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The total amount of money held by millionaires can equal the amount of money held by a far higher number of poor people. The Gini coefficient, and other measures in economics, estimated for each country, are useful for determining how many of the poorest people have the equivalent total wealth of the few richest in the country.
Image source: Getty Images. According to a report by the Swiss bank UBS, 6.6% of us living in the U.S. are millionaires. But if you're not born into a wealthy family, how can you make it happen ...
Becoming a millionaire might seem out of reach for many Americans. Yet, for one age group, this reality is not too far-fetched. Indeed, people in their 50s have an average net worth of ...
Numbers of US dollar millionaires by world region per Credit Suisse (2022) [2] Rank Region Numbers (in thousands) Percentage of world total numbers As percentage of total adult population - World 62,489 100.0 1.1 1 Northern America: 26,778 41.9 9.5 2 Europe: 16,696 26.7 2.8 3 Asia-Pacific: 10,755 17.2 0.8 4 China: 6,190 9.9 0.6 5 Latin America ...
Read "The Millionaire Mind" and learn more about how the wealthy attain and keep their wealth with this must-read.
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [6] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
There are over 22 million millionaires in America, which means that roughly 1 in 15 Americans are millionaires, per the 2024 UBS Global Wealth Report. The report also shared that the millionaire ...
Rather, most people reach millionaire status after a long period of time where they consistently make smart financial choices. Next Steps. According to Ramsey, if someone wants to become a ...