- There are 618,000 millennial millionaires in America, according to a new report by Coldwell Banker .
- The typical millennial millionaire has a net worth ranging from $1 to $2.49 million.
- They also view real estate as a key way to build wealth the average millennial millionaire owns three properties .
- Visit Business Insider's homepage for more stories .
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Meet the typical millennial millionaire in America, who has a real-estate portfolio worth $1.4 million, is married, and is more likely to live in California than any other state
Mauricio Santana/Getty Images
The typical millennial millionaire is between the ages of 34 to 37 and has a net worth between $1 and $2.49 million.
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There are 618,000 millennial millionaires in America, and they're sitting on a nice pile of assets.
Think a net worth ranging from $1 to $2.49 million, three properties, and a BMW. That's according to a new report by Coldwell Banker .
The Coldwell Banker Global Luxury program worked with wealth intelligence data and research firmWealthEngine to analyze the lifestyles of millennial millionaires, from wealth creation and property investments to spending trends. It defined millennial millionaires as those ages 23 to 37 with a net worth of more than $1 million.
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The report found that the average millennial millionaire is married, lives in California, and is on the hunt for real estate that is affordable and within walking distance of the center of action .
Meet the typical American millennial millionaire, according to highlights from the report.
See Also:
- The world's first hybrid cruise ship is currently on its maiden voyage, an 18-day trip to Antarctica with 450 guests onboard. Here's a look inside.
- Here's what the oldest colleges in America used to look like and what they look like today
- Even wealthy millennials are on the hunt for homes in more affordable areas, and it shows just how expensive housing in America has become
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SEE ALSO: Meet the average American millennial, who has an $8,000 net worth, is delaying life milestones because of student loan debt, and still relies on their parents for money
DON'T MISS: The top 10 ZIP codes where America's wealthiest millennials live, ranked
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