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    Net-worth network

    Dallas-Fort Worth crowned one of world's top 10 wealthiest places

    John Egan
    Jan 24, 2019 | 9:42 am
    4441 Belfort Pl, Highland Park
    Many of Dallas' high-net-worth residents live in the Park Cities.
    Photo courtesy of Briggs Freeman Sothebys International

    Believe it or not, the whole Dallas-Fort Worth Metroplex is home to more mini-millionaires than the entire population of Plano. In fact, DFW now ranks among the world’s top 10 metros for the number of high-net-worth individuals.

    A new ranking from Wealth-X, which collects and analyzes data about the world’s wealthiest people, puts DFW at No. 10 globally for the population of high-net-worth (HNW) individuals, defined as those with a net worth of $1 million to $30 million. (In other words, Alice Walton, Jerry Jones, and Andy Beal are way too rich for this list.)

    For 2018, Wealth-X tallied 298,220 HNW individuals in Dallas-Fort Worth, up slightly from 297,935 the previous year. By comparison, the population of Plano was 286,143 in 2017, according to the U.S. Census Bureau. DFW is the only Texas metro to appear in Wealth-X’s top 10.

    “With the addition of [the] Dallas-Fort Worth metro area, the U.S. now includes six of the top 10 cities in our ranking,” Wealth-X says.

    Sitting atop the ranking is the New York City metro area, home to nearly 1 million HNW individuals. Elsewhere in the U.S., Los Angeles stands at No. 3, Chicago at No. 6, San Francisco at No. 9, Washington, D.C., at No. 9, and Dallas-Fort Worth at No. 10.

    Chances are, you’ll find many of DFW’s HNW individuals in the region’s richest ZIP codes, particularly Highland Park and University Park. Highland Park is No. 9 among the country’s wealthiest ZIP codes, and University Park is No. 7, according to a 2018 analysis by Bloomberg.

    According to data released in 2018 by Charles Schwab’s Modern Wealth Index, DFW residents say it takes a net worth of $2.4 million to be considered wealthy and $1.3 million to feel financially comfortable.

    “Wealth is often thought of as an unreachable sum of money, but that is a view of the past,” Julie Lambert, manager of the Charles Schwab branch in Plano, says in a 2017 release. “We believe people should think about wealth as what they have now, whether that’s a lot of money or a little, and the important part is paying attention to it. Being engaged, even when you’re just getting started, is the only way to build wealth over time and attain personal goals.”

    According to the 2018 Knight Frank City Wealth Index, Dallas ranks seventh globally for the most households (297,970) earning at least $250,000 in 2017, just behind Houston at No. 6 (298,868 households).

    Dallas is projected to rank 10th for the growth of households earning at least $250,000, adding 58,575 such households from 2017 to 2022, the index says. By comparison, Houston is forecast to hold down the No. 9 position, adding 71,211 of those households during the same five-year span.

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    This Week's Hot Headlines

    The richest small town in Texas tops our 5 most popular Dallas stories

    CultureMap Staff
    Dec 20, 2025 | 10:00 am
    Bellaire, Texas
    Facebook / City of Bellaire, Texas
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    Editor's note: The top Dallas news of the week reveals the richest small town in Texas and some big restaurant closures. Plus, a magical Christmas light show in Plano. Catch up on our most popular stories below, then visit this guide for festive weekend fun.

    1. The richest small town in Texas is surprisingly not in Dallas. A survey of affluent small towns has found one town in Texas to be at the top of the list, but shockingly, it is not in Dallas.

    2. Mom-and-pop restaurant chain Biscuit Bar closes all Dallas locations. A Dallas-Fort Worth restaurant chain dedicated to biscuits is shutting down. The Biscuit Bar, a chain with six locations including five in the Dallas area, is closing them all. According to the owners, the closures are effective immediately.

    3. Magical Plano Elf Town to compete on ABC's Great Christmas Light Fight. A family from one of Dallas-Fort Worth's most famous Christmas-light neighborhoods stepped into the national spotlight. Melissa and David Loder, who present a spectacular "Elf Town" display in Plano's Deerfield subdivision, competed on ABC's holiday competition show The Great Christmas Light Fight on December 18.

    Elf Town, Loders, Deerfield Plano, Great Christmas Light Fight David and Melissa Loder's Elf Town is on Penbrook Court in the Deerfield subdivision of Plano. Photo courtesy of David and Melissa Loder

    4. Longtime Dallas restaurant Sevy's Grill to close after nearly 30 years. A longtime Dallas restaurant is closing in 2026. Sevy's Grill, which has been open at 8201 Preston Rd. for nearly 30 years, will close on June 27, 2026.

    5. Tom Thumb debuts 2 new supermarkets in the Dallas area. Venerable supermarket chain Tom Thumb is celebrating the opening of two new stores in the Dallas area.

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