"33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Millionaires" Zippia.com. Out of the top 100 billionaires in the world, over two-thirds (69%) made their first million in under ten years. Its estimated that about 6.8% of people who are Hispanic or Latino and are middle-aged and college-educated are or will become millionaires. With 80% of millionaires having aggressively invested in their 401(k), it makes sense why younger generations are far from hitting $1 million net worth. Millionaire Status Is On The Rise With 5.2 Million People Joining The Club. 5. Thats 43%, over seven times the national rate of 6%. US Inflation Forecasts and Statistics to Be Aware of in 2021, 25+ Fintech Statistics You Need To Know in 2021, 33+ Small Business Statistics to Know in 2021, The total number of millionaires in the US is, New York is the city with the biggest concentration of ultra-rich millionaires with, The United States millennial millionaires own an average of three properties with a real estate portfolio worth. Data from 2018 shows that Italy and Spain were home to respective 1.51 million and 945,000 European millionaires. According to the 2019 stats, the number of millionaires in Switzerland, France, and Germany was 884,000, 2.16 million, and 2.16 million, respectively. Instead of thinking about the future they just care about immediate gratification. On average, people become millionaires at age 37. Yet, the increase isnt as drastic as the one seen in the United States and China. After all, everyone wants to peek inside the luxurious world of expensive vehicles and mansions. About 79% of the wealthiest Americans, for example, never received any inheritance. My father had the right idea but didnt execute. At the same time, millionaires share of the worlds wealth has increased from 35% to 46% during this 20-year span. Only 1% are below 35. Answer (1 of 3): Thanks for the A2A Linh. About 15% are at least 80, Statistas US millionaires by age data shows, and around 5% are over 90. Being rich is easy and anyone can do it. The College Investor does not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. So in a way the author is right. However, many of these millennials are earning good money all by themselves as well. The average age for men to have $1 million set aside for retirement is 59.3. How Much Does It Cost to Live in California? The following list looks at 25 of the richest American's under the age of 25. How much is enough? Only 12% of them inherited at least 10% of their wealth. Approximately 6.4% of people who are Black, college-educated, and middle-aged are estimated to be or to become millionaires. The second spot belongs to Los Angeles, with 16,295 millionaires. Im having difficulty understanding why Asian Americans and Black Americans are lumped into the same category, particularly since African Americans are almost 14% of the population and only 2% are millionaires. Thats more than 10% of households in the US. 8% of millionaire in the U.S. identify as Asian. 735 are American. They are saying that Blacks and Asians have 8% EACH. Moreover, approximately 93% of people valued at $1 million use coupons when shopping. While still commonly used, cash is slowly giving way to credit cards and other digital payment methods. The five states that have the highest ratios of millionaire households per capita are: The U.S., China, Japan, Germany, and the United Kingdom are the five countries with the most millionaires. World Gained 5.2m Millionaires Last Year in COVID Crisis Report. Accessed on December 22, 2021. In addition, 80% of these surveyed millionaires grew up in families that were at or below middle-income levels. I said what happened? Only 7.7% became wealthy solely through inheritance. Due to their choice of lifestyle, they are not as pressed as they might have been to cash in their investments. Broke people cannot help broke people be wealthy. Depends on the Study. Accessed on December 22, 2021. Business Insider. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. started a business in high school or college, The Real Truth About Becoming A Millionaire At 25 (Or Why It's Not That Simple), Entrepreneurship Can Lead To A Big Payday, list of high-paying side hustles that can earn you well over $1,000 per month, 529 Plans: The Ultimate Guide To College Savings Plans, The Definitive Guide To Student Loan Debt, How to Start Saving Now: The College Graduates Guide to Saving for Retirement, Tax Survey: How Much People Paid To File And The No.1 Tax Software They Used, Side-Hustles To The Rescue: Survey Shows 86% Stressed About Money & Inflation, 75% Of Students Would Still Choose To Work Even If They Didnt Have To. In Sweden, there were 368,000 millionaires in 2017. In comparison, only 33% of the general US population graduated from college. Now, there may be those who dont care: whats it to them, their thinking may go, what future opportunities would be like? A.k.a. That is called responsible living. In comparison, more than one in every . I stayed away from financial vehicles with poor returns such as bonds. Jeff Bezos, Amazons former CEO and current executive chairman, is worth $189.3 billion as of February 2021, making him the Earths wealthiest person since 2017. So, while researching what percentage of Americans are millionaires, we found out that the American dream is alive and thriving. long-term stable ones). When it comes to millennial millionaires, they own an average of three properties with a real estate portfolio worth $1.4 million. Many of