Business owners don’t have to be wealthy to be considered successful in their fields.
But the majority of them don’t, according to a new report from the Center for the Study of Work and Workplace Relations (CSEWRS).
Business owners in the S&P 500 had a net worth of $1.3 trillion in 2018, according the report, with just under half of that total going to the top 10 percent.
The CSEWES survey found that business owners made up just 14 percent of all workers in the U.S., a number that is expected to drop as more and more people are becoming self-employed.
The number of self-employment businesses has risen to an all-time high, but is still smaller than the number of full-time workers, which has been growing at a rate of 2.6 percent per year since 2010.
The average net worth for the top one percent of U.N. citizens in 2018 was $5.7 million, the CSEEWES study found.
“The median net worth is $5 million for all U.
Ns, and a median of $5,000 per U. Nation citizen,” the report said.
The median wealth of UN. nationals was $12.6 million, and the median networth for all of them was $30.3 million.
In 2018, the median wealth for U.NS was $2.7 billion, the report found.
“The most common types of wealth for people with foreign nationality are personal and professional assets,” it said.
“More than a third of the net worth was held by business owners, while just over a quarter was held in stocks and bonds.”
It also found that the median income of UNS was nearly double that of other people, at $37,300 per person, up from $18,900.
The median net wealth of all people was just over $300,000, down from $3.5 million in 2017.
U.N.-affiliated companies made up nearly one in five of all business owners and held nearly half of all businesses.
Business ownership also accounted for roughly one-quarter of all UNA members.
But UNA-affiliated firms were much less likely to have a high net worth than other people.
“Only one in ten UNA businesses were registered as UNA,” the study found, while half of UNA companies were registered with an investment firm.
Nearly a quarter of all employees who reported their income were foreign-born.
Of the 10 U.K. countries with the highest median net assets in 2018 for all businesses, eight were UNA.
The only U.A.E. country to have lower median net asset levels was Malta, with only $921 million in assets.