How much wealth you need to join the richest 1%

(Image: Bloomberg)

Thu, 29 Feb 2024

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...

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