Austin’s Wealthiest Residents Shine on 2024 Forbes 400 List

Austin’s Wealthiest Residents: A Glimpse into 2024’s Rich List

Austin, Texas, has a notable presence on the 2024 Forbes 400 list, showcasing some of the wealthiest individuals in the United States. At the top of this list is the well-known entrepreneur Elon Musk, whose net worth is estimated at $244 billion. This marks Musk’s third consecutive year leading as the richest person in America.

Elon Musk: The Billionaire Influencer

Elon Musk, 53, is not just a household name but also a key player in the tech industry, co-founding a total of seven companies, including SpaceX, Tesla, and more recently, xAI and The Boring Company. His influence expanded dramatically when he acquired Twitter, which he renamed X, for a staggering $44 billion in 2022. However, the value of his newly renamed company has declined, with Forbes estimating it is now worth nearly 70 percent less as of August 2024.

Recent developments have indicated a shift in Musk’s business strategies as he plans to move X‘s headquarters from its original location in San Francisco to Bastrop, about 30 miles southeast of Austin, rather than relocating it to Austin itself, as he initially stated. This change comes after a new law was signed in California regarding school districts and gender identification.

Michael Dell: Austin’s Second Billionaire

Following Musk, the second richest person in Austin is Michael Dell, the founder and CEO of Dell Technologies. Dell’s net worth is estimated at $101 billion, placing him at No. 12 on the Forbes 400 list. This is a significant rise from his No. 23 position in 2023, showcasing the successful growth of his company.

A Closer Look at the Forbes 400 List

The Forbes 400 list was released on October 1, and it reflects a considerable increase in wealth among America’s elite. The aggregate wealth of the 400 richest individuals now stands at $5.4 trillion, a staggering increase of $1 trillion since 2023. Forbes senior editor Chase Peterson-Withorn noted how challenging it has become to be counted among the wealthiest, indicating the ever-growing financial landscape.

In total, 43 billionaires from Texas made it onto the list this year, highlighting the state’s economic prowess.

An New Space For Remote Workers in East Austin

In addition to the wealth news, there’s exciting development in East Austin, where a new coworking space named The Malin has opened its doors. Located at 1515 E. Cesar Chavez St., this space is designed for professionals seeking a luxurious yet comfortable work environment.

What Makes The Malin Unique?

The Malin offers a range of amenities that set it apart from traditional coworking spaces. Members will enjoy services from a complimentary executive assistant and concierge staff, all aimed to make work life smoother. This includes help with meeting preparation, personal errands, and even dinner reservations.

The interior design resembles that of a five-star hotel mixed with a cozy library, providing an inviting atmosphere. It features custom-made furniture, including solid oak desks and crystal dividers. The space covers 12,000 square feet and includes 24 desks, 12 phone booths, 10 private offices, and several meeting rooms designed to encourage productivity.

Membership Options

Membership plans offered to prospective members include Access Membership for $275 per month and Dedicated Desk memberships at $580 per month, with prices set to increase later. No formal application is required, making it a first-come, first-served opportunity. Members will receive perks and day passes for guests, although pets are not allowed unless they are service animals.

The Malin aims to create a sense of community while catering to the city’s growing number of tech and creative professionals. It also takes design inspiration from the vibrant culture of East Austin, making it not just a workspace but a reflection of the community.

For those interested in joining this innovative workspace, more information is available on The Malin‘s website.