Assets of Millionaires (gleaned from estate tax data)

The IRS has data on estate taxes which breaks down the nature of the assets.   Estate taxes for 2012 the latest year with data is only applicable to estates with over $5 million in value.   Therefore if we look at the estate tax data we can get a sample of the asset mix of multi-millionaires in the US.   The information is going to be skewed towards older people as these are for the estates of deceased people.

Here are the numbers for the 9,412 returns filed in 2012 :

	Value	% of total
Publicly traded stock	31,868,113	26%
State and local bonds	13,595,957	11%
Cash assets	11,726,706	9%
Other real estate	10,327,985	8%
Closely held stock	9,654,433	8%
Retirement assets	6,631,757	5%
Personal residence	5,908,960	5%
Real estate partnerships	4,495,892	4%
Mortgages and notes	4,298,336	3%
Other limited partnerships	4,015,354	3%
Farm assets	3,729,481	3%
Other noncorporate business assets	2,843,852	2%
Art	2,757,975	2%
Private equity and hedge funds	2,489,808	2%
Corporate and foreign bonds	2,228,937	2%
Other assets	1,931,019	2%
Insurance, face value	1,922,184	2%
Other Federal bonds	1,731,202	1%
Depletables / intangibles	832,080	1%
Unclassifiable mutual funds	814,457	1%
Bond funds	519,606	0.4%
Insurance, policy loans	66,809	0.1%
Federal savings bonds	63,407	0.1%

And here's a graph showing the larger asset groups :

(click image for full size)

Roughly speaking stocks and bonds of various types make up about half the assets.   Looks like real estate including personal homes is around 20% ballpark.   The remaining 30% is a mix of various things.

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