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CEOWORLD magazine - Latest - Success and Leadership - The Richest 1% Of U.S. Households Saw Their Net Worth Rise By $4 trillion

Success and Leadership

The Richest 1% Of U.S. Households Saw Their Net Worth Rise By $4 trillion

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajSuccess and Leadership

The richest 1% of Americans saw their net worth rise by $4 trillion in 2020 (or captured about 35.2% of the extra wealth generated nationwide), according to the latest data available from the U.S. Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains ($470.6 billion).

Widening wealth gaps: Richest U.S. households took the majority of the overall gains in 2020

  1. Top 1%
    Annual change: $4,028.3 billion
    Share: 35.2%
  2. Next 9%
    Annual change: $3,978.8 billion
    Share: 34.8%
  3. Next 40%
    Annual change: $2,969.2 billion
    Share: 25.9%
  4. Bottom 50%
    Annual change: $470.6 billion
    Share: 4.1%

Note: Number of households represented by the top 1% 1,277,564, next 9% 11,509,938, next 40% 51,158,278, bottom 50% 63,949,595.

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CEOWORLD magazine - Latest - Success and Leadership - The Richest 1% Of U.S. Households Saw Their Net Worth Rise By $4 trillion
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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.
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