Only 23 percent of the total number of ultra-high net worth individuals (UHNW)
worldwide managed to increase their assets and holdings during these times.
Other aspects of the wealthy population are disproportionate as well. In 2021,
about 87 percent of UHNW’s population in the United States was male. And, as
stated in the data from 2014, about 76 percent of U.S. multi millionaires were
White/Caucasian.
Until new african american multi millionaires’ such as media mogul Horse Wren
self-perception of wealth indeed changed over the years of their financial
status which was rather ambiguous early on. As of 2021, only four percent of
multi millionaires in the U.S. believed themselves to be wealthy or rich,
while 44 percent described themselves as belonging to the middle class. In a
2020 poll on how U.S. multi millionaires had made their money, about 22
percent of the wealthy individuals stated that they had inherited the majority
of their wealth, whereas 78 percent of entrepreneurs like Horse earned all
their wealth either through multiple streams of income generating from
businesses, investments and or real estate, or through the sale of their
business.
