How Much Money Do You Need To Be In The 1
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How much money you have to make to be in the top 1% in different countries around the world
- The income needed to join the top 1% of earners varies greatly from country to country.
- According to a list compiled by Bloomberg, it takes about $488,000 to be in the top 1% in the United States, but it takes about half that to join the top 1% in Australia.
- Here's a ranking of how much you need to earn to join the top 1% in countries around the world, and what the average incomes in those countries are, according to a list compiled by Business Insider.
- Visit Business Insider's homepage for more stories.
From India to Australia to the United States, the income needed to join the top 1% varies greatly from country to country.
According to new data from the World Inequality Database and Statistics Canada compiled by Bloomberg's Ben Steverman and Reade Pickert, it takes about $488,000 to be in the top 1% in the United States, but it takes about half that to join the top 1% in Australia.
Here's a ranking of how much you need to earn to join the top 1% in countries around the world, as well as what the average incomes in those countries are, according to a list compiled by Business Insider from World Data.
India: $77,000
The average income in India is $2,020.
China: $107,000
The average income in China is $9,470.
Brazil: $176,000
The average income in Brazil is $9,140.
South Africa: $188,000
The average income in South Africa is $5,750.
Canada: $201,000
The average income in Canada is $44,860.
Australia: $246,000
The average income in Australia is $53,190.
Germany: $277,000
The average income in Germany is $47,450.
Bahrain: $485,000
The average income in Bahrain is $47,436, according to Salary Explorer.
United States: $488,000
The average income in the United States is $62,850.
Singapore: $722,000
The average income in Singapore is $58,770.
United Arab Emirates: $922,000
The average income in the United Arab Emirates is $40,880.
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How Much Money Do You Need To Be In The 1
Source: https://www.businessinsider.com/how-much-money-you-need-to-make-top-1-percent-2020-2
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