Today, the share of wealth held by the richest 0.1% is currently at its peak, with households in the highest rung having a minimum of $38 million in wealth. Overall, roughly 131,000 households fall into this elite wealth bracket.
With $20 trillion in wealth, the top 0.1% earn on average $3.3 million in income each year.
The greatest share of their wealth is held in corporate equities and mutual funds, which make up over one-third of their assets. Since 1990, their total share of wealth has grown from from 9% to 14% in 2023 — the biggest jump across all wealth brackets.
In fact, the richest 0.1% and 1% were the only two rungs to see their share increase since 1990.
Overall, the top 10% richest own more than the bottom 90% combined, with $95 trillion in wealth.