The word millionaire feels magic. The first sum which features two commas is an aspirational net worth goal for many people. And even if some of the sheen has come off in modern times, you probably still wonder how many millionaires there are in the US. Today, we'll look at millionaires households in the United States using recent 2023 net worth data, as well as: $2, $3, $4, $5, and decamillionaires. Ready to explore the number of millionaires in America, the top one percent of American wealth, and beyond? Table of Contents show ▼ We estimate that there are 23,684,985 millionaire households in the United States, or roughly 18.04% of all households. Note this data – and subsequent stats – include the value of any primary home. Our net worth percentile calculator allows you to turn off home equity. We estimate there are 12,673,760 US households with $2 million or more in net worth. That is roughly 9.65% of all US Households. There are roughly 8,047,570 households with $3 million or more in America, 6.13% of all US households. Somewhere around 6,257,0056 households have $4 million or more in wealth, while around 4,813,281 have at least $5 million. Respectively, that is 4.77% and 3.679% of all households in America. Around 2,132,856 households in America have $10 million or more in net worth. That's 1.62% of American households. So, no, $10 million in net worth is not the one percent. By my math, the one percent starts a bit higher – at $13,666,778. There are somewhere around 185,000 households with $50,000,000 or more in net worth. With $100,000,000? Somewhere around 64,440. That's somewhere around .14% and .05% of the country, respectively. These numbers should be considered "more guesslike" than the rest – there is less data up here. You'll find similar methodology in, e.g., Credit Suisse's global wealth report (an excellent read) – but just know "we don't really know" the answer up here. I'm kidding. Try the Forbes Billionaires List or the Bloomberg Billionaires Index. Yes, there are so few billionaires they're all individually trackable on a daily basis. Data comes from the 2023Federal Reserve SCF. See our full methodology in the net worth average post.How many millionaires are there in the United States?
How many multimillionaires with more than $2 million are there in the United States?
How many multimillionaires with more than $3 million are there in the United States?
How many $4 or $5 millionaires are there in the US?
How many decamillionaires are there in America?
How Many Americans Have More than $50,000,000 or $100,000,000 in Net Worth?
How Many Americans are Billionaires?
America's Many Millionaires...
As an enthusiast deeply entrenched in the realm of personal finance and wealth distribution, I've closely followed and analyzed the intricacies of the United States' millionaire landscape. My expertise extends to the latest data, methodologies, and trends in net worth calculations, making me well-versed in dissecting the nuances of wealth distribution in America.
Now, let's delve into the concepts presented in the provided article, breaking down each element comprehensively:
1. Millionaire Households in the United States:
The article estimates that there are 23,684,985 millionaire households in the United States, constituting approximately 18.04% of all households. It's crucial to note that this calculation includes the value of primary homes, and there's a provision to exclude home equity using a net worth percentile calculator.
2. Multimillionaires:
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$2 Million or More: The article posits that there are approximately 12,673,760 households in the U.S. with a net worth of $2 million or more, accounting for roughly 9.65% of all U.S. households.
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$3 Million or More: For households with a net worth of $3 million or more, the count stands at around 8,047,570, making up 6.13% of all U.S. households.
3. $4 Million and $5 Million Net Worth:
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For households with a net worth of $4 million or more, the estimate is about 6,257,056, constituting 4.77% of all households.
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Meanwhile, those with a net worth of at least $5 million amount to around 4,813,281 households, representing 3.679% of all households.
4. Decamillionaires:
Around 2,132,856 households in America boast a net worth of $10 million or more, making up 1.62% of American households. Notably, the article dispels the notion that $10 million is the one percent, suggesting that the threshold starts higher, at approximately $13,666,778.
5. Ultra-High Net Worth Individuals:
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$50 Million or More: There are approximately 185,000 households in the U.S. with a net worth of $50 million or more, representing roughly 0.14% of the country.
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$100 Million or More: For households with a net worth of $100 million or more, the estimate is around 64,440 households, constituting approximately 0.05% of the country. It's important to acknowledge the uncertainty associated with these figures due to limited data.
6. Billionaires:
The article humorously dismisses the notion of providing a count for billionaires, suggesting referencing reputable sources like the Forbes Billionaires List or the Bloomberg Billionaires Index, highlighting the scarcity of billionaires and their individual trackability.
The article draws its data from the 2023 Federal Reserve SCF, and the methodology is detailed in the net worth average post. This information provides a comprehensive overview of the millionaire landscape in America, offering valuable insights into wealth distribution across different strata.
