Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005A) from 1987 to 2024 about net worth, Net, households, and USA.

Graph and download economic data for Share of Net Worth Held by the 50th to 90th Wealth Percentiles (WFRBSN40188) from Q3 1989 to Q4 2024 about net worth, wealth, percentile, Net, and USA.

Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q4 2024 about net worth, wealth, percentile, Net, and USA.

In 2021, about 7.89 million individuals in North America had financial assets worth at least one million U.S. dollars. This equaled to a combined worth of about 27.67 trillion U.S. dollars, an increase from 24.32 trillion U.S. dollars in 2020.

In 2023, by far the highest number of individuals with net assets of at least 30 million U.S. dollars worldwide were residing in North America, reaching over 250,000 people. Asia recorded the second highest number of UHNWIs in the world with over 165,000 individuals.A small share owns vast sums of wealthThe vast majority of global wealth is concentrated in the hands of a few people. Only one percent of the global population owns assets worth more than one million U.S. dollars. The richest people in the world are Elon Mask, Jeff Bezos, and Bernard Arnault. When it comes to women, Francoise Bettencourt Meyers led the ranking of the most affluent women worldwide. The wealth of over 70 percent of UHNWIs was self-made. Where UHNWIs live and where they leave Unsurprisingly, as North America is the world region with the highest number of UHNWIs, the United States is the country with the highest UHNWI count. However, Hong Kong, special administrative (SAR) region in China, is the city with the highest number of UHNWIs. Nevertheless, China was the country that recorded the highest outflux of UHNWIs in 2022.

The Forbes published "The Definitive Ranking of the Wealthiest Americans In 2022". And here is the top 200 list including additional information on each of the billionaires.

About Dataset

This dataset contains the top 200 richest American based on their net worth.

Columns Attributes

| Column | Meaning | | -- | -- | | rank | their rank | | name | their name | | net worth | their net worth | | age | their age | | title | their title (e.g. CEO, Chairman etc.) | | source of wealth | the source of how they've managed to get this much money | | self made score | shows how far each of these billionaires has climbed to make it to the top. According to Forbes, The score ranges from 1 to 10, with 1 through 5 indicating someone who inherited some or all of his or her fortune; while 6 through 10 are for those who built their company or established a fortune on his or her own. | | philanthropy score | this score shows how much these billionaires donates on nonprofits foundations | | residence | their residence | | marital status | their marital status | | children | their children | | education | their education |

Methodology

This dataset was acquired using a web scraping tool called Beautiful soup and scraped Forbes website

Image by pch.vector on Freepik

In 2023, roughly 1.49 billion adults worldwide had a net worth of less than 10,000 U.S. dollars. By comparison, 58 million adults had a net worth of more than one million U.S. dollars in the same year. Wealth distribution The distribution of wealth is an indicator of economic inequality. The United Nations says that wealth includes the sum of natural, human, and physical assets. Wealth is not synonymous with income, however, because having a large income can be depleted if one has significant expenses. In 2023, nearly 1,700 billionaires had a total wealth between one to two billion U.S. dollars. Wealth worldwide China had the highest number of billionaires in 2023, with the United States following behind. That same year, New York had the most billionaires worldwide.

New Jersey has the highest rate of millionaires, with 9.76% of households showing a net worth of $1 million or above. That means that 246,058 New Jersey households are millionaires.

The total financial assets of households and nonprofit organizations in the United States grew steadily since 2000, except for a drop in 2018. The value of household financial assets increased from around 34.46 trillion U.S. dollars in 2000, up to around 118.34 trillion U.S. dollars in 2023.

Over 21 million individuals residing in the United States belonged to the global top one percent of ultra high net worth individuals worldwide in 2022. China ranked second, with over five million top one percent wealth holders globally. France followed in third.

Data from the Credit Suisse Global Wealth Report shows that in 2023 there were just under 30 million millionaires in the US.

As of 2019, 84 percent of millionaires in the United States had a net worth of between one million and two and a half million U.S. dollars. On the other end of the scale, 0.01 percent of millionaires had a net worth of over 500 million U.S. dollars.

