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For those looking to have a more reasonable goal, a household net worth of $1.17 million will get you into the top 5%, and about $970,000 earning your household a spot in the top 10%.
The average wealth of the top 0.9% is around $21.83 million – while the top 0.1% have an approximate net worth of $158.65 million, according to Federal Reserve Economic data.
Here's a look at the minimum net worth needed to join the 1% in select countries as of the end of 2023: • Monaco: $12.88 million • Luxembourg: $10.83 million • Switzerland: $8.51 million
The main distinguishing feature of this class, which includes an estimated 1% of the population, is the source of income. While the vast majority of people and households derive their income from wages or salaries, those in the upper class derive their primary income from business profits, investments, and capital gains . [ 5 ]
But just the top 0.1 percent own 13.5 percent of the total wealth, giving them a stunning average of more than $158 million per household. ... While they may have a high net worth, they’re ...
Country % of income of the richest 1% Albania 8.2 Algeria 9.7 Angola 15.2 Australia 9.1 Austria 9.3 Bahrain 18.0 Belgium 7.8 Benin 17.5 Bosnia and Herzegovina 8.9
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
While the income of the top 1% varies, Forbes reported in 2023 that the bracket's minimum net worth is much higher — a cool $11.1 million.