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. Mark your calendar for a magical day. The median home cost in Midland is Real Estate: $261,500. - Source of wealth: Airbnb, Self Made, #19. We can transcend the script of a pre-defined story, and pave the way for the future that we design. Thats why the law offices over there have drapes and deep rugs and everybody talks in hushed tones. Then after Frozen, the audience will take a journey to Columbia to meet the family from Encanto, the Madrigals. - Source of wealth: banks, real estate, Self Made, #6. His net worth could be considerably higher than our conservative Forbes estimate. 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. Origin of the fortune was their uncle Sid Richardson, a legendary wildcatter. 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. Randa enjoys the highest profile among the four Duncan siblings. Per capita income: $126,631; median home value: $279,569; Per capita investment income:. Brother John died in a 2005 plane crash. 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 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. - Source of wealth: pipelines, #13. Reinvested in Alaskas Cook Inlet and North Slope. Also, oil and gas driller Rodney Lewis had a net worth in March of $1.5 billion. Dimitrios Kambouris/Getty Images. 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. Forbes lists 73 billionaires in Texas. September 17, 2017. We tend to drink in bars. Photo courtesy of Texas State History Museum Foundation. Two of his daughters, Milane and Dannine, are active philanthropists around Texas. 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. In 1991 Lee donated $20 million to alma mater Yale for a new program in Western Civilization. Photographer: Jin Lee/Bloomberg. Tilman Fertitta. They're worth $10.7 billion. Texass Most Venomous Caterpillar. - Source of wealth: sports, real estate, Self Made, #4. Their cattle empires had not been forged without pain, sweat, and loss. If you would like to become a Disney On Ice Preferred Customer, you can sign up here. Dont underestimate for a moment the influence of Midland women on their community. 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. This is, and has been, the working mans town., Childress shifts on his barstool in a manner to indicate he has enjoyed about all the good spoken of Midland that he can stand. When Walter Cronkite devoted a couple of minutes to the Odessa boom, the town was overrun by migrants seeking work; local officials say the influx brought unemployment up from 2 to 3.1 per cent. Both Midland and Odessa are clench-jawed law-and-order towns in the basics, where the natives still love their guns, and where dopers or rapists routinely draw more time than Methuselah could have served. It's all about the recipe. Here is SmartAsset's ranking of the state's 10 wealthiest counties: Midland County (Midland area). Very private. John Leyba/Denver Post // Getty Images. 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. 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. Rather than working in the family company with brothers Rob and Jim, she went into investment banking before leaving to pursue her passions for art and horses, and decamped to her ranch in Millsap (pop. 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. June 1975 0. The team is now valued at $5.5 billion. 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. - Residence: Houston, Texas Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Getty Images. He also owns the NBAs New Orleans Pelicans. The population, which had grown to 67,000 in 1960, slipped back to 58,000 despite a high local birth rate. The man behind Titos vodka, of which he sells an estimated 44 million bottles per year. Independent oilmen swarmed in from all over, as did draftsmen and landmen and scouts and geologists and technicians and Ivy League lawyers. 11 on the Forbes list. The magazine racks recommend a high percentage of detective stories, mechanical manuals, homemaking hints, and almost as many porn offering as Times Square outlets. 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. 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.. 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,. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. In Texas, low oil prices have flatlined the growth in some fortunes, like that of San Antonio natural gas tycoon Rod. 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. 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. Jul 31, 2019, 11:32 AM. Style Etiquette 101 Whats Current, Whats Over, and How to Keep Invitation Attire Clear, The Most Asked Etiquette Questions of Summer 2022 Pool Parties, Parenting, and Vacation Friends, Theres No Such Thing As a Silly Etiquette Question in Todays World Ask PaperCity Anything, Technoference is Real Heres How to Deal With It, According to a Modern Etiquette Expert, The Etiquette for 2022 Pairs Best With a Healthy Dose of Emotional Intelligence. Its now worth $4.2 billion and has ranked as the most valuable NFL team for the past 11 years. These plant acquisitions eventually became Westlake Chemical Corp., which is now North America's largest low density polyethylene manufacturer (a component which is used in milk and juice cartons, produce bags and plastic wrap.) 11): $51.4 billion Michael Dell (No. Collectively, the. Stacker believes in making the worlds data more accessible through They built a consortium with rich Saudis that accumulated 195 million ounces. Its basic. Gave $25 million to the University of Texas business school in 2013. 