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    Spread The Wealth

    Big Bucks City: Houston has more millionaire CEOs than almost any place in the world

    Clifford Pugh
    Apr 28, 2017 | 11:49 am
    millionaire, money, cash
    Houston is one of the top cities in the world with the most millionaire CEOs.
    GoodNewsEveryday

    Houston has always been an entrepreneurial city where people come to make lots of money and show it off. Now there's proof. According to a new study from the business and lifestyle websites Compelo and Wealth Insight, Houston is one of the top cities in the world with the most millionaire CEOs.

     

    Houston ranks No. 5 on the list, tied with Los Angeles and Boston, with .8 percent of the population in the rarified category. London in No. 1, followed by New York, San Francisco, and Singapore.

     

    Nearly half of all millionaire CEOs in the world reside in the United States, according to the study. The average millionaire CEO is a 58-year-old male with a wealth ranging between $5 million and $30 million.

     

    Half of the millionaire CEOs created their own business while 38 percent made their wealth from a salaried position. A mere 5 percent acquired their wealth from inheritance.

     

    For purposes of the study, a millionaire is defined as a “high net worth individual” with net assets of $1 million or more, excluding his or her primary residences. The study was based on a database that Wealth Insight maintains of more than 100,000 such individuals around the world.

     
    lists
    news/city-life

    This Week's Hot Headlines

    Shaq surprises Houston restaurant with $1,000 tip and more top stories

    CultureMap Staff
    Jul 12, 2025 | 11:00 am
    Shaquille O'Neal Ninfa's Uptown
    Courtesy of Ninfa's
    Shaquille O'Neal had lunch at Ninfa's Uptown.

    Editor's note: It's time to look back at the top Houston news of the week, starting with a surprise visit — and big tip — from Shaq. Plus, Houston ranks among America's most overpriced cities, and rents rise in Sugar Land. Get the details on our most popular stories below, then find the best things to do this weekend here.

    1. Shaquille O'Neal leaves $1,000 tip at Houston Tex-Mex institution. NBA Hall of Famer and media personality Shaquille O’Neal surprised the crowd at The Original Ninfa’s Uptown when he stopped by for lunch, posing for pics and leaving a very big tip.

    2. Veteran Houston bartender shakes up the Heights with new tropical bar. The woman behind your favorite bartender’s favorite bar has quietly opened a new cocktail spot in the Heights. Called Berwick’s Birds of Paradise, it’s the latest project from Double Trouble owner Robin Berwick.

     Berwick's Birds of Paradise bar Robin Berwick Owner Robin Berwick took inspiration from hotel bars for BBOP.  Photo by Vivian Leba  

    3. Houston is one of America's most overpriced cities, study finds. In what may come as a surprise to some local residents, a new study ranks Houston among the 10 most overpriced cities in America.

    4. This Houston suburb had the highest apartment rent prices in June. Apartment rent prices in June were more expensive in Sugar Land than anywhere else in Houston, according to the latest monthly rent report from Zumper.

    5. Houston influencer opens an antiques-filled boutique hotel in Montrose. 109 Stratford Street in Historic East Avondale has recently opened as a nine-room boutique hotel, The Marlene Inn, from owner and Instagram influencer Lily Barfield.

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