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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

Anti-ICE protest outside Dallas City Hall follows deadly shooting in Minneapolis

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Anti-ICE protest outside Dallas City Hall follows deadly shooting in Minneapolis




Anti-ICE protest outside Dallas City Hall follows deadly shooting in Minneapolis – CBS Texas

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This protest was organized by the National Alliance Against Racist and Political Repression.

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Dallas, TX

Dallas Weather: Changes on the way for North Texas

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Dallas Weather: Changes on the way for North Texas


The warm and muggy weather will give way to much cooler temperatures in the Dallas-Fort Worth area over the next few days.

Thursday Forecast

According to the FOX 4 Weather team, rain chances return on Thursday as a disturbance moves through the Plains. 

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The best chance for showers and storms will be north of Interstate 20. There’s a marginal risk for severe storms for the areas northwest of DFW and along the Red River.

A southwest wind will also keep things very warm throughout the day. Expect highs to climb into the upper 70s to 80s. Wind gusts may reach as high as 25 to 30 mph.

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Weekend Forecast

The next cold front swings through on Friday afternoon. Ahead of it, there are rain chances, especially southeast of DFW.

Behind this front, noticeably colder air moves in for the weekend. Expect lows in the 30s and afternoon highs in the 50s. 

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7-Day Forecast

A slow warm-up is expected heading into early next week.

The Source: The information in this story comes from FOX 4 Weather Meteorologist Ali Turiano’s weather report.

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Live updates: Washington Capitals vs Dallas Stars at Capital One Arena

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Live updates: Washington Capitals vs Dallas Stars at Capital One Arena


Justin Sourdif gave Capitals fans one of the most fun individual efforts of the season, recording five points and scoring his first career hat trick against the Anaheim Ducks on Monday. Sourdif had fantastic chemistry with Connor McMichael and Ryan Leonard in their first game together.

Now the question becomes – Can the Young Guns 2.0 keep it up against a usually-stingy, defensively stout Dallas Stars team?

With Tom Wilson and Aliaksei Protas out again due to injury, Brett Leason will make his season debut with the Capitals. Meanwhile, Dylan McIlrath will remain in the lineup.

The Stars come into on a six-game losing streak. Casey DeSmith will start in goal over Jake Oettinger while the Capitals will counter with Logan Thompson.

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Puck drop for today’s game is scheduled for a little after 7:00 pm. The game’s national and on TNT.

I’m dedicating my work tonight to Callie. I love you, my sweet girl. 💔

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Washington Capitals

Beauvillier

Strome

Ovechkin

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McMichael

Sourdif

Leonard

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Dallas Stars

Duchene

Johnston

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Rantanen

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Tunnel shenanigans


1st Period

Puck is dropped. McMichael-Sourdif-Leonard and Fehervary-Carlson get the start.

Ilya Lyubushkin to the box for holding Jakob Chychrun at 2:44.

Stars’ Radek Faska goes 1 on 3 shorthanded and scores after Logan Thompson loses sight of a rebound. WHAT WAS THAT.

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1-0 Dallas Stars

SHG: Radek Faksa (2). Assists: E. Lindell (14). Time: 3:06

Back to the power play and… Justin Sourdif gets tossed from the faceoff dot, starts screaming at the official, Connor McMichael comes in, says something, and he gets an unsportsmanlike doncut penalty, killing the rest of the team’s power play. You can tell Carbery is fuming.

The two teams are now playing four-on-four.

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Puck bounces over Dylan Strome’s stick on a wide-open net down low after a great setup by John Carlson.

Stars are outshooting the Capitals 5-0, 5:30 into the first period.

Apparently Beck Malenstyn has returned to the Capitals because one of the commentators said he just made a play. Lmao. No one on the Capitals even wears no. 47.

Sam Steel ailing and holding his left arm after a big hit by Ethen Frank.

At intermission: The Stars lead 1-0. The Caps didn’t really do anything in the first period. They were there. They existed. But that was about it. Shots on goal are 10-8 Dallas.

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2nd Period

Puck is dropped.

Ilya Lyubushkin and Brandon Duhaime throwing punches at each other after the play at 1:12. Lyubushkin is going down the tunnel due to a cut on his nose.

John Carlson… just watching a pass through the paint to his man, no stick lift or anything, just chillin.

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2-0 Dallas Stars

Goal: Sam Steel (7). Assists: T. Harley (14), M. Duchene (6). Time: 2:37

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Ryan Leonard fakes a dump-in and almost scores with a crazy shot to the far side from center ice.

Brandon Duhaime and Ilya Lyubushkin drop the gloves right off a faceoff at 12:53. Duhaime punches Lyubushkin about 5 times hard in the back of the helmet. Hope his knuckles are doing okay. The Caps crowd is finally into it, though.

Logan Thompson stops Roope Hintz on a two-on-none breakaway after Nic Dowd fails to get the puck deep. Caps look awful.

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Mikko Rantanen slashes Justin Sourdif at 15:55. Caps going back to the power play.

At intermission: The Stars lead 2-0. Dallas leads in shots on goal 20 to 13.


3rd Period

Puck is dropped.

Anthony Beauvillier takes it hard to the net, and gets two opportunities but can’t whack the puck through.

Nic Dowd to the box for hooking at 4:57. The Caps look awful. Just listless. Can’t get anything going. A lot of standing around.

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4 shots by the Stars on the power play. Thompson keeping the Caps close.

McMichael ices the puck at the end of the kill.

Caps have one shot on goal through the first 7:03 of the third period.

Jason Robertson rips one hard off the post. Thompson is flopping all over the place to keep the puck out.

McMichael and Duchene trade opportunities down the wing off the rush.

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Beauvillier sends a horrible pass backwards to Matt Roy in the defensive zone, turnover to the Stars’ Steel, and Wyatt Johnston scores easily in front of the net. YIKES.

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3-0 Dallas Stars

Goal: Wyatt Johnston (24). Assists: S. Steel (9). Time: 2:37

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Caps pull Thompson with 2:26 remaining. Why not?

Alex Ovechkin scores his 915th career goal via a one-timer at the top of the left circle.

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3-1 Dallas Stars

Goal: Alex Ovechkin (18). Assists: J. Carlson (23), J. Chychrun (17). Time: 17:41

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Capitals pull Thompson again.

Timeout Washington with 1:20 remaining.


Comment below. Refresh for live updates during the game. The thread will be closed shortly after the game is completed.

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