Millionaire Definition

kan3017 | 15:56 Wed 21st May 2025 | Business & Finance

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Does having property and cash totalling over 1 million define a person as a millionaire

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I'd say so.

I used to decorate lots of houses for a local landlord. He described himself as a 'paper millionaire'.

I'd say total net assets > £1m would = millionaire, yes. Very common these days not much to shout about.

next year Rodney...🤣

I wouldn't include assets in my definition of millionaire. Lots of people are property rich with no money to spend.

There are over a dozen UK BILLIONARES (dunno about the royals) and the richest is 107th in the world.

but are they happy?

(yes)

dave they say money doesn't make you happy but it does buy you a better class of misery. 😁

Yes, of course it does. Why wouldn't it ?

I think if I had loadsa money I would be a Howard Hughes type. Solitary & distrustful.

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