In 2025, Houston stands as Texas’s premier city for millionaires, ranking 17th globally according to the World’s Wealthiest Cities Report published by Henley & Partners and New World Wealth. The report identifies Houston as home to 81,800 millionaires and 210 centimillionaires, ranking just above cities like Dubai. Despite this affluent status, Houston has seen a decline in its millionaire population from the previous year’s figure of 90,900, attributed to a slowdown in the global energy sector and the outmigration of high-net-worth individuals (HNWIs) to other states, notably Florida.
Dallas and Austin also feature prominently in the list, with 72,400 and 32,000 millionaires respectively, underscoring Texas’s significant role in global wealth distribution. The comprehensive report, which focuses on liquid investable assets and excludes real estate holdings, highlights that 11 out of the 50 richest cities are in the United States, with New York leading the count with 384,500 millionaires. These cities, including those in Texas, are praised for their robust legal frameworks, advanced financial infrastructures, and welcoming investment migration programs, drawing talent and capital from around the world.
Juerg Steffen, CEO of Henley & Partners, emphasized the common characteristics shared by these affluent urban centers, noting their ability to attract global talent and investment. Despite recent fluctuations, Houston’s millionaire count has increased by 75% over the last decade, reflecting the city’s enduring economic appeal. As the report highlights these dynamics, it offers a snapshot of the shifting global landscape of wealth and underscores the economic vitality of Texas cities on the world stage.
