The pipeline giant announced in July a plan to build an offshore terminal in the Gulf of Mexico to accommodate bigger ships for exporting crude oil to Europe and Asia. Today Enterprise Products Partners owns about 49,000 miles of pipeline, as well as crude oil and natural gas processing and storage facilities. Williams is the only one to sit on the board. The four children of Houston pipeline tycoon Dan Duncan inherited a tax-free $10 billion stake after his death in 2010, when there was a temporary repeal of the death tax. Probably the greatest person of the 20th century in in terms of the direct contributions of one individual.” An avid reader, Kinder is a big fan of Winston Churchill. Kinder stepped down as CEO of gas pipeline giant Kinder Morgan in 2015 but remains as its executive chairman. They have also helped underwrite a dramatic expansion at Houston’s Museum of Fine Art. They have been instrumental in supporting the transformation of Houston’s network of winding bayous into a connected system of parks. In April, Kinder and his wife, Nancy, donated $70 million for the restoration and redesign of Memorial Park in Houston, a large urban park with about 30 miles of trails. He now owns more than 80% of Comstock, a stake worth about $650 million. Jones made a big deal this year selling some Bakken shale oil fields for shares of Comstock Resources. He bought the team for $150 million in 1989. For the past 12 years, Jones’ Dallas Cowboys have held the title of most valuable NFL team, at $5 billion. 5) this year thanks to a $1.3 billion boost in his fortune. Jones swapped place with Richard Kinder (No. Beal bought a sprawling, 25-acre Dallas estate in 2016 for an undisclosed amount, only to sell it for $36 million in an auction less than 2 years later. He attended Michigan State University and Baylor University, then dropped out and started Beal Bank in 1988. Dell started the PC giant in his University of Texas at Austin dorm room at 19 years old.Ī college dropout who once had a job fixing broken TVs, Beal became the nation’s wealthiest banker by picking up distressed assets such as bonds backed by airplanes after 9/11, then cashing out at a profit. Nearly half of Dell’s fortune lies in his investment firm MSD Capital, which has stakes in hotels like the Four Seasons Maui, Grand Central Terminal and DineEquity, parent of Applebee’s and IHOP chain. ![]() She also sits on the board of the Walton Family Foundation, which disbursed $536 million in 2017, mainly to educational and environmental causes, and to projects in the Ozarks.įive years after Dell took his company private in a leveraged buyout, the combined Dell Technologies announced that it will seek to return to public markets. Brothers Rob and Jim still work for the family company, while Alice spends her time on art and horses. The only daughter of Walmart’s founder, Sam Walton, continues to top the list as the richest Texan with a jump in net worth of nearly $7 billion from last year. ![]() They've all given generously, with Ed this year paying $160 million for the renovation of the Peabody Museum at alma mater Yale. Ed is the renaissance man, whose love of architectural challenges led him to invest in both the ill-fated Biosphere project as well as the remarkable rebirth of downtown Fort Worth. ![]() Lee is a man of the land, operating vast ranches in south Texas, raising both longhorn cattle and thoroughbred horses. Bob is devoted to building the world's first supersonic private jet with Aerion Supersonic. From their modest inheritance of about $2.8 million each, the brothers have built an investment empire. 1959) made one of the great fortunes of the early oil age. Some of those fields had been "in the family" since their oil tycoon uncle Sid Richardson (d. ![]() It was a Rex Tillerson's last deal at Exxon, and he negotiated it with Sid Bass. They are on a roll, having recently dished Richardson Carbon Black to Tokai Carbon for $300 million, auctioned their parents' art collection at Christies for $165 million and trading their oilfields in west Texas and New Mexico to ExxonMobil for $6 billion in stock. Income Tax Calculator: Estimate Your TaxesĪnother highlight: The Bass Brothers.
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