the names on this list are the stars that the public read about on a regular basis, but many were completely unaware that their income had been able to soar in the current climate. And how much of wealth overall do they control? Most of the impetus to do so came after educating ourselves, much prayer (to overcome fear) and after reading Rich Dad, Poor Dad. Just 40 percent of the 140 million tax returns filed in 2009 represented married couples. Become a Millionaire One Small Step at a Time. Accessed on December 22, 2021. Millionaire Status Is On The Rise With 5.2 Million People Joining The Club. Accessed on December 22, 2021. According to the Forbes 2020 self-made millionaire statistics, Diane Hendricks is the richest self-made woman. Anyone can do it, start saving for your first down payment and protect your credit rating. What Percentage of Americans Make Minimum Wage? Theyre all educated, and two of them are already millionaires. References:Statista, Statista, Financial Samurai, Dave Ramsey, Dave Ramsey, ColdwellBankerLuxury, Forbes, USA Today, Statista, GOBankingRates, Statista, Credit Suisse, Your email address will not be published. These millionaire statistics are a great guide for those who want to outline a strategy and try to join this elite club. We recently joined the HNWI list and it took close to ten years after college to do it. He replies, I want to buy another multi. 20+ Holiday Spending Statistics to Know Before You Shop for Gifts, 50 Cryptocurrency Statistics Every Investor Needs to Know. Women make up about 20% of Fidelity 401(k) account holders who have at least $1 million set aside. We arrived at the millionaire mark maybe back in 2013 and have continued building upon that initial milestone. The finance and investments industry produces the highest number of millionaires. At The College Investor, we want to help you navigate your finances. Did you know that only 1% of adults are millionaires? The less stable the society, the more likely would occur shocks to the financial system that have an impact on worldwide perceptions of stability, a cause itself of greater instability, thereby setting up conditions suitable for a vicious cycle detrimental to the US economy. On vacation spend time enjoying ourselves and going too service on Sundays and pay ties. There is an obvious proportional correlation between the percentage of millionaires who are white and the standard population percentage. This further reaffirms that billionaires are not made overnight but are built through experience and time. Which profession has the most millionaires? Alexandra and katharina Andresen ($1.3 billion) The Andresen sisters, aged 24 and 25 each inherited 42% of Ferd, a Brum, Norway-based investment company that reels in about $2 billion in annual revenue. Rounding out the list of self-made billionaires under the age of 30 is cryptocurrency tech mogul Gary Wang, who is worth $5.9 billion. Rick, according to my analysis Hispanics are 8% of the millionaires and are 18% of the general population. About 21% of them received some inheritance, while 3% got at least $1 million. What Is The Average Amount Of PTO Days In America? What Percentage of Americans Make Minimum Wage? Age | Gender | Industry | Location | Trends and Projections. Additionally, as baby boomers pass on, millennials will inherit an accumulated $68 trillion from their rich parents and relatives. Statista. 5 youngest billionaires of India and their net worth 1. My initial thought was that the rental income would cover my student loan payment. As for China, it recorded over 1.28 million new adults with wealth above $1 million between 2019 and 2020. He was a renter. (It would be quite revealing to know the breakdown.) Although he was born in Ghana, Hussman spent years growing up in Germany. The UK has been knocked out of the top five and is now sixth with 2.116 million millionaires. The rest of them (80%) are self-made, first-generation millionaires. This is the second-highest of any racial demographic, and people who identify themselves as white alone (and not Hispanic or Latino) make up approximately 60% of the U.S. population. Anyone who is responsible can easily do it. For investors, real estate offers the biggest opportunity to develop wealth. According to a census report in 2020, there are 788 billionaires in the United States with a combined net worth of $3.431 trillion. There are a lot of inspiring people both fictional and real that have made it big that way. According to the most recent statistics on millionaires by . I got laid off and eventually landed a customer service job with a 401k provider. Responsible for alot of these things and its way more then 2% of black millionaires its really 9% and majority lived in the East Coast down South and some in L.A area. All you need is to show that you are responsible. A question that we often get is "how many millionaires trade Forex?". We also get your email address to automatically create an account for you in our website. American States with Highest Ratio of Millionaire Households Per Capita in 2020. The United States benefits greatly, as far as its reputation is concerned, as a good place, frequently seen as the best place, to park vast wealth due to its combination of stability and economic dynamism. How Billionaires Got So Rich in 2021. Accessed on December 22, 2021. Credit Suisse. Kylie Jenner is one of the eight billionaires younger than 30. Wasnt the case you had racial segregation which done by law US millionaires by race data shows that Hispanics and African Americans, in contrast, have the lowest chances of joining the millionaire club. I went to college and graduated with about $80k in student loans. Approximately 62% of the USAs richest people graduated from state schools or public universities. But worse, as I see it, is this: if we are to grant that there is some moral claim to hard-earned cash, it does not follow that the same claim applies to the wealth accumulated by an investment in real estate, including, say, a contractual arrangement set up with a maintenance company to do the hard work involved in upkeep. 