Austin's Tech Boom Fuels Surge in Millionaires, Ranking it Among Fastest-Growing Wealthy Areas in the US
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Austin, TX, is leading a "millionaire remix," according to a report from Henley & Partners. Austin experienced a surge in its millionaire population, with an increase of over 100%, reaching about 32,700 millionaires between 2013 and 2023. The Bay Area and Greenwich/Darien saw over 80% growth, bringing their millionaire counts to around 306,000 and 12,500, respectively. Palm Beach, West Palm Beach, and Scottsdale each grew their millionaire populations by over 90% to around 10,200 and 14,500 millionaires.
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