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.
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