India  

Millionaire

Person with wealth beyond a certain value

Millionaire    ▸ Facts   ▸ Comments   ▸ News   ▸ Videos   

Millionaire: Person with wealth beyond a certain value
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is much easier and less significant to be a millionaire in those currencies, thus a millionaire in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, euro, or pound sterling.

0
shares
ShareTweetSavePostSend
 

You Might Like


Meet Sanvi Malu, wife of Vikas Malu who has accused businessman of being involved in Satish Kaushik death

Millionaire businessman Vikas Malu's wife Sanvi Malu has sent a letter to the Delhi Police commissioner accusing the businessman of being involved in Satish Kaushik's death.
DNA - Published

Search this site and the web: