America's top 1% has an all-time-high total net worth of $44 trillion. Thank the record-breaking stock market.

Business Insider

• America's top 1% was responsible for a record-high combined net worth of $44 trillion in the fourth quarter of 2023, Fed data cited by CNBC says.
• All those gains come from the monster rally in stocks that closed 2023.
• The Fed data also highlights how concentrated the market gains are, with the top 1% owning half of all individually held stocks. 

The top 1% of Americans now have a combined net worth above $44 trillion for the first time.