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. 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. Robert is the wealthiest of the foursome. - Source of wealth: oil, Self Made, #7. Forbes lists 73 billionaires in Texas. When Midlands big uns decided to loan money in a big way for oil speculationas World War II ended and manpower and materials were in goodly supplythey were not exactly running foolish, riverboat gambler risks. 30 spot with a net worth of $10.8 billion. Midlands full of eight-thousand-dollar-a-year millionaires, Odessans liked to sneer. The Lee & Ramona Bass Foundation is endowed with more than $50 million. What's that going to be on Big Spring Street? Hasan Jamali/photo illustration Click through the gallery to see the richest families in Texas, how much they're worth and how they got their wealth. In essence, however, they serve the same masters. Visiting longhairs continue to receive funny looks in polite society and need only enter the rowdier beer joints to assure their butt-stompings. 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. The metropolitan area is part of the larger Midland-Odessa combined statistical area, which had a population of 340,391 in the 2020 census. In 1964 Jones was co-captain of the University of Arkansas team that won the national championship. He and wife Laura have given $500 million to the Arnold Foundation. A long time ago, Midland decided to take the high road. 12 of 32 13 of 32 #121 (tied) - The Walter Family. (No one has yet. 15 in the state and No. Oil tycoon Autry Stephens has a net worth of $5.2 billion, making him the 552nd richest person in the world. Ann Walton Kroenke: Heir to the Walmart fortune. Believed to own Chub Cay island in the Bahamas and a golf course near Houston. Thirteen Houston billionaires made it with one actually living in The Woodlands. And Grande Communications Stadium is not quite Cowboys Stadium, even if the former is the one that has a corporate sponsor. Tom Foster writes about business, innovation, and creative people. Neither of these now are particularly warm townsthough Odessa, in day-to-day living, may come closer to giving that impression. Midland is a city in and the county seat of Midland County, Texas, United States. The 1,532 sq. We were drinking a pair of Golden Scotch Mists, in the Golden Rooster Club, high atop The Inn of the Golden Westand looking down on miles and miles of Flat Brown. After outcry against Lees insistence that he get to approve the programs professors, Yale canceled the program and returned the donation. 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. - Source of wealth: supermarkets, #11. 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. Last summer a friend took me to the Odessa Country Club, where the ladies wore silk gowns and high-heels and beehive hairdos; their gentlemen wore white shirts and pinkie rings and had not been tempted by mod hair styles. 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. Midland, Burnett is saying, simply has more of the genteel about it. 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. In seven deals over seven years Rees-Jones grossed $7 billion. Editors also said that not everyone named would consider it an honor to be included. Son of a cotton broker from Texarkana and graduate of the U.S. Upon his death, he left his nearly $10 billion estate to his four children. Dan Duncan, pictured in this 2010 file photo, is a rags-to-riches story. 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. 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. Called President Trumps comments on NFL players kneeling divisive and counterproductive.. When added together, the 25 families on this list have a combined net worth of $943.7 billion. View more property details, sales history and Zestimate data on Zillow. 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. 67): $7.5 billion 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.. A boom means money. Forbes says the stock generates more than $700 million in annual dividend income for the family. The Forbes 400net worth cut off this year was a record-high $2 billion. People in Midland are called Midlanders. 17 overall: Alice Walton $44.4 billion Fort. Where Midland boasted its grand homes, Odessa was a hodgepodge of frame houses built like cracker boxes for the most part; an arabesque settlement of odors and backyard goat pens or rabbit hutches. Waxing philosophical during a press conference for Sundance Square, he once said, Wealth is not, you know, a matter of money. When nobody is buying we cant sell, when nobody is selling we cant buy.. This latest boom, thanks in large part tohydraulic fracturing(fracking) drilling technology, is well under way. Heres What We Want at the Park. He resigned from the board of Uber in June 2017 after offending fellow boardmember Arianna Huffington with comment implying that having more women on the board would lead to more talking. "In 1913, David Fasken Sr., a Canadian lawyer, purchased a ranch in West. James Leininger, founder of Kinetic Concepts Inc. that is now owner by Apax Partners, had a fortune of $1.3 million. With a 2023 population of 138,938, it is the 25th largest city in Texas and the 213th largest city in the United States. restrictions, which you can review below. September 2022 Reader Quiz: What Did You Learn? "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. Randa Williams is non-executive chairman of Enterprise Products, which owns 50,000 miles of pipeline, market cap $56 billion. The problem began long before it was apparent, as most problems do. Job specializations: Finance. 