Austin is becoming a hub for high-wealth individuals. Here's where it ranks in US, world

Beck Andrew SalgadoAustin American-StatesmanShow CaptionAustin has topped the list of the fastest-growing metro areas in the country for years. In a parallel trend, it's now in the top echelon nationally for the growth of its millionaire population.According to the latest data from New World Wealth and Henley & Partners, Austin ranks 10th among U.S. cities for most millionaire residents, with 32,700. Whether it be homegrown wealth like Michael Dell's or Texas transplants like Elon Musk, Austin is becoming a popular address for high-net-worth individuals.The list is based on net worth and includes data up to 2023.Millionaire population in Austin skyrocketsAustin rebranded itself as a southern tech hub over the last decade and with that new reputation came unprecedented wealth flowing into the city.From 2013 to 2023, Austin’s millionaire population grew 110%, which is 30 percentage points more than in the original Silicon Valley in California during the same 10-year-span.Speaking of the...