What is millionaire?

  • (noun): A person whose material wealth is valued at more than a million dollars.


A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth is equal to or exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account. Depending on the currency, a certain level of prestige is associated with being a millionaire, which makes that amount of wealth a goal for some, and almost unattainable for others. In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros, or the currency of the given country (i.e. $1,000,000,000). In contrast, a billionaire in countries that use the long scale number naming system would be someone who has at least a million times a million units of currency (i.e. $1,000,000,000,000). The increasing number of millionaires is partially due to prevailing economics, especially inflation. The purchasing power of a million US dollars in 1959 is equivalent to 7.3 million dollars in 2009. Increasingly, the term denotes the status of high wealth. American sociologist Leonard Beeghley classifies all households with net worth exceeding USD 1 million as "The Rich". As of 2008, there were 10 million people around the globe who are classified as U.S.-dollar millionaires.

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Some articles on millionaire:

Socialist Millionaire
... In cryptography, the socialist millionaire problem is one in which two millionaires want to determine if their wealth is equal, without disclosing any information about their riches to each other ... It is a variant of the Millionaire's Problem whereby two millionaires wish to compare their riches to determine who has the most wealth, without disclosing any information about their riches to each ...
Millionaire - Entertainment
... The Millionaire was the title of a 1955 TV series about an unseen man of wealth who gave away $1,000,000 to a different person each episode, and a 1931 motion picture about a ... Millionaire is also a common nickname of the international quiz show Who Wants to Be a Millionaire?, first hosted in the UK by Chris Tarrant, and later in the U.S ... Who Wants to Be a Super Millionaire also aired in the U.S ...
List Of Zushi Games Games - W
... Punch (2004) Game Boy Advance Who Wants to be a Millionaire? (2002) Game Boy Advance Who Wants to be a Millionaire? 2nd Edition (2004) Game Boy Advance Who Wants To Be A Millionaire DVD ...
Secret Millionaire - UK Version
... The first millionaire to appear in the series was 26 year-old Ben Way ... The second millionaire, William Du, declined airing in season two ... Andrew Feldman was the youngest millionaire to appear on the show at the age of 24 in the final episode of series 10 shown on 24 June 2012 and made the ...
Sid Hammerback - Millionaire
... Callaway, "wanting to tell the next chapter in that story", continues that story arc in the ninth season episode "Command+P", where Sid is discovered by Jo to be the anonymous "Guardian Angel" who has been surprising with million-dollar checks "the loved ones of victims" in cases Sid had worked ... Jo subsequently learns in confidence that Sid has non-Hodgkin's lymphoma ...

Famous quotes containing the word millionaire:

    Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity.
    Ralph Waldo Emerson (1803–1882)