THE EVERYWHERE MILLIONAIRE by Owen Zidar and Eric Zwick explores “Who Is Really Rich in America and How They Got There” in a fascinating way. As one would expect from their credentials -- Zidar is a Professor of Economics and Public Affairs at Princeton University and Zwick is the Joel F. Gemunder Professor of Economics and Finance at the University of Chicago Booth School of Business – the authors rely on economic and government data to portray these American millionaires. Building on over a decade of study and research, they explore so many aspects (inheritance vs. self-made; type of industry; impact of the tax code; human capital associated with the owners) that are truly interesting and somewhat surprising. Just one example: "For every member of the Forbes 400, more than four thousand private business owners each have at least $10 million in net worth [together, more than thirteen times the wealth of that list].” Plus, “the average private business owner in the top 1 percent [of income] made 1.5 times as much as the average public company CEO.” These authors also personalize the data by sharing numerous anecdotes and stories of these individuals, particularly small business entrepreneurs who often experienced income mobility and fulfillment of the American Dream. One such example is Dick Portillo who founded the Chicago-based restaurant chain; another is Karen Bentlage who expanded her wealth through tanning salons and personal care. Both of these millionaires “give back” through donations of money and time, but the authors show that many others use their wealth to influence public policy in an ultimately self-serving manner, saying “We sometimes call them the Stealthy Wealthy because they fly under the radar. … We want to make the rich visible and correct misconceptions about who they really are.”
In addition to being reviewed and summarized by NPR’s Planet Money, THE EVERYWHERE MILLIONAIRE appears on the Next Big Idea Club’s must-read book list for September 2026. As Publishers Weekly says, “At turns inspiring and maddening, this is a vivid depiction of America’s millionaire class.” I, too, found this account to be very readable and would definitely recommend.






