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Your Chances of Becoming a Millionaire by Race, Age, and Education. United States Census Bureau. Smaller shares of adults within this population subgroup identify as Catholic (11%), or with other Christian denominations (4%) or non-Christian faiths (6%). 17. There was little variation across income groups, though the 90th percentile received the largest percentage gain. divId: 'div-gpt-ad-rightrail-1', the tool to beat, helping over 17 million customers find financial freedom. Besides English, other languages spoken by this part of the population ages 5 and older include French or Haitian Creole (3%), Spanish (1%) and Amharic and other Ethiopian languages (1%).2. This is 39.1% of the worlds 56.1 million total millionaires. There are 21,951,000 millionaires in the US. Pew Research Center does not take policy positions. Investments of high-net-worth individuals, Get the best reports to understand your industry. There are about 56.1 million millionaires globally. This large gap between white and Black families just starting out as homeowners may reflect different levels of parental wealth as Black families are much less likely to receive cash assistance from parents to meet down payment requirements. Buzzery, LLC NMLS ID # 2317173 NMLS Consumer Access, What can you learn about growing your wealth by taking a closer look at U.S. net worth statistics? According to the 2021 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $11.5 billion and was the world's richest black man. Broadcasting Hours: DW English. url: '', Regionally, the South is home to the highest concentration of the multiracial Black population in the U.S., with a plurality (42%) of the total as of 2021. } Similar shares of multiracial Black adults identify as Protestant (41%) or as religiously unaffiliated (38%). The terms multiracial, non-Hispanic Black and multiracial Black are used interchangeably throughout this fact sheet to refer to people who self-identify with two or more races and do not identify as Hispanic or Latino. White families held $93.55 trillion (84.2%), Black families held $4.43 trillion (3.99%), and Hispanic families held $2.58 trillion (2.32%). The U.S. Black population is young. FinanceBuzz and CardRatings may receive a commission from card issuers. The number of foreign-born members of this group has increased from 250,000 people in 2000, but their share of the multiracial Black population has decreased from 16% in 2000. Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion . These include positions in the C-suite such as CEO and CFOs as well as vice presidents. The nations Black population includes those who say their race is Black, either alone or in combination with other racial backgrounds.