A total of 10 billionaires on this years list hail from Austin, with Elon Musk at the top. Musk, the South African founder of Tesla and SpaceX, announced in December that he was moving to Texas. Hes now the richest man in the city with a net worth of $151 billion, according to Forbes.

Who is the richest man in Texas?

Eclectic entrepreneur Elon Musk has officially knocked Walmart heiress Alice Walton of Fort Worth off her longtime perch as the richest person in Texas. On April 6, Forbes released its 2021 list of the worlds billionaires. Musk, CEO of Tesla and SpaceX, landed at No. 2 globally with a net worth of $151 billion.

Why is Austin so rich?

Various reports estimate Austin McBrooms net worth at around $5 million thanks, in part, to his days as a college basketball player, which made him a social media star at a young age. McBroom is a former NCAA guard who played for Saint Louis University, where he led the team in 3-pointers.