How much money does it take to be rich? (Top 1% net worth from Wolff) | |
1962 | $6.4 million |
1983 | $9.4 million |
1989 | $12 million |
1998 | $13.4 million |
2001 | $15.4 million |
2004 | $16.8 million |
2007 | $19.2 million |
2009 | $14 million |
2010 | $16.4 million |
California High Income Earners . Adjusted Gross Income Number of People 1994 1996 $100,000-500,000 1,604,191 2,158,051 $500,000-$1 million 48,732 71,959 $1 to $5 million 21,105 35,904 $5 to $25 million 2,080 4,020 $25 million and over 131 376 ---------------------- High Net-Worth Americans . Net Worth(n) Number/Percent of U.S. Households 1995 1998 $1 million or more 3.0 million (3%) 4.1 million (4%) $10 million or more 190,000 (0.19%) 275,000 (0.27%) . . (n)Net worth is in constant 1995 dollars. . Sources: California Assembly Select Committee on the California Middle Class, June 1998 report; New York University economics professor Edward Wolff.