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The millionaire is a man with a big overdraft at the bank and a little petty cash to be going on with. The millionaire is the money or honey bee of the hive.
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Full Bio Follow Linkedin. Follow Twitter. Paula Pant is a former contributor for The Balance. She is a writer, speaker, and media commentator on the subject of personal finance.
Read The Balance's editorial policies. Reviewed by. Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university, and prior to her accounting career, she spent 18 years in newspaper advertising.
She is also a freelance writer and business consultant. Article Reviewed on May 16, Key Takeaways A millionaire is someone who's net worth is equal to one million or more units of currency.
To determine whether a person is a millionaire, you typically take their net worth into account.
Net worth is the total value of a person's financial and non-financial assets, including any debts. The term millionaire is originally a French term, used to describe the men made rich off of speculative investments in the New World.
See also: List of countries by the number of millionaires. Main article: American upper class. How to marry a billionaire. Money Magazine.
BBC News. Retrieved 31 March AfrAsia Bank Limited. Retrieved 2 October Bloomsbury Publishing USA. Retrieved 11 October Oxford English Dictionary.
Retrieved 20 July October Mercure de France in French. Paris: English to French Dictionary. Cambridge University Press.
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Lambert Strether Lambert. Archived from the original on 26 April Retrieved 26 April Credit Suisse. Archived from the original PDF on 23 October Retrieved 29 October Quartz India.
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