In the first quarter of 2024, 51.8 percent of the total wealth in the United States was owned by members of the baby boomer generation. In comparison, millennials own around 9.4 percent of total wealth in the U.S. In terms of population distribution, there is almost an equal share of millennials and baby boomers in the United States.

In 2022, about 40 percent of adults in Mexico held a net worth under 10,000 U.S. dollars. In contrast, merely 393,000 Mexicans (that is, 0.4 percent of the total) had a net worth of over one million U.S. dollars. Mexico is one of the most unequal countries in Latin America regarding wealth distribution, with 78.7 percent of the national wealth held by the richest ten percent of the population.

The minimum salaryThe minimum wage per day guaranteed by law in Mexico was decreed to increase by 22 percent between 2021 and 2022, reaching 172.87 Mexican pesos in 2022. In the Free Zone located near the northern border the minimum daily wage was raised to 260.34 Mexican pesos.This represented the fourth consecutive incrase since 2019, but could prove to be insufficient to maintain the wellbeing of Mexican workers after the soaring inflation rate registered in 2022 and the economic impact of the COVID-19 in Mexican households. The legal minimum salary has a long history in the North American country, it was first implemented with the approval of the Political Constitution of the United Mexican States in 1917. Income inequality in Latin AmericaLatin America, as other developing regions in the world, generally records high rates of inequality, with a Gini coefficient ranging between 38 and 54 among the region’s countries. Moreover, many of the countries with the biggest inequality in income distribution worldwide are found in Latin America. According to the Human Development Report 2019, wealth redistribution by means of tax transfers improves Latin America's Gini coefficient to a lesser degree than it does in advanced economies. Wider access to education and health services, on the other hand, have been proven to have a greater direct effect in improving Gini coefficient measurements in the region.

Graph and download economic data for Net Worth Held by the 90th to 99th Wealth Percentiles (WFRBLN09053) from Q3 1989 to Q4 2024 about net worth, wealth, percentile, Net, and USA.

Bank of America's client assets reveal a significant concentration in brokerage assets and assets under management, with both categories approaching the 1.9 trillion U.S. dollar mark in 2024. This substantial portfolio underscores the bank's strong position in wealth management and investment services, highlighting its ability to attract and retain high-value clients in a competitive financial landscape.

In 2019, ultra high net worth individuals in North America had a total wealth of almost 12.5 trillion U.S. dollars. With a total wealth of over 10.4 trillion U.S dollars, the second wealthiest individuals resided in Asia.

In 2023, North America had the highest number of high net worth individuals, with 7.88 million HNWIs living there. In Asia Pacific, there were also 7.39 billion HNWIs registered in 2023. High Net Worth Individuals (HNWIs) are people with wealth exceeding one million U.S. dollars.

In 2023, there were nearly 22 million people with a net worth of over one million U.S. dollars in the United States, which put the country on the top of the ranking. China was ranked second in that year, with more than six million individuals with wealth exceeding one million U.S. dollars. The United Kingdom followed in third with around three million millionaires.

The statistic shows the average retirement account balances of Americans between 50 and 64 as of November 2010, by pension plan. On average, Americans from the bottom 25th percentile (0 - 10,800 U.S. dollars) had 281 U.S. dollars in a KEOGH pension plan, a tax deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. The same income group had, on average, 9,160 U.S. dollars in IRA (individual retirement account) pension plans. Additional info: Retirement saving It is never too early to start thinking about retirement. Plans and provisions for our twilight years often get put off as we deal with life’s more pressing demands, and with solid economic recovery still far from guaranteed, savings plans have been impacted. Despite this, those who wish to enjoy the golden years of their life should save early and save often. There are a number of saving strategies and a number of possibilities available for retirement saving, and this can seem quite daunting and difficult to figure out at first. The U.S. Department of Labor recommends determining net worth to be a good place to start i.e., the total value of assets minus the value of debts. Having ascertained this, and judging by your age, you can start planning how to get the most out of your retirement savings. You should contemplate where you want to be and how you’re going to get there. If you have age on your side, you can afford to be aggressive and put money into riskier funds. If your fund loses in value, you have time to let it grow. However, if you are getting close to retirement, more intensive and low-risk saving methods are recommended.