Elon Musk is now the richest Texan but is he also the richest Austin resident? – Austin American-Statesman

American-Statesman staff| Austin American-Statesman

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Elon Musk, the billionaire leader of Tesla and SpaceX,is now the wealthiest Texas resident, according to Forbes magazine's annual rankingof the 400 richest Americans.

But whether or not Musk also happens to be the richest person living in Austin remains open for debate.

With an estimated net worth of $190.5 billion, Muskis the second-richest Americn behind Amazon founder Jeff Bezos, who is worth an estimated $201 billion, according to the new Forbes 400 rankings.

Musk last year said he had relocated from California to Texas. Thatmeans he surpasses Walmart heiress Alice Walton, who was previously the state's wealthiest person. Walton is a distant second to Musk in Texas, with an estimated net worth of $67.9 billion. Dell Technologies founder and Austin resident Michael Dell is No. 3 on the Texas list, with an estimated net worth of $50.1 billion, according to Forbes.

What is less clear is where exactly in Texas can be considered Musk's primary city of residence. Forbes lists Austin as Musk's city of residence, but the magazine did not say how it verified whether Musk is, in fact, an Austinite. Musk himself has never publicly confirmed that he lives in Austin.In fact, he said in a June social media post that his main residence is a $50,000 "tiny home" in South Texas near Boca Chica, on the site of a SpaceX campus there.

Tesla is currently building a $1.1 billion assembly facility in Travis County, and the company says it plans to livestream its annual shareholders meeting from that faciity this week.

More: Elon Musk confirms it: He has moved to Texas

More: Austin billionaire Sheth leaving Vista Equity in wake of Smith tax scandal

More: Analysts wonder: Is Dell Technologies setting stage for leadership changes?

If Musk really does live in Austin, he gives the city a total of seven billionaires among the Forbes 400. In addition to Musk and Dell, theother Austinites on the list are:

Those seven are not the only billionaires living in Austin, however.The Forbes400 is the 400 wealthiest people in the United States, but there are more than 2,600 billionaires in the country, according to the magazine.

According to Forbes, other Austin residentswho have a net worth of more than $1 billion are:

No longer making Forbes' list of billionaires is Austin resident Brian Sheth, co-founder and former president of Vista Equity Partners. Sheth, who left Vista Equity Partners last year, has an estimated net worth of $900 million, according to Forbes, down from a Forbes estimate of $2.3 billion in 2020.

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Elon Musk is now the richest Texan but is he also the richest Austin resident? - Austin American-Statesman