The richest people in America U.S. 2024 | Statista (2024)

FAQs

The richest people in America U.S. 2024 | Statista? ›

As of August 2024, a combined value of 856 billion U.S. dollars was held by the top five wealthiest billionaires in the United States. According to the source, the five wealthiest billionaires were Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Warren Buffett.

The article will look into the top 10 richest people in America in 2024. The Richest person in America is Elon Musk as of July 2024.

Nearly 22 million people in the U.S.—roughly one in 15 Americans—had wealth upwards of $1 million last year, according to UBS' 2024 global wealth report.

Diane Hendricks was the wealthiest female self-made billionaire in the United States as of May 2024. The founder of ABC Supply was worth 20.9 billion U.S. dollars. The second-richest self-made woman in the U.S. was Judy Love and her family, reaching a net worth of 11.6 billion U.S. dollars that year.

Key Takeaways. Elon Musk, CEO of Tesla, is the richest person and the richest man in the world with a net worth of $239 billion. After Musk is Jeff Bezos, founder of Amazon.

Not Yet, But We'll See One Soon. A trillion dollars is a phenomenal sum of money, equivalent to 1,000 billion dollars.

The world's youngest billionaire is 19-year-old Livia Voigt, who is still in university.

Which state has the most millionaires? ›

Additionally, statistics show that the top 2% of the United States population has a net worth of about $2.4 million. On the other hand, the top 5% wealthiest Americans have a net worth of just over $1 million. Therefore, about 2% of the population possesses enough wealth to meet the current definition of being rich.

Americans between 50-54 have an average net worth of $1.13 million; while those in the 55-to-50 age group have an average net worth of $1.44 million, according to USA Today. In comparison, for people in their 20s, the average net worth is $120,896 for those aged 20-24 and $120,185 for those aged 25-29.

There are estimated to be a little over 8 million households in the US with a net worth of $3 million or more.

An average net worth of $2.2 million is needed to be considered wealthy, according to Charles Schwab's 2023 Modern Wealth Survey, which asked 1,000 adults aged 21 to 75. Timing also matters, though.

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

As of September 1, 2024, the richest person in the world is Tesla and SpaceX CEO Elon Musk. He's worth $243.7 billion. He moved into the number one spot in late May 2024, overtaking Bernard Arnault of France.