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Dallas ranks among wealthiest cities in the world as millionaire count grows

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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.

27 Texans make Bloomberg’s Billionaires 2024 index as more rich Americans move to Texas

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.

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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.”

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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.

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“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.”

Amid demographic shifts, the country’s workforce needs immigrants

The most recent Budget and Economic Outlook report from the Congressional Budget Office projects that economic growth between 2024 and 2034 will be higher than previously projected. The primary reason for this change, the report notes, is greater net immigration, particularly for people in their prime working years, ages 16 to 54. The report notes that 91% of immigrants are between the ages 16 to 54, a far greater portion than the 62% of the overall population.

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Dallas, TX

Dallas Snowfall Totals: How much snow fell on Thursday and Friday?

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Dallas Snowfall Totals: How much snow fell on Thursday and Friday?


North Texas got less snow than expected overnight.

FOX 4 Weather Meteorologist Evan Andrews said it was one of those crazy forecasts where some people got exactly what they expected, and others got the opposite.

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“Some of you got that heavier precipitation [on Thursday]. Others were waiting for some overnight, and the precip overnight really never got going. We got a little bit of light snow on the backend but not a ton,” he said.

For snow lovers, the snow that was on the ground from Thursday is still there. However, the total accumulation did not increase much overnight. 

Snowfall Totals (as of 4 a.m. Friday)

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Overall, the areas of highest accumulation were north of Highway 182 in Cooke and Grayson counties. Areas like Gainesville, Sherman, and Bonham got more than 6 inches of snow.

A lot of people in Wise, Denton, and Collin counties got between 3 and 6 inches.

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Fort Worth and North Dallas saw between 1 and 3 inches.

People south of Dallas got less than an inch of snow.

Thursday Snowfall (as of 9 p.m.)

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Future Snowfall

No additional accumulation is expected on Friday, with the exception of maybe a few light flakes early Friday morning.

The Source: The information in this story comes from the FOX 4 Weather team.

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Addison's WaterTower Theatre finds new stage for its summer musicals

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Addison's WaterTower Theatre finds new stage for its summer musicals


For its 2025 season, Second Thought Theatre is going all-in on world premieres written by Dallas-Fort Worth playwrights.

While exploring the question of “What space does STT provide in DFW?” executive director Parker Davis Gray says, “STT is a place where audiences intentionally attend to be challenged by and wrestle with sharp new stories and an electric take on reimagined classics.”

The company likens this perspective to the work produced by the independent TV and film production company A24, and says that has inspired this upcoming season.

Opening Second Thought’s 21st season is Blake Hackler’s Healed, which follows Gail, who has been sick for 25 years.

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Every doctor, every test, every treatment — none of it has worked. Now, with nothing left to lose, she sells everything and heads to a radical health center in the Texas Hill Country, run by the enigmatic and controversial Dr. T. Will this be her cure, her salvation, or something else entirely? It runs April 25-May 10, 2025.

Hackler’s previous work at STT includes the premieres of What We Were, The Necessities, and the 2018 Ibsen adaptation Enemies/ People.

Ringing in the summer is the sci-fi experiment Your Wife’s Dead Body, written by STT artistic associate Jenny Ledel in her playwriting premiere.

While Ledel is remembered for her performances in Belleville, Grounded, and What We Were, this shift to the other side of the table has been years in the making.

“Over the past few years, I’ve been reading Jenny’s plays and attending readings of her work,” says Gray, “she has such an accessible, inviting, and exciting voice that will resonate with Dallas as we begin to navigate the unknown landscape the next few years will bring us.”

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Your Wife’s Dead Body takes place in the near future, as Jane takes advantage of a new AI technology that would extend her lifespan … even if she’s not around to see it for herself. A play about relationships, the nature of self, and what may or may not remain of us when we leave this life behind, this story asks us to consider the new and difficult questions humans may face as new technologies emerge.

Ledel’s world premiere will be directed by former STT artistic director (and Ledel’s husband) Alex Organ. It runs July 11-26, 2025.

To close out the 2025 season, STT will dive into a new genre with INCARNATE by STT’s own Parker Davis Gray.

Trapped in her cell, Rosamund is hellbent on escaping her fate while the Man who kidnapped her struggles with the consequences of what grief can do, and how far he will go to escape it. Can they live with themselves? Or more importantly, who else is living with them?

A horror/thriller that follows two artists over the course of a year in their seemingly pointless pursuit of creation while suffering under great grief. Directed by Jenna Burnett, who also directed the original reading at Undermain Theatre, it runs October 17-November 1, 2025.

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In addition to a world premiere-packed season, STT will continue its year-long playwriting incubator program, Thought Process, andadd another development program to the docket.

2025 will be the inaugural year of Second Thought Theatre’s Associate Director Program, a year-long cohort aimed at providing professional development through education, exposure, and opportunity. Three early-career professionals will have the opportunity to assist on one production of the 2025 season, gain training and receive feedback from professional directors, spend the year working on scene study with STT artistic director Carson McCain, and then end their year with each director taking the lead on one to three readings.

“The purpose of this cohort is to fill a gap we currently see in the DFW arts community,” says McCain. “We want to offer early career directors a safe place to develop their craft and seek feedback from their peers and other professionals. We want this to be a group that allows directors to grow without the pressures of impressing a professional theater in order to be hired again. STT will serve as facilitators and educators, giving feedback, training, and a place to ask questions.”

Season subscriptions and individual tickets are now on sale at SecondThoughtTheatre.com. All productions will take place at Bryant Hall.

Second Thought Theatre Announces their new season centered around cost and consequence as they showcase the sharp and bold voices of local DFW playwrights.

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Dallas Mavericks game moved up due to weather

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Dallas Mavericks game moved up due to weather


The game between the Dallas Mavericks and Portland Trail Blazers has been moved up due to today’s weather.

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Weather changes Mavs-Blazers tip-off time

What we know:

The Mavericks announced on Thursday that the game will start at 6:30 p.m., an hour earlier than their scheduled 7:30 start.

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Doors to the American Airlines Center will open at 5 p.m.

The shift comes with the heaviest snow of the day expected on Thursday night.

The Mavericks are encouraging fans to check the latest weather conditions and consider riding the DART rail to Victory Station.

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Dallas Weather Forecast

The heaviest snowfall is expected to begin after dark and continue past midnight. Moderate snow is expected for several hours in the early evening, starting around 8 p.m. Snowfall should mostly be over by sunrise Friday morning.

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The Source: Information in this article comes from the Dallas Mavericks and the FOX 4 Weather team.

 

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