wsj.com
According to data from Forbes, there were 2,781 billionaires worldwide as of March. The combined net worth of U.S. billionaires totals $5.7 trillion, more than any other country. China’s billionaires rank second, worth $1.3 trillion, and India’s billionaires rank third at $954 billion.
Ambani Wedding Puts 'Crazy Rich Indians' in the Spotlight - WSJ
One key insight into these very high income households is they do best in bubble booms, like the 1920s where they controlled up to 45 percent of net worth, and the 1990s and 2000s, where they reached closer to 40 percent (although some studies found their assets reaching as high as 45 to 47 percent in recent peak years). (See Figure 1-18.)
Harry S. Dent Jr. • The Demographic Cliff
The threshold to be in the top 1 percent was about $600,000 per year, according to a SmartAsset study in 2022.18
Scott Trench • Set for Life: An All-Out Approach to Early Financial Freedom
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Forbes magazine says that the richest eighty-six people in the world now own the same amount of wealth as half the world (3.5 billion).