In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

Introduction

Millionaire Statistics: A growing number of individuals are becoming millionaires across the globe due to economic growth, an increase in stock markets, and entrepreneurial ventures. Studies show that by the year 2024, the population of millionaires and born and bred individuals across the globe will still grow due to the growing concentration of wealth in certain areas and sectors.

An analysis of the statistics on millionaires paints a clear picture of how wealth is being shared among the general populace and the levels of economic oppression in existence, as well as financial matters in the international arena.

This piece demonstrates the situational picture of millionaire statistics in the world, their wealth, their geographical distribution, and projections of their population in the years to come.

This statistic presents the American states with highest ratio of millionaire households per capita in 2020. In that year, New Jersey had the highest ratio of millionaire households per capita in the country, with 9.76 percent of households holding over one million U.S. dollars in assets.

Iceland was the country with the highest rate of millionaires worldwide in 2022, with more than ***percent of the adult population owning assets worth more than one million U.S. dollars. Luxembourg followed behind with ** percent of the population being millionaires, with Switzerland in third.

This statistic shows the number of millionaire households in the United States from 2006 to 2020. As 2020, the number households with a net worth of *********** U.S. dollars or more (excluding primary residence) stood at **** million, up from ** million in 2019.

1) Data Introduction • The Billionaires Statistics Dataset (2023) is a comprehensive set of personal and business information, including rankings of billionaires worldwide, net assets, industries, businesses, nationalities, birth and residence information, and asset sources.

2) Data Utilization (1) Billionaires Statistics Dataset (2023) has characteristics that: • The dataset consists of more than 35 columns, including the billionaire's rank, final Worth, industry, country, age, country of residence, source of assets, related industries, citizenship, organization, selfMade, birth information, data collection date, economic and social indicators (GDP, CPI, education enrollment, life expectancy, tax revenue, population, etc.). • In addition to individual asset information, economic indicators and demographic data by country are combined, allowing a three-dimensional analysis of billionaires and each country's economic and social environment. (2) Billionaires Statistics Dataset (2023) can be used to: • Wealth Distribution and Industry Analysis: Using billionaires' net worth, industry, and national data, we can analyze global wealth concentration and wealth distribution by industry and region. • A study linking demographics and economic indicators: Billionaire data can be combined with various economic and social indicators such as GDP, CPI, tax revenue, education, and life expectancy to be used for in-depth research on wealth formation, social background, ratio of self-made and inherited wealth, and regional characteristics.

In 2024, there were nearly 24 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. France followed in third with around three million millionaires.

In 2020, California had the highest number of millionaire households in the U.S., with **** million households having one million or more in investible assets. This is nearly double the ******* millionaire households in Texas, the state with the second-highest number.

In 2023, there were around 748 billionaires in the United States. This was a slight increase from the previous year's total of 704, and a significant increase from the 66 billionaires in 1990.

Financial overview and grant giving statistics of Millionaire Mind Kids

This statistic presents the American states with lowest ratio of millionaire households per capita in 2019. In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

In 2020, the San Jose-Sunnyvale-Santa Clara metropolitan area in California had the highest share of millionaire households of any U.S. metropolitan area, with **** percent of all households having at least *** million U.S. dollars in investible assets.

Nearly half of the 3,323 billionaires worldwide in 2023 were between 50 and 70 years old. Moreover, more than 40 percent were above 70 years, whereas around 10 percent were below 50 years. A clear majority of the world's billionaires are men.

According to the Hurun Global Rich List 2025, the United States housed the highest number of billionaires worldwide in 2025. In detail, there were *** billionaires living in the United States as of January that year. By comparison, *** billionaires resided in China. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States has regained its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. Although China had briefly overtaken the U.S. in recent years, the United States has reclaimed its position as the country with the most billionaires in the world. Moreover, North America leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than ***** million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the 20 richest people in the world, only one was a woman. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich with the wealth distribution of the global population being heavily unequal.

This statistic presents the distribution of assets of the millionaire investors in the United States in 2014. In that year, ** percent of the financial assets of the U.S. millionaire investors was held in their principal residences.

This statistic depicts the number of multi-millionaires living in Vietnam from 2006 to 2016 with a forecast for 2026. In 2016, Vietnam had approximately *** multi-millionaires.

As of November 2022, a combined value of **** trillion U.S. dollars was held by billionaires living in the United States. While U.S. billionaire wealth has seen a drop over the last year, it is still more than *** times the amount it was at the start of the COVID-19 pandemic.

In 2016, around **** percent of all White families in the United States had a net worth of *********** U.S. dollars or more. This compares to only *** percent of Black families.

In 2024, China had more than *** million millionaires. In comparison, Japan recorded about *** million millionaires that year.

The statistic shows the number of millionaires in mainland China from 2015 to 2024, as estimated by a research institute in China. According to the report, there were 4.14 million millionaires owning assets worth over six million yuan - roughly equivalent to one million U.S. dollars - and 1,68 million millionaires with personal wealth of over ten million yuan in mainland China in 2024.