The United States had the highest number of ultra wealthy individuals in 2022. In that year, there were nearly 130,000 ultra wealthy individuals in the country, while in China (excluding Hong Kong) there were 47,000 ultra wealthy individuals.

In 2023, 225,000 individuals with net assets of at least 30 million U.S. dollars were residing in the United States, by far the highest number of any country. By comparison, China, which had the second highest number of ultra high net worth individuals (UHNWIs), had less than 100,000 individuals with assets amounting to 30 million U.S. dollars or more.Place of residence of ultra high net worth individuals The residency of almost half of the world’s ultra high net worth individuals in the United States explains the dominance of North America in regard to the number of ultra high net worth individuals by region. Hong Kong was the city with the most UHNWIs in 2022, followed by New York, London, and Los Angeles. Source of wealth and gender differences A majority of the world's UHNWIs are self-made. However, looking at billionaires, there is a clear difference between men and women; whereas a majority of billionaire men were self-made, a majority of the women had inherited their fortune.

In 2017, the number of individuals living in the United Kingdom (UK) with a net worth of over one million U.S. dollars excluding the value of their primary residence was roughly 2.43 million people. This number steadily increased reaching almost three million people in 2022, with forecasts for the growth to continue.

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.

Ultra-high net worth individuals (UHNWI) are typically defined as individuals who have a net worth of more than 30 million U.S. dollars. In 2022, the total value of the art and collectible wealth of UHNWI worldwide amounted to approximately 2.17 trillion U.S. dollars. That year, North America accounted for the highest share of the market, with around 873 billion U.S. dollars in UNHWI art and collectible wealth. This figure was forecast to reach an estimated 1.1 trillion U.S. dollars in 2026. The global auction market An important segment of the global art market, auctions are among the most common ways to acquire valuable artworks, antiques, and collectibles. In 2022, the sales value at public auctions of art and antiques worldwide reached nearly 27 billion U.S. dollars. When breaking down global public auction sales by country, the United States, China, and the United Kingdom emerged as the leading markets in 2022, generating together more than 75 percent of public auction sales worldwide. What are the biggest auction houses in the world? Christie's and Sotheby's, two auction houses founded in the UK in the 1700s, currently dominate the market, ranking as the auction houses with the highest sales value worldwide in 2022. That year, Heritage Auctions and Phillips, another auction house originally founded in the UK in the 18th century, followed in the ranking. In 2022, global sales of Phillips totaled 1.3 billion U.S. dollars, the highest figure reported by the company to date.

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.

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q4 2024 about net worth, Net, households, and USA.

The high net worth individuals (HNWI) and ultra-high net worth individuals (UHNWI) in North America had the highest value of assets worldwide in 2023. The largest part of North American HNWI and UHNWI's assets were financial assets, such as cash and deposits, bonds, equities, and shares, which reached a value of over 126 trillion U.S. dollars in 2023. North American wealth management clients also had the highest liabilities, amounting to 22 trillion U.S. dollars.

As of 2022, Germany had the highest number of individuals with a net worth of over 30 million U.S. dollars excluding the value of their primary residence. This trend is expected to continue with 2027 forecasts predicting that almost 31,000 individuals living in Germany will be considered as Ultra High Net Worth individuals (UHNWIs). Hungary had some of the lowest numbers of UHNWI with 2027 forecasts reaching 415 individuals.

United States - Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level was 772.34% in October of 2024, according to the United States Federal Reserve. Historically, United States - Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level reached a record high of 832.99 in January of 2022 and a record low of 455.44 in July of 1974. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Households and Nonprofit Organizations; Net Worth as a Percentage of Disposable Personal Income, Level - last updated from the United States Federal Reserve on March of 2025.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Worth, New York, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Worth town did not include 4, 5, 6, or 7-person households. Across the different household sizes in Worth town the mean income is $59,060, and the standard deviation is $10,318. The coefficient of variation (CV) is 17.47%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $51,073. It then further increased to $55,397 for 3-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/worth-ny-median-household-income-by-household-size.jpeg" alt="Worth, New York median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

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

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

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 Worth town median household income. You can refer the same here

In 2022, there were close to 2.6 million high net worth individuals (HNWI) with a net worth of one to five million U.S. dollars in Japan, compared to 77 individuals with a net worth of over 500 million dollars. Japan has a population of 125.85 million.

This statistic illustrates the number of individuals with a personal net wealth of over one million US dollars in Europe, in selected years from 2017 to 2022 and projections for 2027. The number of millionaires in Europe has increased overall, amounting to approximately 18.93 million individuals in 2022. The number of millionaires in Europe has been forecast to grow between 2021 and 2027, estimated to reach over 27 million.

As of 2022, Germany had the highest number of individuals with a net worth of over one million U.S. dollars, excluding the value of their primary residence. This trend is expected to continue with 2027 forecasts predicting that almost five million individuals living in Germany will be considered as High Net Worth individuals (UHNWIs). France ranked second with roughly 3.2 million HNWIs being located in France as of 2022.

This statistic illustrates the number of high and ultra-high net worth individuals in the Netherlands from 2012 to 2017 with a forecast for 2022, by wealth bracket. By 2022 it is estimated the number of individuals in the Netherlands with a net worth of over five million US dollars will reach almost 50 thousand, an expected increase of over 17 thousand from 2017.

The high-net-worth individual (HNWI) financial wealth value in the Asia-Pacific region reached 25.7 trillion U.S. dollars in 2023. According to Capgemini, the HNWIs financial wealth value has recovered from losses in 2022.

This statistic illustrates the number of high net worth individuals in Hong Kong in 2022, broken down by wealth range group. That year, there were 127 people in Hong Kong whose wealth exceeded 500 million U.S. dollars.

This statistic illustrates the number of high and ultra-high net worth individuals in Spain from 2012 to 2017 with a forecast for 2022, by wealth bracket. By 2022 it is estimated the number of individuals in Spain with a net worth of over five hundred million US dollars will reach 120, an expected increase of 30 from 2017.

This statistic illustrates the number of high and ultra-high net worth individuals in Belgium from 2012 to 2017 with a forecast for 2022, by wealth bracket. By 2022 it is estimated the number of individuals in Belgium with a net worth of over five million US dollars is 28.5 thousand, almost double the amount seen in 2012.

This statistic illustrates the number of high and ultra-high net worth individuals in Portugal from 2012 to 2017 with a forecast for 2022, by wealth bracket. By 2022 it is estimated the number of individuals in Portugal with a net worth of over five million US dollars will reach 5.65 thousand, an expected increase of nearly 1.1 thousand from 2017.