Becoming a Billionaire
Looking to be the next Warren Buffett? It’s probably never going to happen, but chances are you’ll climb your way to the top before you ever become the next Powerball winner.
New Jersey-based newspaper The Record reported that you have, ironically, a better shot at becoming a billionaire in the United States than you do at winning the lottery. The odds? About 1 in 409,000. Meanwhile, a 2017 report from Spectrem Group found that around 10 percent of Americans are worth $1 million or more, Money reported.
Even with a relatively small pool of millionaires and billionaires, Americans (millennials in particular) are hopeful they’ll be rich someday. In fact, 34 percent of millennials ages 18-24 believe that becoming a millionaire at some point in their lifetime is a possibility.
