it chose to be ultraconservative in its estimates so that all who deserved to be on the list would be included. Terrell Hills (San Antonio) Population: 5,371 Rank last year: 1 Median household income: $181,979 Unemployment . As recently as last week, Mayor Wes Perry was a guest on the Stuart Varney Show on the Fox Network, a tradition of national media exposure for Midland that began at least 70 years ago when Life magazine was writing features on both the oil industry and the old Midland bombardier school. They view their experiences as having suffered some remote outpostas with the British, say, in India. They sold the company to Yahoo! Thats why the law offices over there have drapes and deep rugs and everybody talks in hushed tones. Now under construction is a new $450 million arena with half its cost being borne by Bass and other donors. Arguably Fort Worths biggest booster, Ed Bass has led the drive to revitalize the Texas city, focusing on its downtown Sundance Square and $65 million Bass Performance Hall, which opened in 1998. With $700 between them they launched hair care empire John Paul Mitchell Systems (still going strong with $1 billion in sales). All because he was the biggest drug lord of west Texas. - Residence: Houston, Texas Won the World Spirits Competition in 2001. your CMS. Funded a $32 million equestrian center at Texas A&M. (Photo by Kevin C. Cox/Getty Images), in 2011 she opened Crystal Bridges museum. In Texas, low oil prices have flatlined the growth in some fortunes, like that of San Antonio natural gas tycoon Rod. The Midland-based firm has suitors including Exxon Mobil Corp. and Chevron Corp. weighing bids that could value the company at $15 billion, including about $1 billion of debt. To be a police reporter there was to visit the hospital emergency room oftengreat were the stabbings and shootings and simple country butt-stompsand to find the jails bursting at the seams. I just have a lot more stills.. Tom Foster writes about business, innovation, and creative people. A mathematics enthusiast, in 1993 he developed the Beal Conjecture, a complex mathematical problem, and offered $1 million to anyone who could solve it. Since then he has more than doubled the chain to 60 locations and 21,000 rooms. To publish, simply grab the HTML code or text to the left and paste into descendants of legendary oilman Hugh Roy Cullen comes in at No. Two of his daughters, Milane and Dannine, are active philanthropists around Texas. 12 of 39 13 of 39 #18. As we noted at the TM Daily Poston Tuesday, Odessa had the highest percentage growth in the U.S. for 2011 at 12.4%, but its per capita income of $38,385 put it at 149th overall. 10 min read In this article, we will be taking a look at the 30 wealthiest. 10. 48): $9.8 billion Stanley Kroenke (No. He rescued Texas ice cream maker Blue Bell with a $125 million loan after a 2015 listeria outbreak halted production for months. Investing in the dusty expanses of West Texas more than 100 years ago has paid off for the Fasken family, which just earned a spot on Forbes list of wealthiest dynasties. The Bass, Hunt and Marshall families were all ranked in the top 30, with the Marshall Family highest at 14. By the mid-1960s, however, as oil production lost its potential for dizzy quick profits due to restricted allowables and world market conditions, many independent operators went under; the major oil companies retrenched by first trimming their white-collar fat. Richard Kinder- Net worth: $7.2 billion (#309 wealthiest in the world) "In 1913, David Fasken Sr., a Canadian lawyer, purchased a ranch in West. The less fortunate found a new recreation: driving around West Midland to view sprawling new homessome looking like Mussolini-era depots or the Ramada Inns of a later day or old stone fortswith their manicured lawns and landscaped trees or shrubs. Also has invested in a film production studio thats set to release its first movie, a story based on the kidnapping of oil heir J. Paul Getty III, later this year. Cuban has since spent the last decade and a half doing just about anything he wants. Americas Richest Families know how to build wealth and maintain it through an ever-changing business climate. 