There are now 1 million Americans who are worth $5 million each
America's millionaire class is expanding rapidly. In just five years, the number of households whose investable assets totaled more than $1 million jumped 41.5 percent, from 4,797,879 millionaires in 2010 to 6,789,666 millionaires in 2015. Moreover, the growth spreads out across every level of the wealth pyramid, Barron's reports. For example, the number of households that crossed the $20 million mark soared a remarkable 64 percent in that time frame. And in a historical first, more than 1 million Americans can be considered penta millionaires, meaning their assets surpass $5 million total.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Kelly Gonsalves is a sex and culture writer exploring love, lust, identity, and feminism. Her work has appeared at Bustle, Cosmopolitan, Marie Claire, and more, and she previously worked as an associate editor for The Week. She's obsessed with badass ladies doing badass things, wellness movements, and very bad rom-coms.
-
Wilde Cambridge: home-away-from-home in a prime city spotThe Week Recommends This laid-back aparthotel is the perfect base for a weekend of exploring
-
The best alcohol-free alternatives for Dry JanuaryThe Week Recommends Whether emerging from a boozy Christmas, or seeking a change in 2026, here are some of the best non-alcoholic beers, wines and spirits to enjoy
-
A lemon-shaped exoplanet is squeezing what we know about planet formationUnder the radar It may be made from a former star
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
