Over the last decade, Dallas has experienced some of the highest growth in millionaires of any major city in the world.
The new report published by Henley & Partners in collaboration with New World Wealth ranked Dallas No. 9 in terms of millionaire growth between 2014 and 2024. According to the report, The World’s Wealthiest Cities in 2025, the Big D boasts 72,400 millionaires, 134 centi-millionaires (those with liquid investable wealth of $100 million or more), and 16 billionaires.
In terms of the absolute number of millionaires, Dallas ranks No. 21 globally and No. 6 in the United States. New York City (384,500) took the top spot, followed by the Bay Area (342,400) and Tokyo (292,300) in third.
Only two cities on the top 50 list saw a decline in millionaires during the reporting period. London experienced a 12% reduction in those with liquid investible wealth in the seven-figure range, while Moscow fell 25%.
Overall, China and the United States dominated the millionaire growth ranking over the past decade:
- Shenzhen, China
- Hangzhou, China
- Dubai, UAE
- Bay Area, U.S.
- Miami, U.S.
- Washington, D.C., U.S.
- Austin, U.S.
- Guangzhou, China
- Dallas, U.S.
- Delhi, India
Earlier this month, The Dallas Express reported that North Texas boasted the “most affordable” city in the country, according to a report from Motley Fool Money. Despite having a reasonably high cost-of-living of $75,348, the city’s median household income of $116,654 placed McKinney’s income-to-expense ratio at 1.55, the highest in the United States.