15 in the state and No. David Bonderman- Net worth: $6.5 billion (#371 wealthiest in the world) The end of an era came in early 2017 when the Bass brothers agreed to sell their oil company to Exxon Mobil for $6 billion. Midland at that time refused to join the Upper Colorado River Authoritya mistake Odessa did not makeand fifteen years would pass before the city, after many costly drilling operations discovering dry holes, found water sources sufficient to encourage modern industry. They built a consortium with rich Saudis that accumulated 195 million ounces. The magazines' revelations aren't so much revelations as they are widely known current reality: Our turbocharged oil-based economy, and all that comes with it -- both good and bad -- is riding a wave of prosperity like never before. Photographer: Jin Lee/Bloomberg. Theres got to be a higher purpose to serve in this life, he says. - Residence: Electra, Texas There is a new restaurant/bar opening this week on Big Spring Street in central Midland. In May Dell donated $1 billion to his nonprofit the Michael and Susan Dell Foundation, and following Hurricane Harvey in August, the Houston native pledged $36 million to fund area relief efforts. The Walton family which owns 54 percent of Walmart is the overall No. The three were worth $10.8, $15.5 and $18.6 billion, respectively. Compared to Texas, Midland home prices are more expensive than the state's average of . Odessa literally kept a low profile: you could scarcely see its skyline from the nearby oil fields. A devoted outdoorsman, Lee has been instrumental in protecting rhinoceroses worldwide, and is responsible for bringing critically endangered black rhinos and white rhinos to the Fort Worth Zoo. Later he launched Perot Systems, which Dell bought for $3.9 billion in 2009. Everybody wore burr haircuts, neckties, class rings, and hopes of riches on their sleeves. Save all of your favorite content in one curated collection. Ken Fisher- Net worth: $6.2 billion (#396 wealthiest in the world) As early as 1950though the fact then was obscured by the runaway boomits formerly vigorous old-timers began to lose their visions and their grips. We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. Richest child of legendary oil wildcatter H.L. The 10 Richest Cities In Texas For 2022. The Sauds with $100 billion. - Residence: Dallas, Texas Forbes lists 73 billionaires in Texas. Overall, Americas rich just keep getting richer thanks in large part to Internet Bubble 2.0. Hunt, sit at No. Get PC Daily delivered directly to your inbox don't miss anything! The four children of pipeline mogul Dan Duncan Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan inherited a $10 billion estate from their father when he died in 2010. - Residence: Dallas, Texas In 2002 he had his first big score when he and billionaire friend Ron Perelman sold Californias Golden State Bancorp to Citigroup for $6 billion in stock. median household income $78,805 median home price $270,000 cost of living 3% above nat'l avg college attainment 27.6% net migration 850 (year: 2018) unemployment 2.1% major industries Energy,. And like the British, theyve tried to improve the lot of the natives. Hunny, she said, I read they was having a boom out here. Read the full story and watch the video at KVUE.com. 163 with a $1.5 billion combined net worth. The extended Walton family still own more than half of Wal-Mart. SAN ANTONIO -- Two of the richest families in the country, which combined are worth nearly $12 billion, base their headquarters in San Antonio. No, you could not. Midland, Burnett is saying, simply has more of the genteel about it. Contents 1 Armed forces 2 Arts 2.1 Film, television, and theater 2.2 Journalism and literature 2.3 Music 3 Athletes 4 Business 5 Government and politics 6 Science and technology 7 Other 8 References The Wertheimers with $62 billion. Fertitta, a dropout from the University of Houston, is now president of its board of regents. Joe Gebbia- Net worth: $5.8 billion (#429 wealthiest in the world) - Residence: Electra, Texas Some prosperous newcomers, agitated by blowing sands during the windy season, erected costly, highand ineffectualfences as protection. Theres certainly plenty of Texans whohave deep enough moneybags to be in the Forbes 400 but dont showup yetbecause our intrepid reporters (including Noah Kirsch, Michela Tindera,Max Jedeur-Palmgren,Igor Bosilkovski,Yinan Che,Deniz Cam andAndrea Murphy) havent yet nailed down the numbersbeyond a reasonable doubt. Their cattle empires had not been forged without pain, sweat, and loss. He also owns the NBAs New Orleans Pelicans. Among other widely known rich Texans, Dallas Cowboys owner Jerry Jones of Dallas at $5.6 billion is the fifth richest Texan and No. The Waltons with $212 billion24. Dan Solomon writes about politics, music, food, sports, criminal justice, health care, film, and business. I think they actually believe I am somehow deprived by not living there, that my secret soul must yearn for some missing magic indigenous to Midland and available nowhere else. There are about 15.7 students per teacher in Midland. A long time ago, Midland decided to take the high road. Quote: We are only bound by the limits of our own conviction. After outcry against Lees insistence that he get to approve the programs professors, Yale canceled the program and returned the donation. Missouri City is conveniently located minutes away from Downtown