If you’ve ever read “The Millionaire Next Door” by Stanley and Danko, then you’ve no doubt seen statistics like this. But… I was reading through the latest issue of Bottom Line/Personal when I ran across the following:
“Thirty-two percent of the world’s millionaires earned their way to $1 million through salary, and 26% got there as business owners — compared with just 16% who became millionaires by inheriting it. The got their money from stock options and/or investments.”
I actually recall the numbers being tilted even further in favor of business owners when I first read “The Millionaire Next Door, ” but I could be mistaken. The numbers in this case are attributed to the 10th Anniversary Edition of the World Wealth Report.