In 1900 there were fewer than 5,000 Millionaires in the United States. According to Forbes.com today there are nearly 8.4 million Millionaires and 413 Billionaires.
But I think we are frequently mistaken about how people get to be
millionaires in America.
Here is a list of how people accumulate wealth in America.
- 74% Self-Owned Business. This includes typical entrepreneurs, eaglepreneurs, real estate agents, etc. You don’t have to reinvent the wheel or patent something to be very successful. Three of the most common millionaire producing businesses in the United States are dry cleaning, vending and printing.
- 10% Senior Executive Positions. People like Bob Iger, CEO of Walt Disney who was paid $53.3 million in 2011. In today’s work environment, longevity and seniority are not necessarily going to be rewarded. Results are what get noticed, so these senior executive positions may be filled with a newcomer. CEOs, CFOs, and other senior positions may be attained quickly if one can prove his/her ability to get the job done, however, there is little traditional “security” in any of these positions.





















