The number of millionaire households in the Las Vegas Valley has tripled since 2019, according to Ivan Sher, one of the valley’s top luxury real estate agents.

Sher, the founder of IS Luxury real estate brokerage, said the area has become a “magnet” for high-net worth individuals.

Sher first moved to Las Vegas from California in 2000, forming the Shapiro & Sher Group under Berkshire Hathaway HomeServices, quickly becoming one of the top luxury teams in the area. Following co-founder Florence Shapiro’s untimely passing , Sher took the business through a “reimagining,” establishing The Ivan Sher Group and creating a separate marketing and publication division.

Sher launched IS Luxury in 2022 and recently opened an office in Orange County. The brokerage closed nearly $2 billion in luxury h

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