Bloomberg News is reporting that Fort Worth hedge fund manager John Kleinheinz is winding down his Kleinheinz Capital Partners and will return investors their money. Bloomberg cites a letter sent to clients. According to regulatory filings, Kleinheinz Capital had $4.3 billion in regulatory assets as of Dec. 31, Bloomberg said.
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-- Jim Fuquay
With the exception of relocating Wal-Mart heiress Alice Walton's residence from Parker County to Fort Worth (mistakenly, as far as we know), the Tarrant area members of Forbes magazine's annual list of the wealthiest Americans are pretty much unchanged this year. Walton is No. 8 on the 2012 list, with a net worth of $26.3 billion. (She listed her residence as 11500 Interstate 20, the address of her 3,200-acre Rocking W Ranch outside of Millsap, in October 2011 when she was charged with DUI on her way home from her 62nd birthday party in Fort Worth.) She's followed by investor Robert Bass (tied at No. 151 with Dallas Cowboys owner Jerry Jones at $2.7 billion), investor David Bonderman (No. 170, $2.6 billion), investor Richard Rainwater (No. 206, $2.3 billion), brothers Ed and Lee Bass (tied at No. 239, $2 billion), and Sid Bass (No. 271, $1.8 billion). All have been on the list for years.
Dallas area residents on the list, in addition to Jones, include banker Andrew Beal, investor Harold Simmons, oilman and real estate developer Ray Lee Hunt, investor Robert Rowling, oilman Trevor Rees-Jones, investor H. Ross Perot Sr., oilman Timothy Headington, Dallas Mavericks owner Mark Cuban, pipeline operator Kelcy Warren, banker Gerald J. Ford, Texas Rangers co-owner Ray Davis, real estate developer H. Ross Perot Jr., investor T. Boone Pickens, telecommunications operator Kenny Troutt, and online media developer Todd Wagner.
The complete list is here.
-- Jim Fuquay
Billionaire investor Warren Buffett says he's in great health and is sticking around at his investment holding company, Berkshire Hathaway, but he says he's picked his successor. Buffett didn't specify anybody by name, but he praised the work of some Berkshire insiders thought to be candidates, including Matthew Rose, CEO of Burlington Northern Santa Fe.
Billionaire investor Warren Buffett says he's in great health and is sticking around at his investment holding company, Berkshire Hathaway, but he says he's picked his successor. Buffett didn't specify anybody by name, but he praised the work of some Berkshire insiders thought to be candidates, including Matthew Rose, CEO of Burlington Northern Santa Fe.
