Who is millionaire?
Today, the most common definition of a millionaire is a person or married couple with a net worth of over US $ 1 million. According to this classification, the number of millionaires around the world has increased significantly over the past century.
Despite inflation and, as a consequence, lower purchasing power, the US dollar is the international selection criterion for millionaires.
According to the Spectrem Group Market Insights Report, there were 11.8 million Americans in the United States in 2019 with a net worth of at least $ 1 million1. Whether the term should be applied to people with combined assets of more than $ 1 million or only to people with liquid assets in excess of $ 1 million, the definition remains.