29
Feb
A net worth of $5.8 million is needed to be in the top 1% of American wealth, according to the 2024 Knight Frank Wealth Report, as Marketwatch notes.As a matter of fact, the United States is among the five nations with the highest admission hurdles; the most difficult is Monaco, where joining the 1% club requires $12.8 million. The United States is ranked fourth, behind Singapore, Luxembourg, and Switzerland.China comes in last in the real estate firm's rating of 17 countries, where all it takes to become a one-percenter is $1 million. Japan is next, where $2 million may make…