As of April 2025, Elon Musk was estimated as the wealthiest person in the United States with a net worth of around 342 billion dollars. Richest people in the United States - additional information Every year since 1982, the American business magazine Forbes has been compiling lists of the 400 richest people in the United States, known as the “Forbes 400.” In addition to that, since 1987, the publication has also been compiling a ranking of the 500 richest people in the world (excluding royalty and dictators), as well as more specialized tops, such as “World's Most Powerful Women,” “America's Richest Families,” “Most Valuable Brands” or “30 Under 30,” which focuses on young entrepreneurs from various fields which have gained millions in the past year by the use of social media, technical innovations and generally new and fresh approaches to business.

The average for 2021 based on 12 countries was 34.3 percent. The highest value was in Colombia: 43.7 percent and the lowest value was in El Salvador: 29 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

In the third quarter of 2024, the top ten percent of earners in the United States held over ** percent of total wealth. This is fairly consistent with the second quarter of 2024. Comparatively, the wealth of the bottom ** percent of earners has been slowly increasing since the start of the *****, though remains low. Wealth distribution in the United States by generation can be found here.

Graph and download economic data for Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBLT01026) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

Income share held by highest 10% in United States was reported at 30.4 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Income share held by highest 10% - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Of the most populous cities in the U.S., San Jose, California had the highest annual income requirement at ******* U.S. dollars annually for homeowners to have an affordable and comfortable life in 2024. This can be compared to Houston, Texas, where homeowners needed an annual income of ****** U.S. dollars in 2024.

Graph and download economic data for Income Before Taxes: Income Before Taxes by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXUINCBEFTXLB1511M) from 2014 to 2023 about percentile, tax, income, and USA.

Graph and download economic data for Median Personal Income in the United States (MEPAINUSA646N) from 1974 to 2023 about personal income, personal, median, income, and USA.

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.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in American Fork, UT, 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 27,692, while the mean income for the highest quintile (20% of households with the highest income) is 264,701. This indicates that the top earners earn 10 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 472,406, which is 178.47% higher compared to the highest quintile, and 1705.93% 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 American Fork median household income. You can refer the same here

The Gilded Age, taking place roughly from the 1870s until the outbreak of World War I (1914-1918), was a period of unprecedented rapid economic growth in the United States. The economy of the U.S. was dominated in many sectors by large industrial monopolies, such as Standard Oil, Carnegie Steel, and American Tobacco. The owner-managers of these firms came to be known as the 'robber barons', as they were seen as exploiting their companies' dominant market positions in order to enrich themselves. To this day, they remain some of the wealthiest people in American history - when the historical fortunes are adjusted to 2006 U.S. dollars, the current fortunes of today's richest U.S. residents such as Elon Musk and Jeff Bezos are still less than those of Rockefeller and Carnegie. The Sherman Act, passed by congress in 1890, banned monopolies that put unreasonable restrictions on trade. Combined with the end of the first era of globalization, brought on by the events of World War I, this marked the end of the era of dominance by large monopolies in the United States.

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.

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q1 2025 about net worth, Net, households, and USA.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Income Before Taxes: Wages and Salaries by Deciles of Income Before Taxes: Lowest 10 Percent (1st to 10th Percentile) (CXU900000LB1502M) from 2014 to 2023 about percentile, salaries, tax, wages, income, and USA.

This NLP dataset contains all the posts and comments in the subreddits of top 10 universities in the United States, chosen according to the 2019 Forbes ranking.

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.

Corporate Profits in the United States decreased to 3203.60 USD Billion in the first quarter of 2025 from 3312 USD Billion in the fourth quarter of 2024. This dataset provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Expenditures: Total Average Annual Expenditures by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXUTOTALEXPLB1511M) from 2014 to 2023 about percentile, tax, average, expenditures, income, and USA.