Dallas, TX
Dallas ranks among wealthiest cities in the world as millionaire count grows
Dallas is the 22nd most wealthy city in the world as its number of millionaire residents has grown by 75% in the past decade.
The city is home to 68,600 millionaires amid a period of booming economic growth, according to a report from London-based private investment migration consultancy firm Henley & Partners. It’s the sixth wealthiest city in the United States sitting behind fierce competition like New York City, Los Angeles and Chicago.
It’s not the only Texas city to make the list. Houston ranks above Dallas as the fifth wealthiest U.S. city with 90,900 millionaires and Austin is tenth in the U.S. with a millionaire count of 32,700.
It’s not just millionaires contributing to the wealth. Centimillionaires, individuals with a net worth over $100 million, are prominent in Dallas as well with 125 of them residing in the city. There’s also 15 billionaires living in the city like oilman Ray Hunt, philanthropist Margot Perot, Dallas Cowboys owner Jerry Jones and Dallas Mavericks minority owner Mark Cuban.
Dallas also plays host to 11 Fortune 500 companies like telecommunications titan AT&T, Southwest Airlines and pipeline transportation giant Energy Transfer.
Those companies are part of Dallas’ special sauce which attracts individuals with deep pockets, said Ray Perryman, CEO of the Waco-based research firm, The Perryman Group.
“Dallas has long been the economic center of the Sun Belt in terms of trade, transportation, finance and other sectors,” he said. “It has also become a major center for technology in recent decades. It also has a substantial concentration of Fortune 500 headquarters and, although not a production area, has traditionally attracted a large segment on the ownership of Texas’ vast oil and gas reserves.”
Beyond the region’s traditional companies, the city has caught the eyes of private equity firms from neighboring states and beyond.
But the job isn’t finished yet. The city recently passed its bond package, including Proposition G. It’s a $72.3 million package that is aimed at boosting economic development through incentives and grants. It was a key portion of the city’s bond package and gives lawmakers an additional tool to entice companies to look to Dallas as a potential new home for its headquarters.
The package also guarantees that $36.6 million of that will go to mixed-income housing, a crucial piece in getting companies to make Dallas a national competitor as the fight for company relocations continues, said Paul Ridley, District 14 city council representative.
“That will have a long-term effect of increasing the supply of affordable housing in Dallas,” he said. “That by itself can attract companies here. They want to perceive that the housing market is less expensive from where they’re relocating from and that there are places for their employees at all income levels to find housing.”
Strong companies along with the city’s dynamic culture means its long-term wealth trajectory is still headed in the right direction, Perryman said.
“It is only natural that the leaders in these sectors would tend to live in the area, often spanning generations of family members,” he said. “In addition, the area offers outstanding cultural, entertainment, sports and other opportunities that make it an attractive place to live. All of these factors combine to make Dallas a natural landing place for successful individuals and families.”
Dallas, TX
Utah hosts Los Angeles after overtime win against Dallas
Los Angeles Lakers (18-7, third in the Western Conference) vs. Utah Jazz (10-15, 10th in the Western Conference)
Salt Lake City; Thursday, 9 p.m. EST
BETMGM SPORTSBOOK LINE: Lakers -6.5; over/under is 241.5
BOTTOM LINE: Utah hosts the Los Angeles Lakers after the Jazz took down the Dallas Mavericks 140-133 in overtime.
The Jazz are 6-11 in conference matchups. Utah allows the most points in the Western Conference, giving up 126.1 points and is allowing opponents to shoot 48.8%.
The Lakers have gone 13-5 against Western Conference opponents. Los Angeles has a 5-0 record in one-possession games.
The Jazz are shooting 45.8% from the field this season, 2.3 percentage points lower than the 48.1% the Lakers allow to opponents. The Lakers are shooting 50.4% from the field, 1.6% higher than the 48.8% the Jazz’s opponents have shot this season.
The teams meet for the third time this season. The Lakers won 108-106 in the last matchup on Nov. 24. Luka Doncic led the Lakers with 33 points, and Keyonte George led the Jazz with 27 points.
TOP PERFORMERS: Lauri Markkanen is scoring 27.8 points per game with 7.0 rebounds and 2.1 assists for the Jazz. George is averaging 37.0 points and 5.0 rebounds while shooting 55.0% over the past 10 games.
Doncic is averaging 34.7 points, 8.7 rebounds, 8.8 assists and 1.5 steals for the Lakers. LeBron James is averaging 26 points, four assists, two steals and two blocks over the last 10 games.
