America's Real One Percent Has Nothing to Do With Silicon Valley or Wall Street

A hidden class of ~3 million Main Street business owners holds over 10x the Forbes 400's combined net worth.

• 3 million everywhere millionaires: Average net worth ~$25M, minimum $5M, collectively worth over 10x the Forbes 400's combined net worth.
• Pass-through businesses dominate profits: More than half of all U.S. business profits come from non-public pass-through businesses invisible to public markets.

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