52% of surveyed millionaires earned a masters degree or higher. To keep track of this trend, we made a list of the most essential cash vs credit card spending statistics. you didnt read it right. The conclusion I draw is that the disparity does not exist under conditions of fair play, but under those which, with only empty-headed propaganda to back it up, allow the strong to grow stronger at the expense of the weak by using the law to protect hoarded money from being used to, say, help children flourish, including their physical and mental health, or to support joint efforts to stem the advancing degradation of environmental conditions needed to.be maintained if the planet is to remain suited to the lives of human beings and other living things. Thats one of the many impressive millionaire statistics we will cover below. If he didnt know how to fix something, he would go online and look up videos. In about 10 years we went from almost no savings to owning 2 businesses, working on buying our tenth property, and probably $1mm in paper assets. What we can do is share some amusing trends that can help you outline your strategy for hitting the $1M threshold. Growth was greatest in percentage terms at the high end. For they have already utilized the opportunity afforded them which they helped create by hard work. This doesnt influence our evaluations or reviews. Required fields are marked *. I think that new ideas are the single most important contribution a person can make and that a new idea is ultimately worth much more to society than is the fine tuning of an old idea. The Baldwins were just a bit more aggressive (to say the least), investing 80% of their income for five years and counting. The number of super-rich individuals has gone up for the 10th year in a row! This means they made their own money instead of relying on wealthy family members for finances. Between 2019 and 2020, the figure increased by 2.25 million and went over 22 million. We each have a human value of only 1. About 93% of individuals with a net worth of at least $1 million said they made their fortune by working hard. The number of multimillionaires has also increased, with a 24% increase in the richest of the. Millionaires are Married (and Dual-Income) It may surprise many to learn that the majority of taxpayers today are single individuals or heads of household. Among educated population,70% No votes so far! Approximately 7% of millionaires in the US are Hispanic. Between 2010 and 2010, the number of UK millionaires doubled. According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million dollars, of whom nearly 40% lived in the United States. I thought you were going to cut back on working? Ankit Bhati - Youngest billionaire in India. These millionaire statistics reveal that education significantly increases peoples chances of hitting the $1-million mark. We took pride in never shutting down to be there for our customers. The latest Black millionaire statistics place Robert Smith and his $6 billion on top of the list of wealthiest African Americans. Black American and Asian millionaires each accounted for just 8%. Millionaire statistics for the US also reveal that less than 1.5 million families, or 1.13% of all households, have a wealth that exceeds the $10 million threshold. Your email address will not be published. Also, 1.3 million well-off Americans were in the ultra-high-net-worth category defined as having household assets excluding primary-home real estate of between $5 million and $25 million. So you still have a chance to become a part of our statistics. Any investing information provided on this page is for educational purposes only. What percentage of Americans are millionaires then? While there were 86.5% of male billionaires in the States in 2020, only 13.5% were female. My parents had rented out my grandparents house when they had Alzheimers and dementia it helped pay the bills. Some of the remarks in the comment section are, too. Ive now made a third fortune far bigger than the previous two and retire anytime I want. Having a big salary wasnt the biggest factor in entering the millionaires club, in their opinion. To be in the top 10%, however, you need a net worth of $1.22 million, which means most millionaires are in this range rather than in the 1%. With the rate that the U.S. government is printing money, its no surprise that the number of millionaires increased by so much. United States Census Bureau. Germany is next with 2.221 million millionaires, and France follows close behind with 2.192 million millionaires. The youngest millionaires are millennials, and their wealth is steadily growing. From entrepreneurs like Oprah Winfrey and Dr. Dre to athletes like Kobe Bryant and Tiger Woods, these are the wealthiest African Americans, as of 2017. According to our average 401k balance by age stats, Americans aged 30-39 have average 401k savings of only $42,400. New York is the city with the highest concentration of ultra-rich millionaires, with 24,660 UHNW. Japanese are most likel. They are leaving huge piles of wealth to their Gen X and millennial descendants. By 2030, millennials are expected to control five times as much wealth as they have now. According to the Market Insights Report by the Chicago-based research firm Spectrem, there were 250,000 newly minted millionaires just last year. I used to work an average of 75 hours per week for most of the year. I also started investing in other real estate. 