#1 Wealth Hub in The USA, Hermes, Catch, and More!

Scottsdale Leads in Wealth, Retirement Rankings, and Luxury Openings: Arizona’s Latest News Roundup

Welcome back to the Daily Arizona Update! On this September 24, 2025 edition, we’re diving into some of the most exciting developments across Scottsdale, Phoenix, and the surrounding Valley. From being crowned one of the fastest-growing millionaire hubs in the nation to major luxury dining and retail openings, here’s what you need to know this week.

Scottsdale Tops the Nation in Millionaire Growth

A recent Henley & Partners study placed Scottsdale as the fastest-growing wealth hub in the United States. While cities like San Francisco and New York still hold the largest number of millionaires overall, Scottsdale has experienced an astounding 125% growth in millionaires from 2014 to 2024.

• Millionaire Growth Numbers:

  • Bay Area: 342,000 millionaires

  • Scottsdale: 14,800 millionaires (but fastest growth rate)

This growth puts Scottsdale ahead of traditional wealthy regions such as West Palm Beach, Miami, Washington D.C., and Austin, Texas.

For investors, this signals that Scottsdale is on track to become one of the most desirable real estate and financial investment destinations in the country. As the video host put it, “Wouldn’t you rather have owned real estate in New York before it became New York?” The implication is clear now may be the best time to invest in Scottsdale real estate before values climb even further.

Scottsdale Ranked #1 City to Retire

It’s not just millionaires flocking to Scottsdale. According to Niche.com, Scottsdale has officially been ranked the #1 place to retire in the U.S.

Key Rankings and Grades:

• Overall Grade: A

• Public Schools: A

• Retirement: A+

• Crime & Safety: B-

• Diversity: B+

• Nightlife, Families, Schools: A

With a median home value of $790,000 and average rent around $1,900, Scottsdale may not be the cheapest option, but it remains highly attractive for retirees seeking excellent amenities, mild winters, and a vibrant lifestyle.

Scottsdale also ranks:

• #20 in Best Public Schools in America

• #25 in Best Cities to Live

These rankings highlight Scottsdale’s ability to balance luxury with livability.

Catch Restaurant Arrives in Scottsdale

Scottsdale’s Fashion Square continues to attract upscale brands and experiences, and this month it welcomes the arrival of Catch, a globally renowned seafood and steakhouse concept.

Catch is celebrated for its luxurious dining atmosphere, creative menu, and celebrity appeal. Its Scottsdale location, spanning over 11,700 square feet, will feature:

• Wagyu beef cooked tableside on hot rocks

• Sushi sourced from Tokyo’s Toyosu Market

• Signature dishes like truffle sashimi and miso honey crab rolls

• Emerald-toned private dining rooms and a lively bar scene

The restaurant officially opens on September 19, 2025. Locals are advised to let the opening week frenzy pass before booking reservations for the ultimate Scottsdale dining experience.

Hermès Finally Opens at Scottsdale Fashion Square

Fashion enthusiasts, rejoice, Hermès has finally arrived in Arizona. Known for its craftsmanship, fine leather handbags, and iconic Birkin bags, Hermès has long had a presence in luxury capitals like Los Angeles and Las Vegas. Now, it’s bringing that same prestige to Scottsdale.

The French fashion house’s opening has been delayed since 2022 due to renovations, but its arrival underscores Scottsdale Fashion Square’s status as a premier luxury shopping hub in the Southwest. Even if you don’t plan on splurging on a handbag, stepping inside a Hermès store is an experience in itself thanks to its curated design and exceptional customer service.

Wild Horse Pass Casino Makes National Ranking

Finally, it’s not just shopping and dining making headlines. Wild Horse Pass Casino in Chandler has been recognized as one of USA Today’s Top 10 Best Casinos Outside of Las Vegas.

Ranked #9 overall, the casino underwent a massive $180 million expansion in 2022, adding a new hotel tower and upgraded amenities.

Whether or not you’re a casino enthusiast, Wild Horse Pass is worth the visit thanks to its location near a popular outlet mall featuring stores like Nike, Converse, Brooks Brothers, and Calvin Klein. Even casual shoppers can enjoy the area while experiencing one of Arizona’s top entertainment destinations.

Final Thoughts

This week’s update shows just how quickly Scottsdale and the Phoenix metro are transforming into a hub for wealth, luxury, and lifestyle. With millionaire growth outpacing much of the nation, Scottsdale ranking as the top retirement city, and luxury brands like Catch and Hermès opening their doors, the Valley is cementing itself as a premier destination.

Add in the national recognition of Wild Horse Pass Casino, and it’s clear that Arizona continues to evolve into a powerhouse for investment, lifestyle, and leisure.

Stay tuned for tomorrow’s Daily Arizona Update, where we’ll dive into Gilbert’s surprising transformation and why it’s not what many expect.

Cole Repp & Templeton Walker

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