How Many People Have 10 Million Dollars in the US
As of the latest public data, the United States has approximately 2.4 million households with investable assets of 10 million dollars or more, according to research from the Spectrem Group and reports cited by Forbes. This group represents the top tier of American wealth and is often used as a benchmark for high-net-worth individuals.
The number of people with 10 million dollars in the US has grown steadily over the past decade, driven by stock market gains, private equity, and real estate appreciation. The Federal Reserve's Survey of Consumer Finances and the Knight Frank Wealth Report confirm that the US holds the largest share of global millionaires and ultra-high-net-worth households.
Who Makes Up the 10 Million Dollar Wealth Group
Most households in this tier are business owners, executives, and inheritors of family wealth, with a growing share coming from technology, finance, and healthcare sectors. According to the Forbes World's Billionaires List and related analyses, many of the individuals with 10 million dollars or more in the US built their wealth through founding or leading companies like Tesla and SpaceX.
Demographically, this group skews older, male, and concentrated in states such as California, New York, Texas, and Florida. The IRS Statistics of Income and the Federal Reserve's Distributional Financial Accounts show that the top 1 percent of US households by net worth hold a disproportionate share of financial assets and business equity.
How 10 Million Dollars Compares to Other Wealth Thresholds
In the US, a net worth of 10 million dollars places a household well above the median and even above the top 1 percent cutoff, which is roughly 10 to 12 million dollars depending on the year and data source. The Securities and Exchange Commission's reports on accredited investors use similar thresholds to define sophisticated investors eligible for private placements.
Compared to the global landscape, the US has the highest absolute number of individuals with 10 million dollars or more, ahead of China, Japan, Germany, and the United Kingdom. The Credit Suisse Global Wealth Report and the Knight Frank Wealth Report consistently rank the US first in ultra-high-net-worth population, with the majority of these individuals holding a significant portion of their wealth in publicly traded equities and private business interests.