Houston and has all the amenities that the big city has to offer. Jerry Jones- Net worth: $13.6 billion (#129 wealthiest in the world) Hunt family - Net worth: $15.5 billion - Number of family members: 24 - Source of wealth: Oil - Headquarters: Dallas, TX. And Grande Communications Stadium is not quite Cowboys Stadium, even if the former is the one that has a corporate sponsor. Odessa, on the other hand, has little demand for corporate lawyers. Known to be a sentimental packrat, Perot brought over his 6,000-object collection, including a walking stick purported to have belonged to Osama Bin Ladin. Probably the greatest person of the 20th century in terms of the direct contributions of one individual. Texass Most Venomous Caterpillar. We have had the privilege of guiding generations of clients, applying a consultative approach to managing the complexities that accompany wealth. MIDLAND, Texas (KTRK) -- A statewide Amber Alert has been discontinued after it was issued late Tuesday night for an 11-month-old girl. To that end, most Stacker stories are freely available to All these energetic movers and shakers needed facilities, so Midlands banks plowed their capital into mini-skyscrapersnineteen stories, twenty-four, twenty-nine; it was astonishing to see a budding Dallas springing from the flat desert floorand soon the major oil companies, as well as the independents, became tenants. McNair secured the NFL franchise for Houston for $700 million in 1999 and created the leagues youngest expansion team. SCHOOLS Midland public schools spend $8,665 per student. Dallas Cowboys owner Jerry Jones is the fifth richest Texan and has a wealth of $5.6 billion, according to Forbes. View more property details, sales history and Zestimate data on Zillow. Long before his presidential campaigns (1992 and 1996), Perot was a salesman for IBM. - Source of wealth: Walmart, #1. It was considered the richest family in the world for much of 1800's. It originated from Frankfurt in the old Holy Roman Empire and the family members have Ashkenazi Jewish ethnicity. A small part of Midland is in Martin County.. At the 2020 census, Midland's population was 132,524. It is also the county seat of Midland County. sales) car distributor built by his father, Thomas (d. 2017) that enjoys exclusive rights to sell Toyotas in Texas, Arkansas, Louisiana, Mississippi and Oklahoma. Man charged with kidnapping, assaulting woman in AMBER alert case, Midland Health: Beat the stress of New Years resolutions in 2023, HS BOYS BASKETBALL: Greenwood loses heartbreaker to Seminole, HS BASKETBALL ROUNDUP: MHS boys get key district road win, Pioneer COO: Oil and Gas in Permian Basin in state of growth, HS GIRLS BASKETBALL: Seminole beats Greenwood to move into 1st. In the 1970s DeJoria sold shampoo door-to-door and slept in his car. Daughter Alexis competes in the National Hot Rod Association. together, those eight midlanders had a combined estimated total wealth of $2.45 billion, and included cy wagner and jack brown, each with a personal wealth of $550 million; carlton beal ($400. 127 on the list of billion-dollar fortunes with a net worth of $1.8 billion. Ken Fisher - Net worth: $6.2 billion (#396 wealthiest in the world) - Residence: Dallas, Texas - Source of wealth: money management, Self Made #18. In 2015 Hildebrand gave each of his 1,400 employees a $100,000 bonus after they doubled the size of his company in five years. September 17, 2017. As in an earlier time, Odessa is looser, more informal, more rollicking, more old-shoe and howdy-do. During a so-called retirement, Mitchell turned to real estate and bought Bald Head Island in North Carolina along with hotels in Galveston. We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. - Source of wealth: private equity, Self Made, #17. Dont underestimate for a moment the influence of Midland women on their community. Its tough to get a hotel room, Blaskovich wrote. - Source of wealth: Dallas Cowboys, Self Made, #3. Not that its like it was in the early Fifties; the towns not a wide-open sinkholebut were keepin an eye on it. Midland, too, has known its drilling activity; as in the older time, however, it fails to bustle in concert with Odessas tempo. Alice Walton isnt the only Texan whos a member of the Walton dynasty. They seem to smell it. Today, with out-of-towners coming to Midland looking for work, sometimes with literally no more than what they can fit in their cars, these times are as robust as ever. Amazon chief Jeff Bezos is the second-richest at $67 billion. RELATED:New report shows which zip codes in San Antonio are doing best economically. It features a 100,000 gallon cistern to collect stormwater for irrigation. Having worked its eight hours, Midlands white-collar and professional element went to the country club or to bedor, perhaps, to Odessa. Sid