The number of millionaires has boomed—here’s where your net worth ranks compared to others:
The U.S. leads the world in the number of millionaires. America has added 675,000 new millionaires over the past year, bringing its total to 18.6 million people. China added 158,000 new millionaires in this period, raising its total to 4.5 million.
For those focused on wealth, in addition to wanting to join the millionaires club, you’ll also desire to be part of the rarefied 1%. This is the top echelon of income earners. The most recent data available from the, reflects that you require a compensation of $515,371 in 2017 to join the ranks of the top 1%.
In the U.S., to join the high-end club of the 0.1%, you’d have to been paid about $2.4 million in 2017. For the truly ambitious, the 0.001%, which is comprised of about 1,433 people, you’d have to have earned $63.4 million. To put these numbers into perspective, if you made $41,740 you were in the 50th percentile. If you had a salary of around $145,135 you were listed in the top 10% and $208,053 took you into the into the 5% club.
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