The level of global financial assets was expected to increase from ***** trillion U.S. dollars in 2023 to roughly *** trillion U.S. dollars by 2028. The United States is forecast to make up the largest portion of this global wealth, with the Asia-Pacific ranking ******.

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

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.

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.

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.

Total private investable wealth in Africa amounted to *** trillion U.S. dollars in 2023. The amount slightly increased by just 100 billion U.S dollars in comparison to the previous year. South Africa, Egypt, Nigeria, Morocco, and Kenya were the five wealthier markets on the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, less liabilities. Government funds were excluded.

Graph and download economic data for All Sectors; U.S. Wealth, Level (BOGZ1FL892090005Q) from Q4 1945 to Q1 2025 about wealth, sector, and USA.

Graph and download economic data for Private Depository Institutions; Total Financial Assets, Level (BOGZ1FL704090005Q) from Q4 1945 to Q1 2025 about assets, private, and USA.

In 2023, Moneta Group was the ***** highest-ranking wealth management by total assets under management (AUM) in the United States, with roughly **** billion U.S. dollars. Pathstone ranked ******, with roughly ** billion U.S. dollars more in AUM, higher than Moneta Group. The *** spot was occupied by Creative Planning, with ****** billion U.S. dollars in AUM.

Wealth management client assets in the United States experienced significant changes between 2013 and 2022. The largest gain was in 2021, with an increase of 8.5 trillion U.S. dollars in total client assets. In 2022, however, the client assets decreased by 6.2 trillion U.S. dollars. Overall, between 2012 and 2022, the client assets increased by 11.9 trillion 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.

Graph and download economic data for Households; Total Assets, Level (BOGZ1FL192000005Q) from Q4 1987 to Q1 2025 about assets, households, and USA.

South Africa concentrated the largest amount of private wealth in Africa as of 2021, some 651 billion U.S. dollars. Egypt, Nigeria, Morocco, and Kenya followed, establishing the five wealthier markets in the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, with liabilities discounted. Overall, Africa counted in the same year approximately 136,000 high net worth individuals (HNWIs), each with net assets of one million U.S. dollars or more.

 COVID-19 and wealth constraints  

Africa held 2.1 trillion U.S. dollars of total private wealth in 2021. The amount slightly increased in comparison to the previous year, when the coronavirus (COVID-19) pandemic led to job losses, drops in salaries, and the closure of many local businesses. However, compared to 2011, total private wealth in Africa declined 4.5 percent, constrained by poor performances in Angola, Egypt, and Nigeria. By 2031, however, the private wealth is expected to rise nearly 40 percent in the continent.

 The richest in Africa 

Besides 125 thousand millionaires, Africa counted 6,700 multimillionaires and 305 centimillionaires as of December 2021. Furthermore, there were 21 billionaires in the African continent, each with a wealth of one billion U.S. dollars and more. The richest person in Africa is the Nigerian Aliko Dangote. The billionaire is the founder and chairman of Dangote Cement, the largest cement producer on the whole continent. He also owns salt and sugar manufacturing companies.

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.

Graph and download economic data for Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50107) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

From 2016 through to 2022, total Assets Under Management (AUM) increased from approximately **** billion U.S. dollars to ***** billion dollars. Total AUM then had an ** billion U.S. dollar increase from 2022 to 2023, with total AUM reaching **** billion U.S. dollars as of 2023.

Global Total Private Pension Assets Share by Country (Million US Dollars), 2023 Discover more data with ReportLinker!

From 2016 through to 2021, total Assets Under Management (AUM) increased from approximately **** billion U.S. dollars to **** billion dollars. Total AUM had a slight decrease in 2022, falling by roughly two billion U.S. dollars before increasing to ***** billion U.S. dollars as in 2023.

Graph and download economic data for Share of Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBSB50215) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

South Africa was home to the highest number of millionaires in Africa as of 2023. The country had 37,400 high net worth individuals (HNWIs), corresponding to roughly one-third of the total number of millionaires on the continent. Second, in rank, Egypt counted 15,600 HNWIs. According to the source, approximately 135,000 HNWIs lived in Africa, each with one million U.S. dollars or more net assets, excluding government funds. The wealth value refers to assets such as cash, properties, and business interests held by individuals living in a country with fewer liabilities. The rich in Africa Compared to 2020, the number of African millionaires increased by nearly nine percent. This means that 11,000 people joined the group of individuals with minimum net assets of one million U.S. dollars. The number of centi- and multimillionaires has increased as well. In 2022, the Nigerian Aliko Dangote held the title of the wealthiest person in Africa. Founder and chairman of Dangote Cement, the largest cement producer in the whole African continent, the billionaire also owns salt and sugar manufacturing companies. His net worth is estimated at nearly 15 billion U.S. dollars. Trillions of U.S. dollars in riches Total private wealth in Africa amounted to 2.1 trillion U.S. dollars in 2021, a slight increase from 2020. That year, the coronavirus (COVID-19) pandemic had led to job losses, drops in salaries, and the closure of many local businesses. Compared to other African countries, South Africa concentrated the largest private wealth. Egypt, Nigeria, Morocco, and Kenya completed the leading wealth markets. The five nations accounted for over 50 percent of Africa’s total wealth in 2021.