negotiated the deal directly with CEO Rex Tillerson. Michael Dell- Net worth: $52.5 billion (#23 wealthiest in the world) With consistent double-digit annual returns, Vista has grown to $30 billion under management. The magazine racks recommend a high percentage of detective stories, mechanical manuals, homemaking hints, and almost as many porn offering as Times Square outlets. Goldsbury and McCombs in March each had an estimated net worth of $1.6 billion. - Source of wealth: oil, Self Made, #7. Forbes lists 73 billionaires in Texas. Midland lawyers drink at home. He is not merely generalizing his own example: my Midland friends, lawyers or otherwise, invite me to their homes; Odessa chums transport me to, or meet me in, public places. They still give a prize to the first bale of cotton in Midland every year and if they wanted to be fair about it theyd give a prize to both bales.. With wife Mindy he opened Houstons River Oaks Donuts. In one of the biggest scores of the oil boom, George Bishops Geosouthern Energy sold its south Texas fields to Devon Energy for $6 billion in late 2013. 2 in. - Source of wealth: Houston Rockets, entertainment, Self Made, #10. Forbes says the stock generates more than $700 million in annual dividend income for the family. The Butts and the Waltons aren't the only wealth families in the Lone Star State. Industry: Finance & Investments Net worth: $2.78 billion According to Forbes, Dallas-based businessman Gerald Ford earned his fortune by purchasing distressed banks. The Hoffmann and Oeri Families. While write-ups by Marketwatchand othersunderstandably played up the shock that Midland was ahead of such cities as New York and San Francisco (to say nothing of Dallas or Houston), for Texans, this news may not come as that big of a surprise,wroteTerence Henry of State Impact Texas: Midland has been home to several oil booms, one of which wentbust in a big wayin the mid-eighties. Source of wealth: oil, Self Made #7. He also owns ranches in Texas and Flint Hills of Kansas where he is devoted to seeding with native grasses. Offshoots from his family investment office include billionaire David Bondermans Texas Pacific Group. The fittest survived and, as Darrell Royal says, The big uns ate the little uns plumb up.. Heres What We Want at the Park. He was the first to develop the Barnett shale field in Texas, which he later sold to Devon Energy in 2002 for $3.5 billion. Worth $8.4 billion and the 294th richest person in the world. Mark your calendar for a magical day. Midland is currently growing at a rate of 1.56% annually but its population has decreased by -1.60% since the most recent census, which recorded a population of 141,194 in 2020. Proud denizens of each community, from bankers to barbers to roughnecks, would feel deprived and robbed to the point of war; there is an almost comic edge to their rivalry, in each communitys assumption that it has the drop and the goods over the other. Robert ventured off on his own in 1986, creating a family office that became Oak Hill Capital Partners. It took a fortune of at least $2 billion to make Forbes 2017 list of 400 richest Americans. Weaving together the multigenerational sagas of the industry's four wealthiest families, Burrough brings to life the men known in their day as the Big Four: Roy Cullen, H. L. Hunt, Clint Murchison, and Sid Richardson, all swaggering Texas oil tycoons who owned sprawling ranches and mingled with presidents and Hollywood stars. He started with nothing in the oil business but became one of the biggest winners in the shale fracking revolution. The Ambanis with $94 billion. Posted . Such natural conservative reflexes as were handed down by the regions original settlers (independent, isolationist critters willing to risk a raw country in exchange for individual opportunities) have been reinforced, and continue to be reinforced, by the one-note drummings of what Harry Truman called the one-party press. Of course, the safely monopolistic newspapers in each city fail to run the risks of the early-day pioneershell, they dont even run the risks of that competitive Free Enterprise system they so doggedly recommend to the rest of usas they preach against meddling Feds, Godless Reds, labor unions, and government spending or sapping taxations at all levels. His Rees-Jones Foundation is endowed with $550 million and has given more than $300 million in grants, including $19 million to establish the Rees-Jones Center for Foster Care Excellence at the Childrens Medical Center. Believed to own Chub Cay island in the Bahamas and a golf course near Houston. Authorities issued an update just before 1 a.m. Wednesday . His net worth could be considerably higher than our conservative Forbes estimate. In early 2017 Lee Bass and his three brothers sold their oil company, originally inherited