Despite a steep increase in net worth, Fertitta fell three spots on Forbes’ ranking.

Fertitta, the Houston billionaire, was nominated by President Donald Trump to serve as U.S. Ambassador to Italy and San Marino.

Fertitta, the owner of the NBA's Houston Rockets as well as a gaming and hospitality empire, is President Donald Trump's nominee for U.S. ambassador to Italy and San Marino.

Houston restaurant and hospitality mogul Tilman Fertitta will sit before the U.S. Senate Committee on Foreign Relations on ...

Houston Rockets-owner Tilman Fertitta clinched the spot for richest billionaire in Houston with a net worth of $11.3 billion, ...