Joining the World's Richest 1% Requires More Wealth Than Ever, Report Finds
Monaco leads with the highest entry threshold, as millennials stand to inherit unprecedented wealth.
- The threshold to join the world's richest 1% has increased, now requiring at least $5.8 million in the U.S., up from $5.1 million last year.
- Monaco has the highest entry requirement for the top 1% globally, at $12.9 million.
- A significant wealth transfer is expected in the U.S. over the next two decades, with $90 trillion moving to younger generations, potentially making millennials the richest generation in history.
- The number of ultra-high-net-worth individuals (UHNWIs), with a net worth of at least $30 million, increased by 4.2% last year.
- Wealth disparities between countries are widening, with rebounding markets in the U.S. and other Western nations exacerbating the gap between rich and poor countries.