Austin, Texas is a pretty cool city. Long known for its live music scene (and its barbeque), it’s also become a hub for the technology industry over the past two decades. Austin is the capital of Texas and the fourth-largest city by population in the state. As far as state capitals go, it’s the second-most populous state capital after Phoenix. It is the 11th most populous city in the U.S. and was the fastest-growing large city in 2015 and 2016. As of 2019, Austin had a population of 978,908, which is 200,000 more people than it had living there during the 2010 census. The city is home to eight billionaires, three in technology, one in haircare, one in vodka, and three in finance. Michael Dell is the richest resident of Austin and his net worth has increased by $3.3 billion, which is more than the entire wealth of Thai Lee, fellow Austenite, and fellow tech billionaire. Let’s take a look at the eight billionaires who call Austin home.
Source: Technology Entrepreneur
Michael Dell is the founder, chairman, and Chief Executive Officer of the computer company Dell Inc. Michael knew that he wanted to go into business very early in life. He eventually dropped out of college, where he had been pursuing a medical degree in order to run his computer repair business. This $1,000 venture eventually grew to become Dell, Inc. These days, Dell is the sole owner of MSD Capital and owns 65 percent of MSD Partners, which manages more than $16 billion in combined assets.
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