Transcript
A (0:00)
For the ones who get it done, the most important part is the one you need now. And the best partner is the one who can deliver. That's why millions of maintenance and repair pros trust Grainger because we have professional grade supplies for every industry, even hard to find products. And we have same day pickup and next day delivery on most orders. But most importantly, we have an unwavering commitment to help keep you up and running. Call clickgrainger.com or just stop by Granger for the ones who get it done.
B (0:30)
This is Scott Becker with the Becker Private equity and business podcast. Today's discussion is net worth in America. So there's a tweet on in today's or yesterday's Twitter ax that says the net worth breakdown by percentile. So it essentially says the top 1%. 12 million or above 11.6 million. And above the top 2%, 2.7 million. The top 5%. You're basically a millionaire. 1.17. The top 10%. 970,000. In the top 50%, 580,000. Now I have no idea if those numbers are correct or not. What I do know is there's probably 40% of people in our country that have almost nothing. And that is itself a shame. I don't have an answer to that. But, but, but it's not redistributing money, but the, actually these numbers are probably right. The other stat that I know is that there's about 30 to 60,000 centa millionaires in the United States, of which about a third of those. Oh, excuse me, in the world. Of which about a third of those centimillionaires people worth a hundred million or more are in the United States. So anywhere between 10 to 20,000 people, people and so forth have families or households that are worth 100 million plus. And I, I've always said the top 1%. Closer to 15 million with the stats I looked at a long time ago. But this breakdown says 11.6 million. Again, I, I find these sets always fascinating. You know, when somebody says they're, they're poor, but they're in the top 5%, in the big scheme of things, they've got it pretty good. And of course, poor in financial health is almost always in the eye of the beholder because some people think they're poor, whereby anybody else's standards, they would be very rich. Other people think they're rich, but by the next guy's standards they're quite poor. So no easy answer on a lot of this stuff, but thank you for listening to the Becker Private Equity Business podcast again, about 60,000 people in the world worth $100 million or more. About a third of those in the United States. Top 1% by these stats, around 11.6 million. I thought it was a little bit higher. Top 2% 2.7 million. Top 5% 1 point. Top 10% 970,000 and top 50% 585,000. I know these numbers are right or wrong. It's probably directionally accurate. Thank you for listening to the Beckham Private Equity Business Podcast.