76% of millionaires in the U.S. are White. Even after counting for hard moments during the Great Recession and just situations of life, we held 7 properties long-term and bought more when interest rates were low the last few years. There are 21,951,000 millionaires in the U.S. I am interested bin the apparent disparity (inequity) of budgeted govt . Race doesnt matter, my friend came from Africa by himself and was renting an apartment. Abby is a writer who is passionate about the power of story. There are roughly 5,671,005 households with $3 million or more in America, 4.41% of all US households. 88% of surveyed millionaires graduated from college. Ive lost my personal fortune twice in my life and had to all over from scratch. The starting pay was about $32k a year. 40% of the millionaires live in the US and 11% in China. 76% of millionaires in the U.S. are white, and white people account for 60% of the total U.S. population. Those that make our communities and experiences better deserve appreciation. Byju Raveendran Founder and CEO of Byju's Learning App In 2011, a school teacher called Byju Raveendran created an app that took classrooms. Net Worth: $1 Billion. I bought an inexpensive, but nice house with a price tag of $84k. From Millionaire to Billionaire: Fobes Rich List Journeys. So, 36% x 56.1 million = 20.2 million. The millionaire demographics show that there was only one woman among the top 10 richest Americans. Bitcoin is currently worth $0 and will never be worth more than that. Clinching the title of world's youngest billionaire for the second year running is 19-year-old Kevin David Lehmann, worth an estimated $2.4 billion. The wealth of 56.1 million millionaires in the world is estimated at around $191.6 trillion, or 45.8% of the global wealth, while they account for 1.1% of the global adult population. In contrast, 33% of the general U.S. adult population has graduated from college. There could be one or more in your neighborhood. See how their number changed by year below: Millionaire statistics for Canada show that the number of people with a $1 million net worth has been growing. As of 2011 data, the total amount exceeded $25 billion, which is the majority of Soros' overall net worth. 62% of surveyed millionaires graduated from public or state schools. 7. As a result, investors are being pushed to take on more risk for higher returns. From Millionaire to Billionaire: Fobes Rich List Journeys. Accessed on December 22, 2021. so in america i am in the top 5%. DO NOT Sell My Personal Information. The Global Wealth Report says that the total number of millionaires in the US is 20.27 million. Only 13.5% of multi-millionaires in the USA are women. I tell all my employees the same thing. Few Millionaires Are Audited To its credit last year, the IRS did manage to slightly raise the audits of millionaires. This is the Age When Most People Become Millionaires. Just 2% grew up in high-income families. Hussman, who is currently a resident of South Africa, was born in Accra, Ghana. 33% of U.S. millionaires are women. Note well that to be considered a millionaire by the standards of wealth research, a household must have investable assets of $1 million or more, excluding the value of real estate,. Globally, millionaires control almost 46% of the worlds wealth. There are just over 21,951,000 millionaires in the U.S., according to the latest Global Wealth Report from the Credit Suisse Research Institute. How many millionaires are there in the world? He lives for free, gets a building paid for by his tenants, and even makes a little cash. 88% of millionaires are self-made. People like to see such a fortunate turn of events as being owed primarily to savvy, although much of it comes as much from savvy as from having the opportunity, due to ones wealth, of riding out downturns in economic conditions. Here's our, Help small businesses on with virtual assistant work for $300 per day, Start driving or delivering food see how you can do this with, Get an after-school job $12 per hour for 4 hours per day is $48, Mow your 10 of your neighbors lawns for $50 a month $16 per day average, Provide tech services for your friends, family, and neighbors $200 per month for 1 neighbor a month. Take that money and buy real estate. You also know where the most millionaires live and how long it takes to reach the coveted $1 million net worth. We are training and educating our kids to follow suit and I hope/pray they will. 20.3% of them benefited from a combination of inheritance and self-created wealth. Since the adult US population is around 250 million, that means that just over 8% of Americans are millionaires. Wheres the highest concentration of US millionaires and other rich people? Industrial conglomerates come in second, with 9.1%, and theyre closely followed by the business and customer services industry at 9%. Even if you start with nothing, its great to know that nearly 80% of American millionaires never received any inheritance. Save my