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    Tops in Texas

    Houston is home to the 5th most millionaires in America, study finds

    John Egan
    May 21, 2025 | 9:00 am
    Tilman Fertitta Shut Up and Listen book standing

    Millionaires and billionaires call Houston home.

    Photo by J. Thomas Ford

    Houston reigns as the richest city in Texas and one of the richest cities in the U.S., a new study shows.

    The study, published by residency and citizenship consultant Henley & Partners, indicated Houston was home to 81,800 millionaires as of December 2024, 210 centi-millionaires ($100 million-plus), and 16 billionaires.

    Nationally, Houston ranks fifth as a U.S. hub for millionaires, due primarily to wealth tied to the energy industry. The study said the number of millionaires in Houston grew 75 percent from 2014 to 2024.

    “America’s energy capital, Houston, is a global leader in engineering and aeronautics. It is also home to 24 Fortune 500 companies — the third-highest number among U.S. cities, after New York and Chicago,” the study noted.

    Dallas sits in sixth place on the list, and Austin lands in 10th place. Texas is the only state with three millionaire hubs in Henley & Partners’ top 10.

    Here’s the rundown for Dallas and Austin:

    • Dallas — 72,400 millionaires, 135 centi-millionaires, and 16 billionaires. Millionaire growth rate from 2014 to 2024: 85 percent.
    • Austin — 32,000 millionaires, 90 centi-millionaires, and 10 billionaires. Millionaire growth rate from 2014 to 2024: 90 percent.

    The study pointed out that Dallas “has seen very strong wealth growth over the past two decades, driven in part by the relocation of several major corporate headquarters to the city. Prominent companies based in the Dallas-Fort Worth area include AT&T, CBRE, Caterpillar, American Airlines, Charles Schwab, and Texas Instruments.”

    Here’s the study’s take on Austin:

    “With its booming tech sector, Austin has been dubbed ‘Silicon Hills.’ Several major tech companies have moved their headquarters to the city over the past decade, most notably Tesla. Texas’s low state taxes add to Austin’s appeal. While wealth growth in the city has slowed over the past couple of years, it remains very impressive when viewed over the past decade as a whole.”

    On a separate Henley & Partners list, Houston holds the No. 5 spot for the most centi-millionaires in the U.S. Dallas ranks seventh and Austin ranks 12th.

    New York City tops the overall list, boasting 384,500 millionaires, 818 centi-millionaires and 66 billionaires.

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    Camp Mystic News

    Camp Mystic proposes selling property as part of bankruptcy plan

    Associated Press
    Sep 29, 2026 | 9:00 am
    Camp Mystic Files For Bankruptcy As First Anniversary Of Deadly Floods Approaches
    Photo by Brandon Bell/Getty Images
    Ribbons honor Camp Mystic flood victims and families.

    The owners of Camp Mystic have proposed selling off the riverfront property as part of a bankruptcy plan, with hopes that a buyer will preserve the camp's “historic mission” following the death of 27 campers and counselors swept away by a 2025 flood.

    The century-old private Christian girls' camp filed a Chapter 11 bankruptcy reorganization plan on September 25 that would auction off the 749 acres (3 square kilometers) it owns and other assets.

    The sprawling campus, nestled among rolling wooded hills on the banks of the Guadalupe River, had several single-story cabins that housed some of the youngest campers and a recreation hall near the riverfront. A second campus on elevated ground was not flooded.

    The Eastland family has owned the camp for decades and initially sought to reopen this summer. But they faced fierce opposition from victims’ families and some state lawmakers, lawsuits, and legislative investigations into what went wrong.

    A buyer would likely get a portion of the camp frozen in time. Families of the victims have fought to stop any demolition of damaged cabins and buildings and stop repairs as part of their lawsuits.

    The bankruptcy plan said the owners expect a purchaser would be backed by a group of families that support the camp.

    “Nothing in the plan requires any buyer to operate the property as a camp,” the filing said, “but the plan states an express preference, in determining the highest or otherwise best bid, for a buyer that will maintain the historic mission of the camp.”

    Twenty-five campers and two counselors were killed when the river surged over its banks in the pre-dawn hours of July 4, 2025. Camp owner and director Richard Eastland was also killed. At least 136 people were killed along a several-mile stretch of the river.

    Earlier this month, state police investigators sought search warrants for the electronic communications of the camp's owners, saying they could provide evidence of manslaughter, negligent homicide, child abandonment, or other crimes.

    No charges have been brought.

    A probe by state lawmakers determined the camp’s young and inexperienced counselors were not trained for floods and other emergencies. It said an earlier decision to evacuate could have saved every life. Most of the victims were under age 10, and some were attending camp for the first time.

    The camp's bankruptcy proposal would have to be approved by U.S. Bankruptcy Judge Christopher M. Lopez. Officials with Camp Mystic did not immediately respond to an emailed request for comment Monday.

    All creditors, including the families who have sued Camp Mystic over the deaths, will have a chance to respond to the plan.

    “The Eastlands are now attempting to determine the future of the Camp Mystic property, but the victims' families including my clients, will fight to protect their rights and ensure any sale is fair and transparent,” said Tim Ferguson, attorney for the family of 8-year-old Mary Grace Baker, one of the campers who died.

    “The Bakers intend to continue fighting for answers, accountability and justice for their daughter,” Ferguson said.

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