Valley city adds millionaires faster than nearly anywhere else

By Jeff Gifford | Phoenix Business Journal

The Valley as a whole is not among the nation’s wealthiest metros, but Scottsdale is moving fast in that direction.

Scottsdale has the second-highest growth rate for millionaires, according to the USA Wealth Report 2024 from Henley & Partners, which found that the Valley city had a 102% increase in millionaires between 2013 and 2023. Only Austin, Texas, had a higher rate, at 110%.

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