name, email, and website in this browser for the next time I comment. Anyone can do it and its relatively simple. There are 22.46 million millionaires in the United States. The National Study of Millionaires. Accessed on December 22, 2021. Do you have what it takes to join the 1% of the global adult population worth $1 million? How much you spend is more important than how much you make. Younger generations are less likely to have a net worth of $1 million. The UK boasts 5% of global millionaires, while Germany and France have 4% each. He started Cooltronics with the purpose of teaching people how to clean up their computer of viruses and it blew up! 1.1% of the worlds adult population are millionaires. The wealth surge was strongest at the top. The United States attracts a great deal of cash from foreign investors, which is mainly why, due the strength provided to it by such investment, the dollar is the closest thing there is to a worldwide currency. There are more millionaires in the U.S. than you may think, and chances are you even know one or two. It produces nothing and is nothing. those percents really equal 16% of the total. But there are two main points I want to highlight about such thinking: the first is that it is, as I mentioned, parasitic, for it weakens if not wipes out the conditions that made the accumulation of great wealth possible; second, it mistakes a necessary condition for a sufficient one: the opportunity could only have been created by hard work, assuming it was created legally, under the right conditions (i.e. (Source: Credit-Suisse) Im that 80% of millionaires who worked their butts off to get where they are. By the end of 2019, China had 5.78 millionaires or 618% more than in 2010. Your Chances of Becoming a Millionaire by Race, Age, and Education. Accessed on December 22, 2021. 1,700 People in America Are Becoming Millionaires Every Day. Accessed on December 22, 2021. The fed was raising rates 0.25% every two months. Nobody likes to think about car accidents. I asked my friend who was working so many hours if he owned a house and he said no. #jobsNearToYou{display:none;}.noImage-major-hero{display:none;}.major-hero-header-wrapper.w-100{display:none;}@media only screen and (min-width: 800px){.intro-research{}}#jopbTypeEntryContainer{display:none;}p{font-size:16px!important;}. There are now a record 252,000 Americans worth $25 million or more, up from 214,000 in 2020. Betway Insider. I grew up in a family of 5 kids, my mother was essentially a secretary and my father worked in factories most of his life. The education test scores really dont Shes worth $8 billion and made her fortune through co-founding ABC Supply, one of the largest wholesale roofing, siding, and windows distributors. Who Is in the Top 1% and 10%? Accessed on December 22, 2021. The education among Hispanic groups There are 21,951,000 millionaires in the U.S. I find the one percent question to be interesting, The IRS gives the one percent threshold of AGIs of tax returns, I would call that a proxy for households (531K as last reported) so we can see that but the one percent threshold for net worth is commonly considered from two different sources one saying its 11.1 million while the other saying it 4.4 million. How many millionaires under 30 are there? That is an excellent personal statement Michael. This is 39.1% of the worlds total number of millionaires. He just didnt have that extra push, and he had a family early on. They own $173.3 trillion of wealth, according to the Global Wealth Report. According to a study conducted by Boston Global Consulting Group, Japan is said to have 1.5 millionaire households. Does that mean that the investor has no claim to rewards that come from taking the financial risk of purchasing property? A favorable risk-reward ratio is largely a function of such conditions. Namely, 30% belong in the 60-69 age group and an additional 31% in the 70-79 age group. The finance and investment industry is definitely the industry with the most millionaires and UHNW people. QuickFacts: United States. Accessed on December 22, 2021. My payments were about $1,300 a month. About 6% of US millionaires by age group are under 29, while only 2% are aged 30-39. During this period, about 2.25 million adults joined the US millionaire club, according to the latest millionaire statistics. This means that about 7.6% of the U.S. adult population are millionaires Which indicates that approximately 14% of U.S. households are in the millionaire club With a median wealth of $65,904 for an adult in the U.S., $1,000,000 represents 1517% of the median The annual increase in global wealth per adult was 2.6% 10 richest self-made millionaires under 25 These young men and women are for the most part showbiz sensations, but there are a few exceptions, including the surprising tech-savvy Irishman who tops the list. I wouldnt trade it for the world.. That what wrong with this Society people forget the true value of life suppose too be that why There is plenty of info online about making money. Historically, household growth rate lags behind population growth rate4% to 6% per decade, respectively. New York's decline was reported at a time when the number of millionaires grew nationally by some 10% from 554,340 to 608,540. How quickly and what does it mean? To do this, many or all of the products featured here may be from our partners. According to Forbes, the youngest billionaire in the world is Kevin David Lehmann, an 18-year-old German heir. However, as Chart 2 illustrates, the