Millionaires in the United States -Statistics & Facts

The number of American households with assets of one million U.S. dollars or more has been steadily increasing in the over the last decade. About 4.78 million individuals in the United States had financial assets worth at least one million U.S. dollars in 2015, which was an increase of 1.66 million in comparison to 2009. While the millionaire population has been growing throughout the economic recovery, the strongest growth has been at the very top of the wealth ladder.

In 2016, a total of 70,430 individuals with net assets of at least 50 million U.S. dollars were residing in the United States. That is about 52 percent of the total number of ultra-high net worth individuals (UHNW) worldwide. Other aspects of the wealthy population are disproportionate as well. In 2014, about 87 percent of UHNW’s population in the United States was male. And, as stated in the data from 2013, about 76 percent of U.S. millionaires were White/Caucasian.

Millionaires’ self-perception of their financial status is rather ambiguous. As of 2015, only 4 percent of millionaires in the U.S. believed themselves to be wealthy or rich, while 44 percent described themselves as belonging to the middle class. In a 2015 poll on how U.S. millionaires had made their money, about 22 percent of the wealthy individuals stated that they had inherited the majority of their wealth, whereas 78 percent earned the majority of their wealth either through income from work, investment, and real estate or through the sale of their business.

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