Could Texas’s capitol be trading its weirdness in for wealth? The latest Forbes 400 list may help answer that question.
From Dell to Tesla, Austin has a burgeoning reputation as a bastion for southern money-makers. In the past 10 years alone, the city’s millionaire population has grown 110%, and with more investment coming into the city, that trend doesn’t look like it will slow anytime soon.
However, in those past 10 years, Austin has also become more alluring to the wealthiest of the wealthy, as its billionaire population of 10 now tops many states across the country. So who are these exorbitantly wealthy individuals and why is Austin, and the rest of the Lone Star State, such an intriguing destination for them?
Who are Austin’s richest residents?
The 2023 Forbes “400 Richest People in America” list shows that Austin is home to 10 billionaires. This ranks it as the 10th highest city for billionaire population — although it does rank third in Texas behind Houston and Dallas. As wealth continues to surge in Austin, here are the 10 richest people who call the city home, how they make their money and where they rank on the Forbes 400 list.