Immigrant Roots of Mega Millionaires

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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About NAE

New American Economy is a bipartisan research and advocacy organization fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans. More…