Billionaires in the US own an average of 19 cars and 9 homes
The ultra-high net worth individuals or billionaires in the US own an average of 9 residences overseas and 19 cars, according to a study by American multinational insurance corporation AIG. The billionaires also have $1.7 million in insured jewellery. As per estimates, the ultra-wealthy Americans account for about 16,000 families and control 11.2% of the total wealth in the US. 