(KCEN) - According to Forbes Magazine, 75-year-old Charles Butt, chairman of the HEB grocery chain that is dominant in Central Texas, is the 47th wealthiest man in America.
Butt and his family reportedly have a net worth of $8.5 billion. That is $1.6 billion more that last year, when they appeared on Forbes Magazine at No. 50.
This list also includes Elon Musk, founder of the SpaceX rocket-making company with a testing facility in McGregor, was No. 61. He was listed as reportedly having a net worth of $6.7 billion.
Microsoft founder, Bill Gates, claimed the top spot with an estimated net worth of $72 billion.