from tycoon great-uncle Sid Richardson (d. 1959) to ExxonMobil for $6 billion. A sale of that. It features works by the likes of Warhol, Rothko and Norman Rockwell. Table of Contentsshow 110. For these were conservative hulks in their politics and in their personal habits, the descendants of hard-scrabblers who had dribbled and drifted into the lonesome territory in the 1870s or 1880s to slowly build a windmill town called Midway (because of its location smack between Dallas and El Paso). This despite the fact that Hugh Roy Cullen gave away an estimated 95 percent of his wealthbefore he died. Although support for individual billionaires like Elon Musk or Bill Gates is relatively strong, many Americans view the ultra-richas a group rather than as individualsnegatively. The late Ting Tsung "T.T." The $3.8 billion Dakota Access Pipeline is only the latest addition to the Energy Transfer empire founded by Warren and Ray Davis in 1995. 15 on the national list; their source of wealth . Teaches Sunday school. Robert Rowling - Net worth $5.8 billion 56.Ray Lee Hunt - Net worth: $6.1 billion 65. But if you could show decent prospectsa hopeful geological survey, proximity to earlier drilling successes, an option to explore where the signs looked goodthen Midlands banks would finance you to their long-term profit. how are the united states and spain similar. What he said, however, qualified as apt beer hall social commentary: Midland has had this thing about preserving what already is gone anduntil recent years, anyhowwas the damnedest place for staging Pioneer Days and Frontier Days and such that you ever saw. Stacker believes in making the worlds data more accessible through - Residence: Austin, Texas Here's a look at 10 key Texas GOP bundlers. Beveridge grew up riding horses in San Antonio. A lot of em came out here fresh from the proper schools back East, married to husbands farmed out to protect second- or third-generation family investments or to serve some corporate interest back there. The Mars family with $142 billion. This Top 10 list obviously fluctuates. In June 2017, after intense protests led by the Standing Rock Sioux tribe and an executive order from President Trump, Energy Partners was able to finish the 1,172-mile line, which carries 500,000 barrels per day. By the mid-1950s Odessa was on the way to landing a sizeable petrochemical complex and was building a huge county coliseum in which to stage a profitable biannual commercial Oil Show plus everything from rodeos to wrestling to rock band concerts (at a time when Midland was surrendering, because of a lack of facilities and community interest, its traditional World Championship Rodeo); it was dispatching civic squads far and wide to attract government or private funding. In 1913, David Fasken Sr., a Canadian lawyer, purchased a ranch in West Texas that was later discovered to straddle a sea of Permian Basin oil, according to Forbes. No, for by then geologists had confirmed earlier suspicions: the bald desert literally reeked of oil, the subterranean Permian Basin Pool covered a grand expanse of the old prehistoric Permian Sea and tested out richer than fresh cowplop; it was, simply, one of the richest strikes to be found anywhere, and even some few fools and dreamers became wealthy. David Bonderman Odessa might break my jaw, sure, but Midland, with its socio-economic snobberies, automatic exclusions, and reflexive acquisitive instincts, seemed a threat to break my spirit. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. In essence, however, they serve the same masters. The family's estimated net worth of $45.9 billion makes them one of the richest families in France and among the wealthiest families in the world. Dallas' Hunt family is the second richest in Texas, with an estimated net worth of $14.2 billion divided among 33 family members. Unless you crave country music or studio evangelists or thirteen super-loud and frantic commercials per six minutes, you have small use for your West Texas radio. Forrest Wilder writes about politics and the outdoors. From any decent distance these lonely sisters of the barren flat plain, these isolated twin mini-cities of the vast Permian BasinMidland and Odessaappear more alike than not. That, to me, is the essential difference between the sister cities of the flat brown plain, and in lonely country where one has a sense of living on the very edge it is not an inconsiderable one. Arnold now focuses his brainpoweron strategic philanthropy, pushing much-needed, large-scale policy reform in criminal justice, public pensions and junk science. Periodically, in both Midland and Odessa, vigilantes attempt to pluck Hemingway, Steinbeck, Vonnegut, and other dangerous or trashy writers from the library shelves. 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