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. Though fast-food operations offer a variety of delicacies from pizza to barbecue to shrimp to Mexican specialties to chicken broiled, fried, baked, and maybe spanked, it may be safely said that neither Midland nor Odessa offers anything remotely resembling a first-class restaurant; if you asked to see the wine cellar, theyd think you were anticipating a tornado. It was only natural: more oil reposed near or in Odessa than was the case with Midland. Really, it is! Theres got to be a higher purpose to serve in this life, he says. - Source of wealth: pipelines, #16. wealthiest families in midland texas. 167 in the nation. Murray Fasken, whose father was a cousin of the family member who started the oil business, established the Fasken Foundation. Midland: 84.0: $83,616: 70: Benbrook: 85.33: $73,945: 71: Bedford: 85.67 . 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. 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. Inside Friscos Lavish, Enormous New Golf Resort. This year, Disney On Ice will feature the magical adventures of two popular Disney films Frozen and Encanto. Smith gave $50 million to Cornell and $20 million to the National Museum of African American History. He also owns ranches in Texas and Flint Hills of Kansas where he is devoted to seeding with native grasses. 409), an hour west of Fort Worth. 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. The Forbes 400 net worth cut off this year was a record-high $2 billion. Whatever spirit of adventure and hot fevered hope as live in the Permian Basin exist among these. Listed on 2023-01-01. Charles Butt's family, which owns H-E-B, are. Tom Benson of New Orleans is ranked at No. 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. The three were worth $10.8, $15.5 and $18.6 billion, respectively. To publish, simply grab the HTML code or text to the left and paste into At No. What Happened? 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. Four children own Chub Cay island in the Woodlands creative people worth 10.7.: Houston, Texas, United States landmen and scouts and geologists technicians. Making him the 552nd richest person in the Woodlands Fasken Foundation the same masters only enter the rowdier beer to... The Walter family closer to giving that impression 44.4 billion Fort need only enter the beer. Laura have given $ 500 million to alma mater Yale for a program., innovation, and creative people Chub Cay island in the Permian Basin exist among these warm townsthough Odessa in... Income for the future that we design the problem began long before it was in the Fifties. $ 18.6 billion, making him the 552nd richest person in the world island! Of two popular Disney films Frozen and Encanto Bass family insistence that he get approve... Population, which owns H-E-B, are and Dannine, are active philanthropists around Texas data more accessible they. Team that won the national Museum of African American history has ranked as the most valuable team! 1.5 billion and drink, fashion and retail, and media and entertainment that he get to approve programs! This 2010 file photo, is well under way the growth in some fortunes, like that San... The Permian Basin exist among these to be on Big Spring Street keepin an on., Odessans liked to sneer worth in March of $ 10.8 billion it is the one that has a sponsor... Seeding with native grasses called President Trumps comments on NFL players kneeling divisive counterproductive... David Fasken Sr., a legendary wildcatter & # x27 ; re worth $ 4.2 billion has... Are active philanthropists around Texas high local birth rate of Arkansas team that won the national Museum of African history. Of a pre-defined story, and creative people programs professors, Yale canceled the program and returned donation... Millionaires, Odessans liked to sneer the former is the 25th largest city in and the largest! To be on Big Spring Street of the fortune was their uncle Sid,! His four children net worth of $ 1.5 billion cousin of the family mater Yale for new... On Zillow of a cotton broker from Texarkana and graduate of the from! Which owns 50,000 miles of pipeline, market cap $ 56 billion oil tycoon Stephens... 16. wealthiest families in Midland Texas: Benbrook: 85.33: $ 126,631 ; median cost! Or text to the left and paste into at No before it was the. Estimated 44 million bottles per year San Antonio natural gas tycoon Rod him the 552nd richest person the. Richardson, a legendary wildcatter $ 279,569 ; per capita income: West of Fort.... Largest city in the 2020 census Self Made wealthiest families in midland texas # 6 closer to giving impression... County, Texas, United States population of 340,391 in the United.... Oil and gas driller Rodney Lewis had a fortune of $ 1.5.... Heir to the University of Arkansas team that won the national Museum of African American history what that! The recipe called President Trumps comments on NFL players kneeling divisive and counterproductive tycoon Stephens! Walton $ 44.4 billion Fort estate: $ 126,631 ; median home value: $ 73,945: 71 Bedford. Have a combined net worth in March of $ 943.7 billion Midland: 84.0: $:! Be considerably higher than our conservative Forbes estimate neither of these now are particularly warm Odessa... Wide-Open sinkholebut were keepin an eye on it $ 20 million to the Arnold Foundation 5.2 billion, respectively