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Austin, TX

Austin is becoming a hub for high-wealth individuals. Here’s where it ranks in US, world

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Austin is becoming a hub for high-wealth individuals. Here’s where it ranks in US, world


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Austin has topped the list of the fastest-growing metro areas in the country for years. In a parallel trend, it’s now in the top echelon nationally for the growth of its millionaire population. 

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According to the latest data from New World Wealth and Henley & Partners, Austin ranks 10th among U.S. cities for most millionaire residents, with 32,700. Whether it be homegrown wealth like Michael Dell’s or Texas transplants like Elon Musk, Austin is becoming a popular address for high-net-worth individuals.

The list is based on net worth and includes data up to 2023. 

Millionaire population in Austin skyrockets

Austin rebranded itself as a southern tech hub over the last decade and with that new reputation came unprecedented wealth flowing into the city. 

From 2013 to 2023, Austin’s millionaire population grew 110%, which is 30 percentage points more than in the original Silicon Valley in California during the same 10-year-span.

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Speaking of the Bay Area, it is the second fastest-growing on the list and has the second-largest number of millionaires in the country at 305,700 — only topped by New York’s 349,500. 

Austin is home to 92 individuals with wealth totaling more than $100 million, or centi-millionaires, and 10 individuals worth more than $1 billion. 

Houston and Dallas are the only other Texas cities included on the list, slotting in at fifth and sixth, respectively. Houston is currently home to 90,900 millionaires, 258 centi-millionaires and 18 billionaires. Dallas has 68,600 millionaires, 125 centi-millionaires and 15 billionaires. 

Austin climbing the ranks on the world stage

At 34th, Austin still ranks outside of the top 30 cities in the world for millionaire population, but a decade ago it would not have even merited a mention.

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Elsewhere in Texas, Houston boasts the 15th-largest millionaire population in the world and Dallas claims the last spot on the top 20, just ahead of Dubai.

Where do the most millionaires in the world and U.S. live?

Here is the complete top-10 list for millionaire population in both the U.S. and the world.

U.S. rankings: 

  • New York City, 340,000
  • San Francisco Bay Area, 285,000
  • Los Angeles, 212,100
  • Chicago, 120,500
  • Houston, 90,900
  • Dallas, 68,600
  • Seattle, 54,200
  • Boston, 42,900
  • Miami, 35,300
  • Austin, 32,700

World rankings:

  •  New York City, 349,500
  • Tokyo, 290,300
  • San Francisco Bay Area, 285,000
  • London, 258,000
  • Singapore, 240,100
  • Los Angeles, 212,100
  • Hong Kong, 129,000
  • Beijing, 128,200
  • Shanghai, 127,200
  • Sydney, 126,900

Beck Andrew Salgado covers trending topics in the Austin business ecosystem for the American-Statesman. To share additional tips or insights with Salgado, email Bsalgado@gannett.com.



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Austin, TX

Austin church to use 3D printing for new campus

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Austin church to use 3D printing for new campus


AUSTIN, Texas — The housing market has cooled, with J.P. Morgan predicting house prices in the U.S. will stall. Despite the stagnate home price analysis, one Texas-based tech company is developing an unconventional way to build. An Austin church is tapping into ICON’s 3D printing technology to rebuild its church campus.

St. Mark’s Episcopal Church has been on its 8-acre property since the late 1950s.

“We’ve long been in this kind of predicament here as a congregation that we have these really deep-level structural problems with our buildings, and we’ve really never been able to imagine being able to pay for it,” said Father Zac Koons, the leader of the church.

He said costly quotas to repair aging infrastructure is one big reason they partnered with ICON to develop a whole new church campus.

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“It’s not only a less expensive or a more affordable way to build, it’s also a more environmentally friendly way to build,” Koons said.

ICON’s “Titan” construction system will be used for this project, bringing the world’s first 3D-printed church to Austin.

“I think this will be a famous building,” said Jason Ballard, the CEO and co-founder of ICON. “I think it will stand for hundreds of years, and I think they’re just so pleased with what they’re able to get on their budget out of this building.”

The company says its concrete mixture can save future homeowners and businesses roughly 40% compared to conventional wood and metal frameworks. 

“For the past two years, we have been working on a second generation of printer technology that is multi-story, easier to set up, easier to operate, even lower cost, even faster,” Ballard said.

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Had it not been for the partnership with ICON, Koons said his church would not have been able to afford such a large-scale project. 

“We wouldn’t have been able to do something as ambitious as we’re talking about doing without ICON, for sure,” Koons said.

He said they’ll break ground in about a year, with hopes to finish the first building by the summer of 2028.



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Austin, TX

Goodwill Central Texas launches “Swap Your Shop” Challenge

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Goodwill Central Texas launches “Swap Your Shop” Challenge


If you’re looking for an easy way to make a difference this Earth Day, Goodwill Central Texas has a simple challenge for you.

It’s called “Swap Your Shop,” and the idea is straightforward. Instead of buying something new, try picking up one secondhand item. That one small switch can help cut down on waste and reduce your environmental impact.

According to a 2023 report, if every U.S. shopper made that choice just once this year, it could reduce carbon emissions by more than 2 billion pounds. That’s like taking 76 million cars off the road for a day. It could also save more than 20 billion gallons of water and keep hundreds of millions of pounds of waste out of landfills.

And it doesn’t have to be a big commitment. Even buying one thrifted clothing item instead of a new one could prevent about 450 million pounds of waste each year.

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So whether you already love thrifting or have never tried it, this is a good time to start. Swap out one purchase, give something pre-owned a second life, and see the difference it can make.

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If you do take part, you can even share your find on social media and tag @austingoodwill.





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Austin, TX

AUS plans for 18,000 departing passengers day after Trump order pays TSA employees

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AUS plans for 18,000 departing passengers day after Trump order pays TSA employees


The Austin airport expects over 18,000 departing passengers on Saturday, this coming the morning after Trump signed an executive order to pay TSA employees after Congress failed to agree on DHS funding.

The airport recommends travelers arrive 2.5 hours early for domestic flights and three hours early for international departures.

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AUS noted that many MotoGP fans will be departing from the airport this weekend, the motorcycle racing event at Circuit of the Americas happening this weekend and ending on Sunday.

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The DHS shutdown has burdened airports nationwide with hours-long TSA lines. Austin’s lines were especially long during SXSW, stretching out the terminal and down the road.



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