U.S. Boasts 38% of the World’s Population of Centi-Millionaires (2024)

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U.S. Boasts 38% of the World’s Population of Centi-Millionaires? ›

The U.S. had 9,730 centi-millionaires, those who have at least US$100 million in investable assets, in 2022, accounting for 38% of the world's total of 25,490, according to a recent report from Henley & Partners, a London-based investment migration consultancy, in collaboration with New World Wealth, a global wealth ...

The U.S. is now home to 37% of the world's millionaires, up from 35% in 2018. The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China's 2,352. The U.S. has about 788 billionaires to China's 305.

The United States is home to by far the largest contingent of dollar millionaires: 22 million in 2023, representing 6.6 percent of the country's population. Next on this list is China with 6 million (0.4 percent of the population), while France completes the podium with 2.9 million (4.2 percent of the population).

The term 'centi-millionaires' refers to individuals with investable wealth of USD 100 million or more.

How many millionaires globally. According to Kiplinger, globally there are about 59 million millionaires. That number might actually be a bit lower if you factor in “inflation millionaires” – people who no longer would qualify once inflation was factored in.

Unsurprisingly, America also has the most centi-millionaires (9,850) and billionaires (788) as well. 🇺🇸 U.S. Note: Data current to December, 2023. Far behind the U.S. in all three metrics, China is the next country with the most millionaires (862,400) and billionaires (305).

90% of millionaires made their money in Real Estate. I became a millionaire without owning a single property. But I own 6 small businesses that make me $725k/year. Here's why I prefer buying businesses over Real Estate: -- 1) Cash Flow The average rental property in the U.S. cash flows ~$300-$500 (some even less).

Sometime around age 50, the average American can now expect a household net worth exceeding $1 million. How did so many 50-somethings become millionaires? Household wealth swelled at a record pace during the pandemic.

In the United States, the concept of being rich is often a subject of discussion, curiosity and, sometimes, aspiration. Charles Schwab's 2023 Modern Wealth Survey provides insights into this topic, revealing that the average American equates being wealthy with a net worth of approximately $2.2 million.

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​​.

Where do centi millionaires live? ›

(There are about 12 times as many “centis” as billionaires; it's lonely at the very top.) New York, the Bay Area, and Los Angeles boast the largest centi populations worldwide. But cities in China, India, and the Middle East are catching up fast as their economies expand.

As of today, no billionaire is within striking distance of becoming a trillionaire.

Of course, some of our cohorts have accumulated much more. Nearly 6 percent have a net worth of over $10 million. Again, these people skew our average upward. The typical (median, or 50th percentile) millionaire household has a net worth of $1.6 million.

The average age of a billionaire may be 66 but a lucky few reach the milestone before they even hit 30. However, these individuals won't be able to claim any credit for their fortunes—every billionaire on earth under the age of 30 inherited their wealth.

Including primary home equity, $10 million net worth is in the 98.5 percentile in 2016, or around 629,908 households. Given the average of a little less than 3 people (2.58 people) per household, 1,625,162 Americans roughly. Not including primary home equity, that number goes down to the top 1 percentile.

This graphic shows where the planet's 28,420 centimillionaires—people with $100 million or more in investable assets—are most likely to cluster, and how fast each city's ranks of the rich are projected to grow. (There are about 12 times as many “centis” as billionaires; it's lonely at the very top.)

Americans need $5 million to join the 1%. But it requires a lot more money in several other countries. Luxury yachts in the Monaco's harbor. If you want to join Monaco's richest 1%, you'll need an eight-figure fortune.

According to the MacroMonitor, by 2022-23, the number of U.S. households with $3 million or more in financial assets represents 3.2% of all households, totaling 4.6 million.