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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

CNBC U.S.
Thursday, January 15th  9p | 1a ET
Sunday, January 25th  Midnight ET

SHOW ANCHOR

David FaberDavid FaberDAVID FABER

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Current DateTime: 06:03:39 09 Jan 2009
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