Eric Siu and Noah estimate how many U.S. households have over $30 million in net worth. They guess between 600,000 and 1.3 million families out of 133 million total households, citing the Wall Street Journal. The takeaway: ultra-wealthy families are far rarer than social media makes them seem.
How many families are worth over $30 million in the United States? Guess. 133 million households. Okay, so I would guess over $30 million, 5 million, 4 million? 5 million households? 4 million, let's go with 4 million households. Okay. That goes over $30 million. Noah, how many households, there's 133 million households in the United States, are worth over $30 million? Just throw a number out there, it's okay. 1% of that, maybe. 1% of that. So that's like 1.3 million, right? Yes. Call that. Okay. 600,000. It's not as big as All the things that we see on Insta— this is from Wall Street Journal. Wow. All the big things that we see, like the flashiness on Instagram or whatever, it's just not true, right? It's a very small world, and then only a subset of that is worth over like $100 million or so. So it's a very small number. That's much smaller than I thought. Yeah.
