Joining the 1% Now Requires $5.8 Million as Wealth Gap Widens

To join the 1% in the U.S. now requires having a net worth of at least $5.8 million, a 15% increase from last year.

Monaco has the highest threshold to join the 1% at $12.8 million, followed by Luxembourg, Switzerland, the U.S., and Singapore.

The gap between rich and poor countries is widening, with Monaco's GDP per capita over 900 times that of Burundi.

The 500 richest people in the world added $1.5 trillion to their collective wealth in 2023, led by Elon Musk who added $95.4 billion.

If current trends continue, the 1% will likely continue to gain wealth in coming years.