LAST 10 GAMES: Jazz: 5-5, averaging 119.1 points, 44.2 rebounds, 30.1 assists, 7.2 steals and 3.4 blocks per game while shooting 46.8% from the field. Their opponents have averaged 126.1 points per game.
Lakers: 7-3, averaging 118.8 points, 42.4 rebounds, 23.6 assists, 6.0 steals and 5.4 blocks per game while shooting 49.3% from the field. Their opponents have averaged 118.9 points.
INJURIES: Jazz: Georges Niang: out (foot), Jusuf Nurkic: day to day (rest), Walker Kessler: out for season (shoulder).
Lakers: Maxi Kleber: day to day (back), Austin Reaves: out (calf).
___
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Dallas, TX
Packers star Micah Parsons heads to Dallas while awaiting ACL surgery
Packers coach Matt LaFleur updates on injuries ahead of Bears rematch
The Green Bay Packers had a number on injuries in the Broncos game, including Micah Parsons’ season-ending ACL injury. Matt LaFleur has latest on them.
GREEN BAY – Packers edge rusher Micah Parsons won’t be with the team as he awaits surgery on his torn left ACL.
But it’s for a good reason.
“He’s about to have another child here pretty quick,” Packers coach Matt LaFleur said Dec. 16 in his press conference.
Parsons has a home in the Dallas area and has returned there for the birth of his third child. He has not had surgery on his knee and LaFleur said he did not have a timeline on when that might occur.
Typically, doctors allow swelling to go down before they operate to repair the ligament, and so it’s possible surgery hasn’t been scheduled.
Parsons tore his ACL late in the third quarter of the Packers’ 34-26 loss to the Broncos on Dec. 14. Tests confirmed the injury Dec. 15.
LaFleur said he didn’t know if Parsons would have the surgery in Dallas.
As for the rest of the season, LaFleur said he thought Parsons would be around to support his teammates once his child is born and his medical situation is settled.
“He’ll be around, for sure,” LaFleur said.
Dallas, TX
City Hall’s future is an opportunity for its leadership
Recent activities reminded me of a simple roadmap I laid out in these pages (Aug. 31, 2025, “Lessons from George W. Bush, his institution”) for effective leadership: providing safety, security, solvency and sanity.
In short, great leadership should provide physical safety for those being led and the security that they can trust the institutions to govern intelligently and with their best interests at heart, while ensuring both the financial solvency of the enterprise and the sanity to keep the place focused optimistically on the future.
Good leadership should do what it is strong at and be intellectually honest to own up to what it does not do well. Then, it should simply stop wasting time on those things outside its core competency. As my former boss was prone to pointing out — a government should do fewer things, but do them well!
As it relates to the current debate over the future of Dallas City Hall, applying these basic principles is instructive as the issue touches each of these priorities.
Our city government should exit the real estate business, since it is clearly not its core competency, especially given its record of mismanagement of City Hall over the years as well as other well-documented and costly recent real estate dalliances. It is time to own that track record and begin to be better stewards of taxpayer money. Plus, given the large vacancies in existing downtown buildings, relocating city functions as a renter will be much more economical.
The definition of insanity is to do the same thing and expect different results. Thinking that the city will be able to remediate City Hall’s issues in a permanent and economically feasible way is naïve. It is time for sanity to prevail — for the city to move on from an anachronistic building that is beyond repair, returning that land to the tax rolls while saving both tenancy costs and reducing downtown office vacancies at the same time.
I appreciate that the iconic architect’s name on the building is a city asset and demolition would toss that aside. But our neglect up to this point is evidence that it was already being tossed, just one unaddressed issue at a time. While punting is not ideal, neither is being in the predicament we are in. Leaders must constantly weigh costs and benefits as part of the job and make sound decisions going forward.
We now have an opportunity to demonstrate leadership and apply all of our energy and careful thought to execute on a dynamic plan to activate that part of downtown for the benefit of the next generation. Engaging Linda McMahon, who is CEO of the Dallas Economic Development Corporation, is heartening on this issue given her experience and leadership in real estate.
This is a commercial decision and ignoring economic realities is foolhardy. We have the chance to do something special that future citizens will look back upon and see that today’s leaders were visionary.
I’d like to see the city exercise its common sense and pursue the win-win strategy. By doing so, all Dallas citizens will be more secure knowing that its leadership is capable of making smart decisions, even if it means admitting past mistakes. The first rule when you’ve dug yourself into a hole: “Stop digging!”
It is time for our leaders to lead.
Ken Hersh is the co-founder and former CEO of NGP Energy Capital Management and former CEO of the George W. Bush Presidential Center.
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