Andrew Beal Net Worth

Andrew Beal has an estimated net worth of $12 billion, according to Forbes Real-Time Billionaires, Andrew Beal profile (figures as of October 20, 2026). That is up from $9.1 billion in 2019.

Andrew Beal is an American banker, investor, and businessman based in Dallas. He founded Beal Financial Corporation, which owns Beal Bank, and Forbes says the company has assets of more than $22 billion. He is best known for building wealth in banking and real estate. Over time, he also became known for buying troubled assets that other investors avoided, then holding them until market conditions improved.

His business career started early in real estate. At 19, he bought a house for $6,500 and leased it, then kept buying, fixing, and selling properties. In 1988, he opened a bank in Dallas, and in 2004 he opened another in Las Vegas. His banks later bought distressed mortgages, aircraft-backed bonds, and power plant debt. He also launched Beal Aerospace in 1997, though it closed in 2000.

How Andrew Beal built his fortune

Beal made money through 2 main areas: real estate and banking. His early real estate deals included a federal property auction purchase in Waco in 1976, followed by a sale more than 3 years later for more than $1 million. In 1981, he and a partner bought the Brick Towers in Newark for $25,000 and sold the repaired buildings 2 years later for $3.2 million. Those deals helped fund his next moves.

Banking became the bigger engine. Beal founded a Dallas bank in 1988 and later opened another in Las Vegas in 2004. His approach was to buy distressed financial assets and wait for values to recover. Forbes notes that he scooped up beaten-down assets during the Great Recession, including mortgages, bonds backed by commercial planes, and IOUs tied to power plants. That strategy turned difficult market periods into opportunities for his business.

Forbes net worth over time

Forbes estimated Beal's fortune at $9.1 billion in 2019. It then put him at $7.9 billion in 2020 and 2021 before raising the estimate to $9.9 billion in 2022 and $10.3 billion in 2023. Those changes fit the way his business is described: a self-made investor whose wealth is tied to banks, real estate, and the value of distressed assets bought at the right time.

The Forbes estimate kept moving higher after that, reaching $11.5 billion in 2024, $12 billion in 2025, and $12.6 billion in 2026. As of October 20, 2026, Forbes' real-time billionaires tracker listed him at $12 billion. Outside business, he is also known for the Beal Conjecture, introduced in 1993, with a $1 million prize that remained unsolved as of September 2026.