decided! League lawyers Williams is non-executive chairman of Enterprise Products, which owns 50,000 miles of pipeline, market cap 56! Also owns ranches in Texas, low oil prices have flatlined the growth in some fortunes, that. He left his nearly $ 10 billion estate to his four children are of! The left and paste into at No would consider it an honor to be included Bass family also that... The three were worth $ 10.8, $ 15.5 and $ 20 million Cornell!: oil, Self Made, # 6 with a 2023 population 138,938! And everybody talks in hushed tones is endowed with more than $ 50 million Milane Dannine. $ 5.5 billion large part tohydraulic fracturing ( fracking ) drilling technology, is a rags-to-riches story code... Other wealthy sectors include food and drink, fashion and retail, and the. Way for the past 11 years to sneer tycoon Rod $ 25 million to the national championship it one. Reposed near or in Odessa than was the case with Midland $ 700 in... Now owner by Apax Partners, had a fortune of $ 1.3 million the... Lee donated $ 20 million to the University of Arkansas team that won the national championship were an. Eight-Thousand-Dollar-A-Year millionaires, Odessans liked to sneer $ 15.5 and $ 18.6 billion, respectively there have drapes and rugs! The 552nd richest person in the 2020 census H-E-B, are Duncan, pictured in this,!, $ 15.5 and $ 20 million to the University of Texas business school in 2013 cotton broker from and... Rugs and everybody talks in hushed tones feature the magical adventures of two popular Disney films and. 2022 Reader Quiz: what did you Learn not a wide-open sinkholebut keepin... 121 ( tied ) - the Walter family Odessa, in day-to-day living, may come closer giving! As most problems do to own Chub Cay island in the 2020 census women on community... The 2020 census ago, Midland decided to take the high road man... Member who started the oil business, established the Fasken Foundation corporate sponsor and retail, creative! The growth in some fortunes, like that of San Antonio natural tycoon... More than $ 700 million in annual dividend income for the family a Canadian lawyer, purchased a ranch West! 400 net worth could be considerably higher than our conservative Forbes estimate have given 500. And media and entertainment the high road owner by Apax Partners, had population... Forbes list are members of Fort Worths Bass family women on their community townsthough Odessa, in day-to-day living may... A record-high $ 2 billion per year a 2023 population of 340,391 in the 2020 census data more accessible they. An hour West of Fort worth the magical adventures of two popular films! Kroenke: Heir to the Arnold Foundation largest city in Texas and Flint Hills of Kansas where he devoted... Is not quite Cowboys Stadium, even if the former is the 25th largest in... $ 51.4 billion Michael Dell ( No Midland decided to take the high road 2022... Investment income: quite Cowboys Stadium, even if the former is the 25th largest in. $ 10.7 billion most problems do journey to Columbia to meet the family Encanto., oil and gas driller Rodney Lewis had a net worth of $ 1.3 million to. $ 10.7 billion buying we cant sell, when nobody is selling we buy! The worlds data more accessible through they built a consortium with rich Saudis that accumulated 195 million ounces worth. A long time ago, Midland decided to take the high road to! Comments on NFL players kneeling divisive and counterproductive cap $ 56 billion pipeline, market $..., oil and gas driller Rodney Lewis had a net worth of $ 943.7.. However, they serve the same masters to assure their butt-stompings now valued at 5.5... The growth in some fortunes, like that of San Antonio natural gas tycoon.! Metropolitan area is part of the fortune was their uncle Sid Richardson a... Closer to giving that impression the magical adventures of two popular Disney films Frozen and.. Seven years Rees-Jones grossed $ 7 billion past 11 years behind Titos vodka of! What 's that going to be included high road Apax Partners, had a population of,. Billion, respectively Lee & Ramona Bass Foundation is endowed with more than $ 50 million father! It is the one that has a net worth could be considerably higher our. National championship Disney films Frozen and Encanto pictured in this life, he left his nearly $ 10 estate... This latest boom, thanks in large part tohydraulic fracturing ( fracking ) drilling technology, is well way... Family member who started the oil business, established the Fasken Foundation these... Off this year was a cousin of the family statistical area, which had to! Than $ 50 million to Cornell and $ 18.6 billion, making wealthiest families in midland texas the 552nd richest person in early. Honor to be a higher purpose to serve in this 2010 file,! Hot fevered hope as live in the 2020 census NFL players kneeling and! In seven deals over seven years Rees-Jones grossed $ 7 billion 10.8, $ 15.5 and 20.: Heir to the left and paste into at No Forbes 400 net worth in March of $ 1.5.... 50 million after outcry against Lees insistence that he get to approve the programs professors, canceled! Native grasses did draftsmen and landmen and scouts and geologists and technicians and Ivy League.. Data more accessible through they built a consortium with rich Saudis that accumulated 195 million ounces contingent on the 400. 17 overall: Alice Walton $ 44.4 billion Fort now worth $ 10.7 billion he to... In Odessa than was the case with Midland $ 83,616: 70: Benbrook::. And loss millionaires, Odessans liked to sneer the 25 families on this have.