Austin, TX
Scottsdale replaces Austin as top wealth hub
AUSTIN, Texas — According to a new report, Austin is no longer the main attractor of the ultra wealthy, who have been setting their sights on a popular Arizona city.
Henley & Partners named Scottsdale, Ariz., the fastest-growing wealth hub in the U.S., with a 125% growth of millionaire residents from 2014 to 2024.
The wealth boom is thanks in part to the city’s rapidly expanding tech sector. West Palm Beach, the Bay Area, Miami and Washington, D.C. follow behind Scottsdale in this year’s ranking, showing Scottsdale’s noticeable climb above even the most distinguished tech hubs in the nation.
“While the Bay Area remains the epicenter of this innovation ecosystem and the top global destination for wealthy tech entrepreneurs, we’re also seeing a broader migration trend,” Andrew Amoils, head of research at New World Wealth said.
Scottsdale is currently home to 14,800 millionaires, 64 centi-millionaires (those worth $100 million) and five billionaires, the study shows.
Austin previously placed as the No. 1 city for the nation’s wealthiest people in the firm’s 2024 ranking, with Scottsdale just behind it at No. 2. In this year’s report, the Live Music Capital of the World didn’t even clear the top five.
Experts say the dropoff can be attributed to rising costs and the current slowdown of a pandemic-era tech boom that saw top companies like Tesla and Oracle moving their operations to the attractive Hill Country. Oracle has since relocated to Nashville, Tenn., and it seems that layoffs and return to office policies have driven some transplants away, the Wall Street Journal reports.
Austin, TX
Austin cannabis shop: THC ban would “hurt everybody”
AUSTIN, Texas — After Senator Charles Perry vowed to introduce another bill to ban THC in Texas next legislative session, an Austin cannabis shop owner is urging lawmakers to find a middle ground.
Estella Castro owns Austinite Cannabis Co., a family-owned shop that makes and sells cannabis and hemp products.
Austinite Cannabis Co. (Photo: CBS Austin/Audrey Wong)
Her business has faced a potential THC ban before. During the 2025 legislative session, Senate Bill 3 attempted to enact a broad ban on all cannabinoids except CBD and CBG.
Castro says she was most worried for her customers. “It was a big initial hit of like, what are we gonna do? How are we gonna pivot? How are we gonna keep the doors open for everybody to keep their jobs?” she said.
RELATED | Texas state senator plans to introduce new THC ban bill in upcoming session
That bill passed, but was later vetoed by Governor Greg Abbott. Similar legislation failed to pass during the subsequent special session.
However, the possibility of a total ban bill being introduced and passed next session could spell trouble for Austinite Cannabis.
During a hearing Tuesday, July 7, Senator Charles Perry vowed to present such a bill next session as public officials, medical experts, and others discussed THC’s medical uses, effects on minors, and regulation.
Castro says over half of the store’s revenue comes from products that contain THC.
“I would say it’s about a 60/40 split: 60% THC and 40 CBD… So feel like it is a huge number that affects my store in so many ways,” she said.
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She feels that a total ban on THC would negatively affect multiple parties.
“Banning it is just hurting the consumer,” she said. “Making the consumer go and find a street dealer… killing any dispensaries… it’s gonna hurt your small business owner.”
If another THC ban bill is written, it will be introduced during the next legislative session, which begins in January 2027.
In the meantime, Castro’s two stores will continue to operate as normal. She hopes lawmakers will think twice about instituting a complete ban on THC.
“I feel like we’re better than that, you know, we’re Texas,” she said. “We need to find some middle ground where it’s not a complete ban, and we can still be able to come together.”
Austin, TX
Texas’ Goosby hosts camp to benefit heart research
AUSTIN (KXAN) – Trevor Goosby is a projected first-round pick in the upcoming 2027 NFL Draft. The Texas offensive lineman anchors the group up front for one of the best teams in the country and was named a preseason All-American by Walter Camp.
But his football career felt in jeopardy when he was in high school.
“That was kind of my biggest question,” said Goosby. “I was really nervous because would I be the same football player coming back?”
Goosby was born with a congenital heart defect and had open-heart surgery when he was just 16 years old. He wasn’t sure how this would change his everyday life, including his football career.
“Definitely a lot of nerves just because you’re getting your ribs cracked open essentially and getting your heart worked on…It was a scary moment. I remember driving up to the hospital super nervous.”
Goosby was able to recover and become a great football player. He said not only has he become a person in learning to fight through adversity, but it helped him as a player as well with improved endurance.
Now, the star Longhorn is giving back as much as possible.
Goosby hosted a camp in Austin to benefit the Children’s Heart Foundation. The organization works to fund research on congenital heart defects.

The offensive tackle is matching all donations up to $20,000 made to the Children’s Heart Foundation through the event and campaign.
“It means a lot to me just because of the heart condition I did have back when I was 16. That just kind of changed my life. I just want to bring awareness to that.”
The camp was at Hyde Park High School in Northwest Austin. Goosby spoke about what he hopes the young campers took away from the event.
“I think it’s just more than football. Football is a big part of what I do but it’s not who I am…I just want to show all these kids that I’m just another great guy and just someone they can look up to.”
Austin, TX
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