May 15, 2024 - News

Golden stat to go

Illustation of pallets of gold being brought in with a crane.

Illustration: Aïda Amer/Axios

Austin saw a millionaire growth rate of 110% from 2013 to 2023, per the recently published World's Wealthiest Cities Report, by UK-based consultancy firm Henley and Partners — the biggest jump in the country.

  • Austin is home to 32,700 millionaires, 92 centi-millionaires, and ten billionaires, per the report.

Between the lines: Henley and Partners advises clients on where to move their families and businesses to find favorable tax situations.

What we're watching: Whether the drumbeat of tech layoffs leads to a slowdown in the rise of Austin's rich.

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