PubertyMaxxer
Face, Height, Frame, Dick
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I can find alot of information of people with a net worth of 1-5 million $
Those are executives/management, legal professionals, medical professionals, financial professionals, engineers and coders. They are at the top of their specialty, work hard and invest smart.
But there is virtually NO information about the most common business activity of UHNWI aka net worth north of 30 million $
Obviously all of them derive their net worth from scalable business models
Smith, Yagan, Zidar, and Zwick find that the 1 percent’s income is being driven by owner-managers, mostly of small and medium-sized companies—specifically S corporations, partnerships, and limited liability companies. These are talented managers: the researchers find that profits of companies run by these 1 percent-ers are far higher than those of businesses owned by people in the top 5-–10 percent. In the researchers’ sample, when these businesses’ owners died prematurely, while still running their companies, profits plunged by more than half.
The average company in the top 1 percent of income has $7 million in sales and 57 employees, according to the research. “If that firm has, say, a 10 percent profit margin to split between two owners, it’s enough to put someone in the top 1 percent category,” says Zwick. The businesses earning the most profits in the bulk of the top 1 percent were physicians’ and dentists’ offices, professional and technical services, specialty trade contractors, and legal services.
In the top 0.1 percent, physicians’ offices ranked only sixth in profits—behind managements of private companies, financial and investment activities, auto dealers, professional and technical services, and oil and gas extraction.
“finance and insurance is by far the most highly represented industry among the highest earners,” find Guvenen and Kaplan, who looked at the 0.1 percent. In the rest of the 1 percent, health care is the most represented sector.
Technology, from the internet to media such as ESPN and Bloomberg terminals, has given elite athletes, entertainers, entrepreneurs, and financiers the ability to profit on a much larger, global scale, making the fruits of their labor more valuable than what previous superstars, such as, say, Pelé or Babe Ruth, brought in. Ruth’s peak salary of $80,000 would be worth about $1.1 million in 2016 dollars, around one-thirtieth of the $33 million the highest-paid Major League Baseball player, pitcher Clayton Kershaw of the Los Angeles Dodgers, made in salary alone in 2016.
Although they constitute only 0.003% of the world's population (less than 1 in 33,000), they hold 13% of the world's total wealth.[3] By 2017, there were 226,450 individuals designated as UHNWI, representing an increase of 3.5%, with their combined total wealth increasing to $27 trillion
Honestly it would be extremely interesting to find out what kind of businesses those UHNWI own. The number is extremely high.
Those are executives/management, legal professionals, medical professionals, financial professionals, engineers and coders. They are at the top of their specialty, work hard and invest smart.
But there is virtually NO information about the most common business activity of UHNWI aka net worth north of 30 million $
Obviously all of them derive their net worth from scalable business models
Smith, Yagan, Zidar, and Zwick find that the 1 percent’s income is being driven by owner-managers, mostly of small and medium-sized companies—specifically S corporations, partnerships, and limited liability companies. These are talented managers: the researchers find that profits of companies run by these 1 percent-ers are far higher than those of businesses owned by people in the top 5-–10 percent. In the researchers’ sample, when these businesses’ owners died prematurely, while still running their companies, profits plunged by more than half.
The average company in the top 1 percent of income has $7 million in sales and 57 employees, according to the research. “If that firm has, say, a 10 percent profit margin to split between two owners, it’s enough to put someone in the top 1 percent category,” says Zwick. The businesses earning the most profits in the bulk of the top 1 percent were physicians’ and dentists’ offices, professional and technical services, specialty trade contractors, and legal services.
In the top 0.1 percent, physicians’ offices ranked only sixth in profits—behind managements of private companies, financial and investment activities, auto dealers, professional and technical services, and oil and gas extraction.
“finance and insurance is by far the most highly represented industry among the highest earners,” find Guvenen and Kaplan, who looked at the 0.1 percent. In the rest of the 1 percent, health care is the most represented sector.
Technology, from the internet to media such as ESPN and Bloomberg terminals, has given elite athletes, entertainers, entrepreneurs, and financiers the ability to profit on a much larger, global scale, making the fruits of their labor more valuable than what previous superstars, such as, say, Pelé or Babe Ruth, brought in. Ruth’s peak salary of $80,000 would be worth about $1.1 million in 2016 dollars, around one-thirtieth of the $33 million the highest-paid Major League Baseball player, pitcher Clayton Kershaw of the Los Angeles Dodgers, made in salary alone in 2016.
Although they constitute only 0.003% of the world's population (less than 1 in 33,000), they hold 13% of the world's total wealth.[3] By 2017, there were 226,450 individuals designated as UHNWI, representing an increase of 3.5%, with their combined total wealth increasing to $27 trillion
Honestly it would be extremely interesting to find out what kind of businesses those UHNWI own. The number is extremely high.
