Skip navigation
Symbol Lookup
All CNBC  |  News  |  Video


Untold Wealth: The Rise of the Super RichUntold Wealth: The Rise of the Super Rich

FAST FACTS

  • 2007 was the first year that making Forbes magazine's list of 400 richest Americans required more than $1 billion. (The cutoff was $1.3 billion.)
  • There are roughly 150,000 households in the United States with a net worth of at least $20 million.
  • In 2004, the last time the Fed provided data, there were 649,000 American households worth $10 million or more, a nearly 300 percent jump since 1992.
  • Most heads of wealthy households hold college degrees beyond a bachelor's degree.
  • Older women are wealthier and poorer simultaneously compared to older men. Older women (as a group) own more wealth than older men (as a group) but own less wealth, on average per individual, than do older men. Women live longer than men -- wives inherit husband's share of wealth more often than other way around and older women outnumber older men about 2:1.
  • About 51 percent of the individual giving and philanthropy is from the 10 percent of households in the highest income groups.
  • Over the past 5 years the business jet industry grew 85%
  • The earners in the top 1 percent in income distribution bracket make 20% of the money.
  • Private jet travel is the fastest growing luxury market segment. Over 15% of all flights in the U.S. are by private jet. There are more than 1,000 daily private jet flights in key markets such as South Florida, New York and Los Angeles.- (Elite Traveler Magazine).

SHOW TIMES


Current DateTime: 02:24:02 28 Nov 2009
LinksList Documentid: 31763242



SHOW ANCHOR

David FaberDavid FaberDAVID FABER

   Read Bio

SLIDE SHOWS


Current DateTime: 02:24:02 28 Nov 2009
LinksList Documentid: 25119795

RELATED LINKS

More

Current DateTime: 02:24:02 28 Nov 2009
LinksList Documentid: 25006741
  • Obsidian Enterprises

    Tim Durham's a private holding company that invests in small and mid cap companies in basic industries such as manufacturing and transportation.

  • Pimco

    One of the largest specialty fixed income managers in the world, with more than $800 billion in assets.

  • Investment Outlook by Bill Gross

    Articles by billionaire bond trader Bill Gross, Managing Director - Pimco.


CONTACT US

untoldwealth@cnbc.comuntoldwealth@cnbc.com  

Current DateTime: 01:01:49 28 Nov 2009
LinksList Documentid: 29778429

Current DateTime: 01:01:49 28 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:01:49 28 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:01:49 28 Nov 2009
LinksList Documentid: 29779197

Current DateTime: 01:01:49 28 Nov 2009
LinksList Documentid: 29779200

Current DateTime: 01:01:49 28 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:50 28 Nov 2009
LinksList Documentid: 29779198
CNBCCNBC
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters