Austin, TX
Austin is becoming a hub for high-wealth individuals. Here’s where it ranks in US, world
Jeff Bezos surpasses Elon Musk as world’s richest person
Amazon founder Jeff Bezos has reclaimed the title of the world’s richest man. Bloomberg’s Billionaires Index, which is updated daily, shows the businessman with a net worth of $200 billion.
Scripps News
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.
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.
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.
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.
Austin, TX
Juneteenth celebrations in Austin include parade and fun run
AUSTIN, Texas – Central Texans gather to celebrate Juneteenth or “Freedom Day” on June 19 and commemorate the end of slavery.
What you can do:
The Greater East Austin Youth Association (GEAYA) is hosting the Central Texas Juneteenth Parade and Festival today (6/19).
It’s free and taking place at Rosewood Park in East Austin located at 2300 Rosewood Ave.
The schedule for the events is as follows:
- ACME Juneteenth FunRun – 8:30 AM – 9:30 AM
- Juneteenth Historical Parade – 10 AM – 12 PM
- Park Celebration and Fireworks – 12 PM – 9:45 PM
Other events
On June 20, the Carver Kickback: Juneteenth Edition will be taking place 11 a.m. to 4 p.m. at the George Washington Carver Museum, Cultural, and Genealogy Center located at 1165 Angelina Street.
It will be a day of celebration and remembrance and there will be BBQ plates and music as well as vendors and hands-on activations.
The backstory:
Juneteenth commemorates the end of formal slavery in Texas on June 19, 1865, two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on January 1, 1863, and more than one month following the end of the American Civil War.
Colloquially known as “The Black 4th of July,” Juneteenth marks the beginning of an African American journey to carve a new place in society for free people to shape identities independent of racial caricature, eradicate slave culture, promote ethnic pride, and create economic prosperity.
The Source: Information from City of Austin and Greater East Austin Youth Association and reporting by Jessica Rivera.
Austin, TX
7 Juneteenth celebrations happening in Austin this weekend
Juneteenth celebrations are happening across the city this weekend. The events will mark the 161st anniversary of the day Union troops arrived in Galveston Bay to announce that more than 250,000 enslaved people in Texas were free. The announcement on June 19, 1865, came more than two years after the signing of the Emancipation Proclamation. June 19 — known as Juneteenth — became a federal holiday in 2021.
From historical bike rides to Austin’s annual parade, here are seven events taking place in Austin.
Annual Juneteenth FunRun, June 19
The city of Austin’s African American Cultural and Heritage Facility will host a fun run starting at 8:30 a.m. on Friday at East Martin Luther King Jr. Street and Leona Street, and concluding at Hargrave Street near the Millennium Youth Entertainment Complex. Participants will have one hour to complete the course. The route is the same as the parade through the African American Historical Cultural District that will start later that morning. Runners and walkers of all ages and levels can participate.
Central Texas Juneteenth Parade & Festival, June 19
The annual Juneteenth parade will take place Friday and begin at 10 a.m. at East Martin Luther King Jr. Boulevard and Leona Street and will travel down to Chicon Street before turning on Rosewood Avenue. The parade will feature floats, live music and performers.
A Very Juneteenth Comedy Jam, June 19
The Velveeta Room, Austin’s longest-running comedy club, will have shows highlighting Black voices Friday night at 8 p.m. and 10 p.m. The 18+ event will feature comedians like Freddy Do Less and Roderick McDaniel. Tickets for both shows are around $23.
Sistas Walk And Talk: Juneteenth Edition, June 20
Texas Sistas Society will host a 3-mile walk and talk Saturday at 515 S. Pleasant Valley Road starting at 7:45 a.m. Texas Sistas Society is an Austin-based community created for Black women and women of color. Attendees are encouraged to wear Juneteenth colors: red, yellow, green or black, and to RSVP ahead of time.
The Carver Kickback: Juneteenth Edition, June 20
The George Washington Carver Museum in Austin is dedicated to creating a “space where the global contributions of all Black people are celebrated.” The museum is hosting a free celebration from 11 a.m. to 4 p.m. Saturday with barbecue plates, live music, vendors and activities for all ages.
Black Auteur Film Festival, June 20
The Black Auteur Film Festival, a nonprofit dedicated to uplifting Black filmmakers in Texas, is hosting its third annual film festival to showcase short films directed by Black Texans at AFS Cinema on Saturday. One filmmaker will win the $1,000 “Best of Fest” award, and attendees can enter a raffle for a chance to win Austin Film Society memberships and movie tickets. The festival runs from 2 to 5 p.m. Tickets are $14.
Juneteenth Social Ride, June 21
Black History Bike Ride, an Austin nonprofit teaching people about the city’s Black history through cycling, is hosting its seventh annual Juneteenth ride starting at the Haskell House on Saturday at 10 a.m. Austin-based historian Harrison Eppright will serve as the ride’s guide. Registration is required for all attendees. The event is free, but donations are encouraged.
Austin, TX
Everything you need to know about Austin run clubs
AUSTIN (KXAN) — Data analyst Corey Yeung created the ATX Running Guide to help runners find community across Central Texas. What started as a personal project has become one of Austin’s most comprehensive running resources.
Looking for a Run Club? There’s a Map for That
When Corey Yeung moved to Austin three years ago, he had a simple question:
“How many run clubs are actually out there?” The answer wasn’t easy to find. While several websites listed local groups, Yeung felt none offered a complete picture. So, he decided to build one himself. What started as a spreadsheet evolved into ATX Running Guide, a website and social media platform that helps runners discover clubs throughout the Austin area.
“The list would be more useful if it were a map and search tool,” Yeung said. “The Instagram page was simply a way to communicate those free resources to the community.”
Today, the guide covers running groups from San Marcos to Hutto and serves as a one-stop resource for runners looking to connect. In this episode of KXAN’S Plus Simple Health, Corey Yeung walks us through everything you need to know about the 200-plus running clubs in Austin.
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