Over ** million Russians aged 20 years and above, or approximately ** percent of the total adult population of the country, had wealth under 10,000 U.S. dollars in 2022. To compare, on average around the globe, the share of residents belonging to this wealth range was measured at **** percent in the same year. Economic inequality in Russia The latest available data by the World Bank recorded Russia’s Gini index, used as a measurement of income or wealth inequality, at **. The organization classified Russia as an upper-middle-income economy. Over ** percent of Russians considered themselves belonging to the middle class in 2020. HNWIs in Russia Approximately *** percent of Russian adults, or ******* residents, owned over *********** U.S. dollars, or were referred to as high-net-worth individuals (HNWIs). In 2021, the total wealth of the adult population in the country reached nearly *** trillion U.S. dollars. A significant portion of it belonged to roughly ***** ultra-high-net-worth individuals (UHNWIs) whose net worth exceeded ** billion U.S. dollars.

The total wealth of the adult population in Russia reached nearly 4.4 trillion U.S. dollars at the end of 2022, marking an increase from the previous year. In total in Europe, the wealth of the entire adult population reached over 104 trillion U.S. dollars.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Russia, New York, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 21,541, while the mean income for the highest quintile (20% of households with the highest income) is 235,075. This indicates that the top earners earn 11 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 371,729, which is 158.13% higher compared to the highest quintile, and 1725.68% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2022 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Russia town median household income. You can refer the same here

In 2021, the population with high and ultra-high net worth in Russia increased relative to the previous year, measuring at approximately 311.9 thousand and 6.2 thousand individuals, respectively, For 2026, the estimates forecast a further increase.

Average income in Russia

The average per capita monthly income in Russia has been gradually increasing, estimated at nearly 39.9 thousand Russian rubles in 2021. The largest share, or over one quarter of the employed population, earned between 27 thousand and 45 thousand Russian rubles per month in 2021.

Russia’s super rich

Less than six percent of Russians had a monthly income of over 100 thousand Russian rubles in 2021. Among them were members of the Bakalchuk family, the richest in the country by total compound assets. The total wealth of its members, who managed the e-commerce company Wildberries, was estimated at 13.1 billion U.S. dollars as of July 2021. To compare, the total declared income of the President of Russia Vladimir Putin was reported at about 10 million Russian rubles in 2020.

In the Russian capital and its neighboring Moscow Oblast, 104.5 thousand people owned assets worth one million U.S. dollars or more, based on the millionaire count from 2020. Russia's regions with the second-highest number of U.S. dollar millionaires were Saint Petersburg and the Leningrad Oblast, at 28 thousand. Russia ranked 15th by the number of U.S. dollar millionaires worldwide.

This statistic shows the gross domestic product (GDP) per capita in Russia from 1997 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP per capita in Russia was around 14,794.7 U.S. dollars. See the Russian GDP for comparison. Russia's wealth Russia generates most of its wealth through its energy sector, given that a large percentage of its industrial and agricultural sectors have been privatized in the 1990s. The majority of Russia’s exports consisted of natural resources, such as oil, gas and metals. Russia’s primary export partners are located within Europe, with the exception of China, and are often the recipients of a large amount of Russia’s natural gas exports. The country’s second most important and influential sector is the military sector, due to having built up a complex arms industry and having the proficiency to produce high tech weapons. Russia ranks as one of the highest spenders for military production and is one of the more intimidating military powers in the world. Due to the privatization of Russia’s industrial and agricultural sectors, a rather large part of the population was able to capitalize on the market. Russia is home to one of the highest numbers of billionaires in the world, trailing only countries such as the United States and China.

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately 449,000 U.S. dollars in Switzerland to roughly 1,200 U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was 84,308 U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America.

What is financial wealth?

Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few.

Where do most wealthy individuals live?

Individuals with a net worth over one million U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach one third of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.

The world's Jewish population has had a complex and tumultuous history over the past millennia, regularly dealing with persecution, pogroms, and even genocide. The legacy of expulsion and persecution of Jews, including bans on land ownership, meant that Jewish communities disproportionately lived in urban areas, working as artisans or traders, and often lived in their own settlements separate to the rest of the urban population. This separation contributed to the impression that events such as pandemics, famines, or economic shocks did not affect Jews as much as other populations, and such factors came to form the basis of the mistrust and stereotypes of wealth (characterized as greed) that have made up anti-Semitic rhetoric for centuries. Development since the Middle Ages The concentration of Jewish populations across the world has shifted across different centuries. In the Middle Ages, the largest Jewish populations were found in Palestine and the wider Levant region, with other sizeable populations in present-day France, Italy, and Spain. Later, however, the Jewish disapora became increasingly concentrated in Eastern Europe after waves of pogroms in the west saw Jewish communities move eastward. Poland in particular was often considered a refuge for Jews from the late-Middle Ages until the 18th century, when it was then partitioned between Austria, Prussia, and Russia, and persecution increased. Push factors such as major pogroms in the Russian Empire in the 19th century and growing oppression in the west during the interwar period then saw many Jews migrate to the United States in search of opportunity.