Post #7983 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I think the $5.8 million number is "investible wealth" (e.g., your brokerage account.) It doesn't include the value of your home, or any businesses you own.

No, seems not.

It depends on the data source.
Some of the wealth management banks do a report that uses investable wealth as the definition. (since that's what they are targeting for AUM, presumably)
But Knight Frank, the specific source quoted here, uses net worth. Total assets minus total liabilities.
They use "individual" net worth, though, so the 1% threshold is presumably set at 1% of the total population, not 1% of households. This makes the cutoff number a lot smaller.

There sure are some interesting things in the report.
Who knew that it now takes over $1m of net worth to get into the reviled "1%" in China?

Jim

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