How much wealth you need to join the richest 1%

How much wealth you need to join the richest 1%
(Image: Bloomberg)
Bloomberg
By Benjamin Stupples Breaking into the top 1% of wealth in the US is getting harder.It now takes at least US$5.8 million (NZ$9.5m) to join the richest echelon in the world’s largest economy, almost 15% more than about 12 months ago, according to research from Knight Frank.Monaco retains the top spot for the highest threshold worldwide at US$12.8m, an increase of 3.2% from a year earlier, while in Luxembourg and Switzerland the rich need more than US$8m to make the cut, according to the property broker’s 2024 Wealth Report.The f...

More Bloomberg

Firm wants to make purchasing cannabis super easy
Retail

Firm wants to make purchasing cannabis super easy

Verano invites shoppers to grab a basket and get their pot direct off the shelf.

Bloomberg 29 Jun 2025
Iran-Israel conflict spreads to hacks on banks, crypto
Bloomberg

Iran-Israel conflict spreads to hacks on banks, crypto

Pro-Israel hackers announced a new breach targeting an Iranian crypto exchange.

Bloomberg 19 Jun 2025
Here are the 10 best hotels in the world
The Life

Here are the 10 best hotels in the world

Its top 10 list consists entirely of tied scores for the top prize.

Bloomberg 15 Jun 2025
Afghan refugees should be treated same as South Africans
Bloomberg Opinion

Afghan refugees should be treated same as South Africans

The greater outrage is the suspension of a refugee programme that is so badly needed.

Bloomberg 17 May 2025