Billionaires not only have a lot more money than most people but also have a much bigger percentage of money tied up in stocks and other assets you can’t readily spend.
The top 0.1% of Americans by wealth had a combined net worth of $23.57 trillion during the 2025 second quarter, according to the Federal Reserve. Of that total, more than half was in corporate equities and mutual fund shares. Only $1.97 trillion was in real estate. The rest was spread among other assets.
