Connect with us

Austin, TX

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

Published

on

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


play

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. 

Advertisement

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.

Advertisement

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.

Advertisement

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.



Source link

Advertisement

Austin, TX

Goodwill Central Texas launches “Swap Your Shop” Challenge

Published

on

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.

Advertisement

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.

Comment with Bubbles

BE THE FIRST TO COMMENT

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





Source link

Advertisement
Continue Reading

Austin, TX

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

Published

on

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.

ALSO | Hays County judge says Rep. Erin Zwiener turned away from meeting over water dispute

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.

Advertisement

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.



Source link

Continue Reading

Austin, TX

Austin Police Investigating Two Friday Morning Traffic Fatalities

Published

on

Austin Police Investigating Two Friday Morning Traffic Fatalities


The Austin Police Department is investigating two fatal Friday morning crashes that represent the city’s 17th and 18th traffic fatalities of the year.

APD put out details about the two deaths in separate press releases on Friday. The first bulletin reveals that at 3:03 a.m. on March 27, officers responded to a single motor vehicle collision in the 2600 block of W. Slaughter Ln.

According to the release, the collision involved a motorcycle leaving the roadway. The motorcycle rider, 27-year-old Evan Sedall, was pronounced dead on the scene.

The incident is being investigated as the city’s 17th fatal crash of the year. On this date in 2025, the city had seen 20 fatal crashes resulting in 24 deaths.

Advertisement

According to the second press release, at 3:58 p.m., officers responded to a collision involving a motor vehicle and a pedestrian in the southbound lanes of the 13300 block of N. U.S. Highway 183.

An unidentified pedestrian was pronounced dead on the scene. The driver of the vehicle remained at the scene and cooperated with the investigation.

This incident is being investigated as Austin’s 18th fatal crash of the year, resulting in 18 fatalities

The statements in these press releases are from the initial assessments of the fatal crashes, and the investigations are still pending. Fatality information could change.

Anyone with information about either case should contact APD’s Vehicular Homicide Unit at 512-974-8111. Residents can also submit anonymous tips through the Capital Area Crime Stoppers Program by visiting its website or calling 512-472-8477.

Advertisement





Source link

Continue Reading

Trending