53 SHOCKING Facts About Millionaires and Wealth (2024)

Everyone in the US belongs to the global 1%.

People don't understand millionaires.

They equate the millionaires from the movies with millionaires in real life.

Having a problem with this duality myself, I decided to look at the facts.

Here are the shocking facts I found about millionaires, decamillionaires, centimillionaires and billionaires :

1. There are 62.5 millionaires in the world.
2. 54.1 million people have a net worth of between 1 and 5 million USD.
3. 5.37 million people have a net worth of between 5 and 10 million USD.
4. 2.72 million people have a net worth of between 10 and 50 million USD. (deca-millionaires)
5. 264,200 people have a net worth above 50 million USD. (deca-millionaires)
6. 25,490 people have a net worth above 100 million USD. (centi-millionaires)
7. 2.755 people have a net worth above 1 billion USD. (billionaires)
8. 2.81 billion people (53.2%) have a net worth of under $10K.
9. 1.79 billion people (33.8%) have a net worth between 10K and 100K USD.
10. 627 million people (11.8%) have a net worth of between 100K and 1M USD
11. 62.5 million people (1.2%) of the world has a net worth of over 1 million dollars.
12. The bottom 53.2% of people own 1.1% of the world's wealth ($5.5T).
13. The top 1.2% of people own 47.8% of the world's wealth ($221.7T).
14. 33.8% of people own 13.0% of the world's wealth ($60.4T).
15. 11.8% of people own 38.1% of the world's wealth ($176.5T).
16. North America has 26.77 million millionaires (41.9% of all).
17. Europe has 16.69 million millionaires (26.7% of all).
18. Asia-Pacific has 10.75 million millionaires (17.2% of all).
19. Latin America has 915K millionaires (1.5% of all).
20. Africa has 352K millionaires (0.6% of all).
21. The United States has 25.58 million millionaires (39.1% of all).
22. China has 6.19 million millionaires (9.4% of all).
23. Japan has 3.36 million millionaires (6.5% of all).
24. The United Kingdom has 2.84 million millionaires (5.3% of all).
25. France has 2.79 million millionaires (4.4% of all).
26. 72.5% of millionaires are self-made.
27. 20.1% of millionaires became rich through a mix of inheritance and personal earnings.
28. 7.4% of millionaires inherited all of their wealth.
29. 84% of millionaires have a Bachelor's degree.
30. 30% of millionaires have Master's Degrees or PhDs.
31. It takes 50 years, on average, to make your first million.
32. 50% of millionaires joined the category in 38 years.
33. 4% of self-made millionaires earned their wealth in less than 27 years.
34. 57-years old is the average age of a millionaire.
35. 5.2 million people became millionaires in 2020.
36. 76% of millionaires are married.
37. The bottom 50% of earners owned $3.92T in 2022.
38. 50-90% of earners owned $42.79T in 2022.
39. 90-99% of earners owned $56.85T in 2022.
40. The top 1% of earners owned $47.07T in 2022.
41. The Top 0.1% of individuals make $3.21M a year in the USA.
42. The Top 1% of individuals make $401,622 a year in the USA.
43. The Top 10% of individuals make $173,176 a year in the USA.
44. The Top 0.1% of individuals in the USA have a net worth of $43,20M.
45. The Top 1% of individuals in the USA have a net worth of $11.1M.
46. The Top 10% of individuals in the USA have a net worth of $1.21M.
47. The Top 10% of individuals in the World have a net worth of $93,170.
48. The Top 1% of individuals in the World have a net worth of $871,320.
49. Average Global Personal Income Equals $9,733 annually.
50. The Global Median Income is $1,225 annually.
51. You need $34,000 annually to join the global 1%.
52. The average US salary is $53,580 annually.
53. The Median Individual Salary in the US is $54,132 annually.

Slay a dragon today and stay awesome.

B-Bye.