AUSTIN, Texas — According to a new report , Austin is no longer the main attractor of the ultra wealthy, who have been setting their sights on a popular Arizona city.

Henley & Partners named Scottsdale, Ariz., the fastest-growing wealth hub in the U.S., with a 125% growth of millionaire residents from 2014 to 2024.

The wealth boom is thanks in part to the city’s rapidly expanding tech sector. West Palm Beach, the Bay Area, Miami and Washington, D.C. follow behind Scottsdale in this year’s ranking, showing Scottsdale’s noticeable climb above even the most distinguished tech hubs in the nation.

“While the Bay Area remains the epicenter of this innovation ecosystem and the top global destination for wealthy tech entrepreneurs, we’re also seeing a broader migration trend,” Andrew Amoils, he

See Full Page