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09/16/2013

Alice Walton, Basses prominent on Forbes list of richest Americans

Alice Walton, daughter of the late Wal-Mart founder Sam Walton, ranks No. 8 on the new Forbes 400 list of the wealthiest Americans. She's also the richest Texan by the magazine's estimate, with a net worth of $33.5 billion. Walton has a home in Fort Worth and a ranch in Millsap. The magazine, in a story focused on her art collecting, describes her living arrangements like this:

"She spends the majority of her time at her Rocking W Ranch an hour west of Fort Worth, Tex., in tiny Millsap (pop. 409), where she breeds cutting horses and cooks her famous beans and rice for her ranch family, as she calls her live-in staff. She’s never had any kids, but speaks fondly of her 23-year-old horse trainer, Jesse Lennox, and loves watching him compete."

Every other Fort Worth name on the Forbes list has a direct tie to the city's Bass family. Those include brothers Robert M. Bass (No. 193, $2.8 billion); Edward and Lee Bass (No. 260, $2.1 billion); and Sid R. Bass (No. 314, $1.8 billion). Tied for No. 209 at $2.6 billion each are Richard Rainwater, who was the family's longtime financial advisor until 1986, and David Bonderman, who was Robert Bass' financial advisor and since 1992 has been a private equity investor.

Also on the list are brothers Dan and Farris Wilks, who founded and sold Fort Worth-based FTS International, formerly Frac Tech. They live in Cisco, where FTS started, and have an estimated net worth of $1.5 billion each, ranking No. 352. FTS moved its headquarters to Fort Worth in 2011.

Prominent Dallas residents on the list are topped by investor Harold Simmons at No. 40 with $10 billion. Dallas Cowboys owner Jerry Jones is tied at No. 166 with Herbert Hunt with $3 billion, Dallas Mavericks owner Mark Cuban checks in at No. 222 with $2.5 billion; and Texas Rangers co-owner Ray Davis is No. 296 with $1.9 billion. H. Ross Perot Sr. is No. 134 with $3.5 billion, and son H. Ross Perot Jr. is No. 314 with $1.8 billion.

-- Jim Fuquay

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