As of late 2024/early 2025, there are approximately 2.3 million people globally with a net worth of $10 million or more, with the U.S. leading with over 900,000, followed by China and Japan, according to Knight Frank and other wealth reports. This "ultra-high-net-worth" (UHNW) group grew by about 4.4% globally in 2024, driven by strong financial markets.
* We have an average household net worth of $3.7 million. 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.
Generally, a liquid net worth of at least $1 million would make you a high net worth (HNW) individual. To reach a very high net worth status, you'd need a net worth of $5 million to $10 million. Individuals with a net worth of $30 million or more might qualify as ultra-high net worth.
What It Takes To Be in the Top 2% To land in the top 2% of U.S. households by net worth, most estimates place the threshold at around $5.5 million. This figure is based on 2022 data from the Federal Reserve's Survey of Consumer Finances, as interpreted and modeled by tools like DQYDJ's Net Worth Percentile Calculator.
Elon Musk on track to become first trillionaire.
Yes, Kim Kardashian is generally considered richer than Taylor Swift, though both are billionaires, with Kardashian often leading due to her successful businesses like SKIMS, while Swift's wealth comes from music, tours (like The Eras Tour), and films. Recent reports (late 2025) place Kardashian's net worth around $1.9 billion, slightly ahead of Swift's $1.6 billion, though these figures fluctuate.
In fact, reliable data suggests that households with $5 million or more in net worth represent a small fraction of the population. According to DQYDJ, in 2023, approximately 4.8 million American households had a net worth above $5 million, representing roughly 3.7% of all U.S. households.
Assuming long-term market returns stay more or less the same, the Rule of 72 tells us that you should be able to double your money every 7.2 years. So, after 7.2 years have passed, you'll have $200,000; after 14.4 years, $400,000; after 21.6 years, $800,000; and after 28.8 years, $1.6 million.
It's entirely possible to live off the interest earned by a $10 million portfolio, depending on your investment choices and how much you need. You should ensure that your lifestyle goals are in line with the income produced if you plan to make it through retirement without running out of money.
Adding some of these habits into your daily routine might help you get on track to becoming an everyday millionaire yourself!
A $10 million net worth places households in an even more exclusive category, with around 2.13 million households, or 1.62% of the total, meeting this benchmark. This level is just shy of the top 1%, which requires a net worth of approximately $13.7 million.
To join the wealthiest 1% in Canada, an individual requires about $7,210,000 USD (or approximately $9,963,458 CAD). Wealthy Canadians by Net Worth: High-Net-Worth Individuals (HNW): Around 764,033 Canadians (2% of the population) hold between $1 million and $5 million USD ($1.39 million – $6.95 million CAD)
Decamillionaire is a term used for someone with a net worth of over 10 million of a given currency, most often U.S. dollars, euros, or pounds sterling. The term decamillionaire is made up of two words, “deca” and “millionaire.” The word “deca” or “deka” is of Greek origin, meaning ten.
Data from the Federal Reserve's Survey of Consumer Finances, shows that only 4.7% of Americans have at least $1 million saved in retirement-specific accounts such as 401ks and IRAs. Just 1.8% have $2 million, and only 0.8% have saved $3 million or more.
Put aside just $13.70 per day, and at the end of the year you'll have $5,000; double that to $27.39 daily and you'll have $10,000 by year-end—and that doesn't include the interest you may earn. You can save money by making a budget, automating savings, reducing discretionary spending and seeking discounts.
Retiring at 62 on $400,000
This plan can work … sort of. At age 62, with $400,000 in a 401(k) account, you can generate a livable income depending on how you structure your portfolio and where you choose to live. Livable does not mean comfortable, however.
In 1957, Buffett, in a letter to limited partners, suggested that 70% of his company's capital was invested in stocks and 30% in corporate work-outs.
$5 million is enough to retire comfortably for most. At 61, it provides $172,414 annually ($14,368 monthly) for 29 years. Retiring earlier, like at 40, reduces distributions to $100,000 annually ($8,333 monthly). Lifestyle and spending habits ultimately determine if it's sufficient.
With over 905,000 individuals holding a net worth of $10 million or more, the United States continues to top the list as the world's primary wealth creator. Currently ranking 4th globally with 86,000 super-rich individuals, India's HNI population is among the fastest -growing in the world.
How Many Retirees Actually Have $4 Million Saved? The number of retirees with $4 million or more in savings is relatively small. Using data from the Federal Reserve's Survey of Consumer Finances (SCF), the Employee Benefits Research Institute estimates that only 4.7% have $1 million or more saved for retirement.
No, Oprah Winfrey is currently richer than Taylor Swift, with Oprah's net worth estimated around $3.1-$3.2 billion compared to Taylor Swift's $1.6 billion as of mid-2025, though Swift's wealth has surged due to her Eras Tour, placing her as the richest female musician but still behind Winfrey's overall media empire wealth.
Yes, Arnold Schwarzenegger is a billionaire', is a billionaire, with Forbes estimating his net worth at around $1.2 billion in 2025, earned through successful careers in bodybuilding, blockbuster movies (like Terminator), real estate, and smart business investments, including early stakes in companies like Google and Starbucks, as well as following advice from Warren Buffett.
Based on Forbes, American singer Taylor Swift is the wealthiest female musician, with a net worth of US$1.6 billion as of 2024. Barbadian singer Rihanna became the first female musician to attain a billionaire status in 2021, with a net worth of $1.7 billion at that time.