Immigrant Roots of Mega Millionaires
Date: September 13, 2012
Millionaire Corner
September 13, 2012
First and second generation Americans make up a disproportionate share of the nation’s mega millionaire investors, according to the latest Millionaire Corner research, which tracks a high degree of upward mobility among Americans born in another country, or who have foreign-born parents.
Twelve percent of all Americans – about 36.7 million people – were born in another country, according to the most recent U.S. Census data. That share jumps to 18 percent for America’s mega millionaire investors, those with a net worth exceeding $125 million, according to our newly released study of investors with a net worth of $25 million or more.
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