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In the land of opportunity, where fortunes can be made and lost, the question of whether you’re considered poor, middle-class, or wealthy is complex. It’s not just about the numbers in your ...
The Bloomberg Billionaires Index, launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. [ 3 ] [ 4 ] [ 5 ] It features a profile of each billionaire, and includes a tool that allows users to compare the fortunes of multiple billionaires.
Here’s what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you .
What qualifies as "rich" depends heavily on where you live. Income doesn't stretch the same way in every state and living costs play a major role. In Massachusetts, for instance, you'd need to ...
Others only consider you to be rich if you have a high net worth, which means the value of your assets (like your home and other property) far exceed your liabilities (like credit card debt).
It is based on an annual assessment of wealth and assets by Forbes and by data from the Bloomberg Billionaires Index. The Forbes 400 Richest Americans list has been published annually since 1982. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1]
Bloomberg spent the next twenty years as its chairman and CEO. As of April 2024, Forbes ranked him as the thirteenth-richest person in the world, with an estimated net worth of US$106.2 billion. [4] Bloomberg, who has signed the Giving Pledge, has given away $17.4 billion to philanthropic causes in his lifetime. [5]
Even if you’re squeaking into the upper class (the 80-90% range), you’re looking at about $793,000. Moving down to the middle class , things get a bit more varied.