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How Many Millionaires Are There in America?

September 30th, 2020 by 
PK

The word millionaire feels magic. The first sum which features two commas is an aspirational net worth goal for many people. And even if some of the sheen has come off in modern times, you probably still wonder how many millionaires there are in the US.

Today, we'll look at millionaires households in the United States using recent 2020 net worth data, as well as: $2, $3, $4, $5, and decamillionaires.

Ready to explore the top one percent of American wealth - and beyond?

How many millionaires are there in the United States?

We estimate that there are 15,298,070 millionaire households in the United States, or roughly 11.89% of all households.

Note this data – and subsequent stats – include the value of any primary home. Our net worth percentile calculator allows you to turn off home equity.

How many multimillionaires with more than $2 million are there in the United States?

We estimate there are 8,046,080 US households with $2 million or more in net worth. That is roughly 6.25% of all US Households.

How many multimillionaires with more than $3 million are there in the United States?

There are roughly 5,671,005 households with $3 million or more in America, 4.41% of all US households.

How many $4 or $5 millionaires are there in the US?

Somewhere around 4,473,836 households have $4 million or more in wealth, while around 3,592,054 have at least $5 million. Respectively, that is 3.48% and 2.79% of all households in America.

How many decamillionaires are there in America?

Around 1,456,336 households in America have $10 million or more in net worth. That's 1.13% of American households.

So, no, $10 million in net worth is not the one percent. By my math, the one percent starts a bit higher – at $11,099,166.

How Many Americans Have More than $50,000,000 or $100,000,000 in Net Worth?

There are somewhere around 97,287 households with $50,000,000 or more in net worth. With $100,000,000? Somewhere around 34,507. That's somewhere around .07% and .03% of the country, respectively.

Some caution: These numbers should be considered "more guesslike" than the rest – there is just less data up here. You'll find similar methodology in, e.g., Credit Suisse's global wealth report (an excellent read) – but just know "we don't really know" the answer up here.

How Many Americans are Billionaires?

I'm kidding.

Try the Forbes Billionaires List or the Bloomberg Billionaires Index. Yes, there are so few billionaires they're all individually trackable on a daily basis.

America's Many Millionaires...

Data comes from the 2019 Federal Reserve SCF. See our full methodology in the net worth average post.

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