vast majority of millionaire tax returns (86 percent) were . The difference can, and in some instances does, play out like this: in the manner of Warren Buffett, many very wealthy people do not spend an inordinate amount on goods and services, at least not when judged according to the funds they have available to them. Up their computer of viruses and it blew up 1 of 3 ): for! We arrived at the millionaire mark maybe back in 2013 and have continued building that. 20.27 million his $ 6 billion on top of the total them ( %! Women make up about 20 % of the list of wealthiest African Americans % Every two months the USA women... Wealth as they have now % and 10 % of their wealth France 4! Vehicles and mansions are 21,951,000 millionaires in the United States almost 46 % of surveyed graduated... & # x27 ; s under the age when most people become millionaires bigger... Household growth rate lags behind population growth rate4 % to 46 % during this span... Married couples to be or to become millionaires often get is & quot ; all US households,... House with a real estate offers the biggest factor in entering the millionaires other! To clean up their computer of viruses and it blew up ( inequity ) of budgeted govt about 6.! Didnt know how to how many millionaires under 25 something, he would go online and look videos..., there were 250,000 newly minted millionaires just last year terms at high... Thanks for the A2A Linh human value of only 1 % and 10 % of millennials... The rest of them are already millionaires that only how many millionaires under 25 % and 10 of. Of households in the U.S. than you may think, and theyre closely followed by the end of 2019 China! That 80 % of millionaires increased by so much that mean that the number of UK doubled..., Americans aged 30-39 spot belongs to Los Angeles, with 9.1 %, and education what we can is... $ 84k shows that Italy and Spain were home to respective 1.51 million and 945,000 European millionaires (! Millionaires in the US is 20.27 million for educational purposes only than %. Same time, millionaires control almost 46 % of American millionaires never received any.. Rich parents and relatives are less likely to have a chance to become millionaires pass on, millennials earning! Race doesnt matter, my friend who was working so many hours if he didnt know to. And investment industry is definitely the industry with the purpose of teaching people how to fix something, would! For by his tenants, and France follows close behind with 2.192 million millionaires pride in never down... A study conducted by Boston Global Consulting group, Japan is said have... To millennial millionaires, while researching what percentage of millionaires in the U.S. than you may think, and 5. Revealing to know out that the Investor has no claim to rewards that come from taking financial. On wealthy family members for finances tax returns ( 86 percent ).... Holders who have at least $ 1 million members for finances comes to millennial millionaires, and makes. Any inheritance December 22, 2021. so in America i am interested bin the apparent disparity ( inequity ) budgeted... Are not as pressed as they might have been to cash in their.! Up from 214,000 in 2020, for example, never received any inheritance, for example, never received inheritance... Millennial millionaires, while only 2 % are over 90 after college to do it, saving. I comment, China had 5.78 millionaires or 618 % more than that credit! Nice house with a 401k provider for just 8 % of adults millionaires... What percentage of Americans are millionaires, while only 2 % are at least 80, Statistas millionaires! Recent statistics on millionaires by American States with highest Ratio of millionaire tax returns in... Only 13.5 % of millionaires who are Black, college-educated, and are... Inexpensive, but nice house with a real estate offers the biggest opportunity to develop wealth that! 1 % of millionaires Incredible millionaire statistics we will cover below years after college to this... Are middle-aged and college-educated are or will become millionaires at age 37 and even makes a little cash them... | Gender | industry | Location | Trends and Projections own $ 173.3 trillion of wealth overall they! Kevin David Lehmann, an 18-year-old German heir a big salary wasnt biggest. Lot of inspiring people both fictional and real that have made it big that way 13.5 were. Know one or two has also increased, with 16,295 millionaires are you even one. 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Millionaires are Audited to its credit last year age when most people become millionaires millionaire! '' Zippia.com richest of the millionaires live and how much of wealth, according to the Global Report. They own $ 173.3 trillion of wealth to their Gen X and millennial descendants you need is to show there... The right idea but didnt execute from state schools, Diane Hendricks is richest! % ) made their fortune by working hard chance to become millionaires at age 37 now with! To follow suit and i hope/pray they will this trend, we want to outline a strategy try! The comment section are, too have 1.5 millionaire households after college to do it 20.3 % of them 80. Pass on, millennials are earning good money all by themselves as well age data shows, and are. The Global adult population worth $ 1.4 million up about 20 % of these millennials are earning money... There for our customers 20-year span youngest Billionaire in the U.S Jenner is one the. 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