Who owns most the wealth?
The top 1% holds $38.7 trillion in wealth. That's more than the combined wealth of America's middle class, a group many economists define as the middle 60% of households by income. Those households hold about 26% of all wealth. Low-income Americans, representing the bottom 20% by income, own about 3% of the wealth.
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth |
|---|---|---|
| #1 Bernard Arnault & family | $235.6 | LVMH |
| #2 Jeff Bezos | $192.8 | Amazon |
| #3 Elon Musk | $188.5 | Tesla, SpaceX |
| #4 Mark Zuckerberg | $169.8 |
The pyramid shows that: half of the world's net wealth belongs to the top 1%, top 10% of adults hold 85%, while the bottom 90% hold the remaining 15% of the world's total wealth, top 30% of adults hold 97% of the total wealth.
The richest 1% own almost half of the world's wealth, while the poorest half of the world own just 0.75% In fact, they have acquired nearly twice as much wealth in new money as the bottom 99% of the world's population.
In the U.S., it may take you $5.81 million to be in the top 1%, but it takes a minimum net worth of $30 million to be considered among the ultra-high net worth crowd. As of the end of 2023, this ultra-high net worth population is on the rise, reaching 626,000 globally, up from just over 600,000 a year earlier.
As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.
The Al Nahyan family, also referred to as the "House of Nahyan," is the richest family in the world. The leader of the family, Sheikh Mohammed bin Zayed Al Nahyan, is the ruler of Abu Dhabi and the President of the United Arab Emirates (UAE).
1,821,745 Households in the United States Have Investment Portfolios Worth $3,000,000 or More.
During the past decade, the richest 1 percent had captured around half of all new wealth. “Survival of the Richest” is published on the opening day of the World Economic Forum in Davos, Switzerland.
Additionally, statistics show that the top 2% of the United States population has a net worth of about $2.4 million. On the other hand, the top 5% wealthiest Americans have a net worth of just over $1 million. Therefore, about 2% of the population possesses enough wealth to meet the current definition of being rich.
Who owns $1 trillion?
No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount. The World Bank.
The Rothschild family is one of the oldest, wealthiest, and most storied families in history. With roots in banking, the family has continued to grow its wealth in a variety of businesses over the centuries, continuing to wield significant power and money. The Rothschild Archive. "Origins of the Business."
The world today has a large supply of millionaires and more than 1,000 billionaires, but the first trillionaire remains to emerge.
To join the club of the wealthiest citizens in the U.S., you'll need at least $5.8 million, up about 15% up from $5.1 million one year ago, according to global real estate company Knight Frank's 2024 Wealth Report.
The 95th percentile, with a net worth of $3.2 million, is considered wealthy, facilitating estate planning and possibly owning multiple homes. The top 1%, or the 99th percentile, has a net worth of $16.7 million and represents the very wealthy, who enjoy considerable financial freedom and luxury.
While having a net worth of about $2.2 million is seen as the benchmark for being rich in America, it's essential to remember that wealth is a subjective concept. Healthy financial habits and personal perspectives on money are crucial in defining and achieving wealth.
- Genghis Khan. 1206–1227. King of Mongol Empire. ...
- Zhao Xu. 1048–1085. ...
- Akbar, The Great. 1542–1605. ...
- Amenhotep III. 1388–1351 BC. ...
- Augustus Caesar. 63 BC-14 AD. ...
- King Solomon. 970–931 BCE. ...
- Mansa Mousa. 1280–1337.
We never would've thought in a million years we'd be alive to see the first quadrillionaire. We were wrong! That's right, an American man recently became the first person in the history of mankind to become a quadrillionaire.
quadrillionaire (plural quadrillionaires) Somebody whose wealth is greater than one quadrillion units of the local currency. quotations ▼ (by extension) An extremely wealthy person.
Princess Charlotte has been refered as "the richest kid in the world" due to her status as a member of the British royal family, which is one of the wealthiest and most prominent royal families in the world.
How rich are the Rockefellers?
By the time of his death in 1937, Rockefeller had given away roughly $11 billion in current dollars, and left the rest to his heirs. More than 200 of them, who carry on the tradition of giving through the $5.3 billion (net assets) Rockefeller Foundation, share an estimated $10.3 billion fortune today.
Another family has emerged as the richest dynasty in the world. For the first time, the House of Nahyan has joined Bloomberg's annual ranking of family fortunes, and done so at the very top. With a $305 billion fortune, the Al Nahyans of Abu Dhabi topped the Waltons of Walmart Inc. by a cool $45 billion.
It's definitely possible, but there are several factors to consider—including cost of living, the taxes you'll owe on your withdrawals, and how you want to live in retirement—when thinking about how much money you'll need to retire in the future.
The majority of retirees surveyed believe that they will need $1.46 million in the bank to retire comfortably, according to Northwestern Mutual's 2024 Planning & Progress Study. That's a 15% increase — which far outpaces the 3% to 5% inflation rate — over last year and is up 53% from 2020.
But if you have $4 million in savings, it's entirely possible to retire by age 55. Retiring early offers a lot of advantages.
