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A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth 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.

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Wikipedia about Millionaire

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A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth 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.

The increasing number of millionaires is partially due to prevailing economics: Increasingly, the term denotes more and more to the status of high wealth. American sociologist Leonard Beeghley classifies all households with net worth exceeding $1 million as "The Rich." Currently, there are over 10 million residents around the globe classified as millionaires.

Terminology

The word was first used (as millionnaire, double "n") in French in 1719 by John Law, and is first recorded in English (millionaire, as a French term) in a letter of Lord Byron of 1816, then in print in Vivian Gray, a novel of 1826 by Benjamin Disraeli.{{cite web|url=http://dictionary.oed.com/cgi/entry/00309741?single=1&query_type=word&queryword=millionaire&first=1&max_to_show=10|title=Millionaire (n and adj)|work=Oxford English Dictionary|accessdate=2008-07-20|format=available online to subscribers but also available in print | quote=1816 BYRON Let. 23 June (1976) V. 80 He is still worth at least 50-000 pds{em}being what is called here Evian a ‘Millionaire' that is in Francs & such Lilliputian coinage. 1826 B. DISRAELI Vivian Grey I. ix, Were I the son of a Millionaire, or a noble, I might have all.}} An earlier English word "millionary" was used in 1786 by Thomas Jefferson while serving as Minister to France; he wrote: "The poorest labourer stood on equal ground with the wealthiest Millionary". The first American printed use is thought to be in an obituary of New York tobacco manufacturer Pierre Lorillard II in 1843.

The increasing prevalence of people with more and more money has given rise to additional terms to further differentiate millionaires. A multimillionaire has a net worth of more than 2 million units of currency, a decamillionaire has a net worth of more than 10 million units of currency, and a hectomillionaire has a net worth of more than 100 million units of currency. The term centimillionaire has become synonymous with hectomillionaire in America, despite the centi- prefix meaning 1/100, not 100, in the metric system.

While statistics regarding financial assets and net worth are presented by household, the term is also often used to describe only the individual who has amassed the assets as millionaire. That is, even though the term statistically refers only to households, common usage is often in reference only to an individual.

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News about Millionaire

Sheriff: Search Team Finds Millionaire Adventurer's Plane Wreckage

WCAV CharlottesvilleSearchers found the wreckage of Steve Fossett's airplane in California's rugged Sierra Nevada just over a year after the millionaire adventurer vanished on a solo flight, and the craft appears to have hit the mountainside head-on, authorities said Thursday.http://www.charlottesvillenewsplex.tv/home/headlines/3012825...

Hikers find sweatshirt, ID cards belonging to Millionaire Fossett

Vancouver SunSAN FRANCISCO -- Hikers in northern California have found a sweatshirt and identification cards belonging to millionaire adventurer Steve Fossett, who went missing in his plane a year ago, police said Wednesday. The wreckage from the small airplane Fossett was piloting when he disappeared was not located by the hikers. "We have a ground team heading out to search the area," said Shannon Kendall, ....http://www.canada.com/vancouversun/news/story.html?id=697f6f...

Searchers Find Wreckage Of Missing Millionaire’s Plane

KWTX-TV WacoAuthorities confirmed Thursday that searchers have found the wreckage of the small plane in which millionaire adventurer Steve Fossett disappeared 13 months ago and teams are now looking for Fossett’s remains.http://www.kwtx.com/home/headlines/30109899.html

Video: Millionaire Steve Fossett found?

Guardian UnlimitedID cards found by hiker in remote part of California confirmed as those of millionaire adventurer Steve Fossett who disappeared a year agohttp://www.guardian.co.uk/world/video/2008/oct/02/1

"Liquid Millionaire" Author Predicts Stock Market Boom - While Most are Crying 'Bust!'

PR Newswire via Yahoo! Finance Stephen Sutherland, author of upcoming book, 'Liquid Millionaire: How to MAKE MILLIONS in the Up and Coming Boom,' has boldly predicted that the world stock markets could be about to surge.http://biz.yahoo.com/prnews/081002/3751741en_public.html?.v=...

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Millionaire Steve Fossett a flying maverick

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Two Cuban players go missing

Miami HeraldAdu, the phenom who became a millionaire at 14, is with AS Monaco in France this season, on loan from Portuguese club Benfica. He hadn't had as big an impact in Portugal as expected, starting just twice in 21 games and scoring five goals. Altidore, a ... http://www.miamiherald.com/sports/story/721935.html

Up From Apartheid, Soweto Millionaire a Role Model

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Meltdown? The horror! The honey!

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Soweto clothes salesman under apartheid now millionaire role model for ...

Los Angeles TimesJOHANNESBURG, South Africa (AP) _ When Richard Maponya did well as a clothes salesman, his white boss could not promote him under the rules of apartheid. So the boss offered instead to sell Maponya damaged clothes for cheap. Maponya resold the ... http://www.latimes.com/news/nationworld/world/wire/sns-ap-af...

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Local Man Wins Millionaire Raffle

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Answers for Millionaire

pwhisked

What is the safest and best way to be a millionaire by retirement?

pwhiskedI have four words for you: 401k. Many employers offer 401k plans, where you can contribute pre-tax part of your salary. Many employers also make matching contributions to your account (free money ...
burnt1ce85

How does it feel to be millionaire?

burnt1ce85Well, first of all if you have a million dollars, you could invest it in something earning 5 to 6 % per year and you would have an income of $50000 to $60000 per year without working. Thats enough mo...
Hofferneck

How many copies should an author sell to become a millionaire?

HofferneckReally depends on how your contract is structured with your publisher. If the Book Retails at 35.99/copy when it comes out in Hardcover and you get 3.00/copy then you would need to sell 333,333 copie...
EF

What would happen to the economy if everyone was a millionaire?

EFWell it depends how everyone is a millionarie. If everyone just magically had a lot of money that they received from somewher, I would guess that that would cause an inflation spiral as consumer deman...
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How can I make my millionaire goal within the next 5 years?

▲ßûІІѕ vş ßèāŗѕ▼I grew up with alot of money. My father was an attorney and my mother a teacher and I had Walmart in my bedroom by time i was 5 yrs old! Money is nice- and it sure makes life alot easier- but dont f...

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