Private wealth management in the United States - statistics & facts
The level of private wealth in the United States has continued to rise, reaching exponential levels in recent years. This concentration of wealth has led to a new level of economic power and influence. Private wealth has been driven by prosperous domestic markets ( and NASDAQ), technological innovation, and entrepreneurial success; in turn, the number of millionaires and billionaires has soared. As of 2024, there were over 20 million individuals falling into the category of , making it the country with the highest concentration of private wealth globally. This dramatic increase in wealth has not only transformed individual lives but has also significantly impacted on the development of the wealth management industry.
