Millionaire ::: Project ETERNITY

A millionaire is a person who has a net worth or wealth of more than one million United States dollars, euros, UK pounds or units of a comparably valued currency.

In many countries or cultures, a certain level of prestige is associated with being a millionaire, which makes that amount of wealth a goal for many. However, the status of millionaire is no longer as exclusive as it once was, and so other descriptions, like multi-millionaire or billionaire have come into use to describe the highest levels of individual wealth. The increasing number of millionaires is partially due to inflation: a million dollars, for example, provides far less purchasing power today than it did in the 19th century.

Many individuals are millionaires on paper, but possess mostly non-liquid and inaccessible assets, such as real estate and automobiles.

Many lotteries offer prizes of a million dollars or more.

World Wealth Report

The "World Wealth Report" is compiled annually by Merrill Lynch and Capgemini.

2003

The 2004 report for the year 2003 tells that "7.7 million people globally each hold more than

Note that this is "financial-asset wealth", not real estate wealth, or "net worth" wealth. There are two categories, "high net worth individuals" HNWIs, with more than US$1 million in financial assets, and Ultra-HNIWs, with more than US$30 million in financial assets.

2004

United States

"L.10 Assets and Liabilities of the Personal Sector" net worth was $21,022.8 billion excluding "corporate farms" liabilities (31175.7-14035.2+1626.5+2255.8). If divided by 131 million tax paying houeholds that makes on average $160,479 for each (21,022.8/0.131).

Sweden

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United States

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