Three Austinites on Forbes’ billionaires list


Forbes magazine released its ranking of the world’s billionaires Monday, and three Central Texas residents made the list.

Dell Inc. founder and CEO Michael Dell ranked No. 47 on the Forbes list of the world’s richest people, with the magazine estimating his net worth at $19.2 billion, up from $17.5 billion last year.

Dell, 50, a longtime Austin resident, has about a 70 percent ownership stake in Dell Inc., but has the majority of his wealth in his two investment firms, MSD Capital and MSDC Management, which have interests in real estate, banks, automotive businesses and energy companies. Dell is No. 26 among Americans on the Forbes list, and is the second-wealthiest person in Texas behind Wal-Mart heiress Alice Walton, a Fort Worth resident with a net worth of $39.4 billion, according to Forbes.

Austin resident John Paul DeJoria, leader of John Paul Mitchell Systems and Patrón Spirits, ranked No. 663 in the world with an estimated net worth of $2.8 billion. DeJoria, 70, co-founded hair-care company John Paul Mitchell Systems in 1980 and later founded tequila distiller Patron Spirits. Last year, Forbes estimated DeJoria’s net worth at $3 billion.

The third Austin resident on the list was David Booth, co-founder of Austin-based Dimensional Fund Advisors. Booth, who made the Forbes list for the first time last year, increased his net worth from $1.3 billion last year to $1.6 billion this year, according to Forbes. Booth ranked No. 1,190 on the Forbes list.

Among other Texans making the list were Charles Butt, chairman and CEO of the San Antonio-based H-E-B grocery store chain. Forbes ranked Butt and his family at No.94 in the world with an estimated net worth of $12.1 billion, up from $10.1 billion in 2014. Ranked No. 847 with an estimated net worth of $2.2 billion is former Houston Astros owner Drayton McLane, a Temple resident.

Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. Added together, they were worth a combined $7.05 trillion, up from $6.4 trillion last year. Most of those on the list were men. But there were 197 women, up from 172 a year ago.

Otherwise on the Forbes list, the world’s richest person got even richer this year and a basketball superstar-turned-owner made the list for the first time.

Forbes said Bill Gates’s net worth rose to $79.2 billion in 2015 from $76 billion last year. That put him at the top of the magazine’s list of the world’s billionaires for the second consecutive year. The co-founder of Microsoft Corp. has topped the list for 16 of the past 21 years.

In second place is Mexican telecommunications mogul Carlos Slim Helu, with a net worth of $77.1 billion.

Next is investor Warren Buffett, who moved up one slot this year with a net worth of $72.7 billion. In fourth place was Amancio Ortega, the Spanish co-founder of clothing retail chain Zara, with a net worth of $64.5 billion. Rounding out the top five was Larry Ellison, founder of technology company Oracle Corp., with $54.3 billion.

Basketball legend Michael Jordan joined the list for the first time this year, thanks to his ownership in the NBA’s Charlotte Hornets and payouts form his Nike brand. Jordan had a net worth of $1 billion, the magazine said.

This is the 29th year that Forbes has released its billionaires list. The magazine said it calculated each person’s wealth based on stock prices and exchange rates as of Feb. 13.

Additional material from the Associated Press


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