It is interesting that we lack good words for key bands of wealth.
Top 1% is apparently 4 million. So millionaire works.
Threshold for top 0.01% is apparently $111 million. I’m guessing 0.1% is like 10-20 million.
We need words like decamillionaire and centimillionaire.
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I thought that's what "multimillionaire" was supposed to mean - i.e. "actually really rich"
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I mean even 2 million is multi, as is 999 million, just short of billion
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Literally yes, but I don't think that's how multimillionaire is actually used though. I always think of it as 10's / 100's Millions
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I don’t think that’s common... there’s no consensus sense around multimillionaire afaict. I use it for anything above a couple.
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See:
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Ah come on. Common usage doesn’t track the curve but lifestyle markers.
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That link has both lifestyle and people with my 10s/100s definition. I'm interesting in how media people use it, so maybe look at these people? cnbc.com/search/?query=
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Even if that’s consistent, 10s and 100s are very different bands
10s = keep up with elites in big city
100 = rule those elites
200-500 = dent in the universe, swing a few elections
Billion = basically a minor head of state level of power
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Yea, I tend to imagine multimil = $50M which can express itself from everything as country bumpkin to full power broker. Most people don't actually use their wealth to gain influence and are just into boring consumption goods.
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