High-net-worth business owners differ from typical high-net-worth individuals in at least two ways: They have significantly higher household income and tend to take on responsibility for the well-being of extended family members. Thats one of the many findings in to a new study from U.S. Trust.
Almost four in five non-retired business owners (77%) have an annual income greater than $200,000 and 26% earn $1 million or more, the majority of whom are young entrepreneurs under the age of 49. By comparison, 59% of non-retired, non-business owners have an annual income greater than $200,000 and only 9% earn more than $1 million a year, according to the study.
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