Who is considered a millionaire?

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  • Altwebdesign
    • Jul 2026

    #1

    Who is considered a millionaire?

    e.g 3 guys

    1st guy has a fully owned 1million pound/dollar house and 1million cash in the bank no debts etc

    2nd guy also has a fully owned million pound / dollar house has 500k cash in the bank but has items such as sports cars totalling 500k

    3rd guy owes 500k on a 1mil house has zero in the bank

    Would you consider them all to be millionaires based in the fact they have 1million cold hard cash, im pretty sure you would

    but what about the guy who dosent have a million in cash but has assets totalling over a million and the guy who lives in the million pound house yet is 500k in debt?
  • DBS.US
    Geo Cities
    • Aug 2003
    • 11841

    #2
    1 Million net worth
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    • Nicky
      Too lazy to set a custom title
      • Mar 2003
      • 30071

      #3
      Originally posted by DBS.US
      1 Million net worth

      gfynicky @ gmail.com

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      • Varius
        Confirmed User
        • Jun 2004
        • 6890

        #4
        #1 is a millionaire.

        #2 It depends, as some use the term millionaire as having at least a million liquid, while others say basing it on Net worth is fine.

        #3 is not a millionaire.
        Skype variuscr - Email varius AT gmail

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        • Altwebdesign

          #5
          Originally posted by DBS.US
          1 Million net worth
          What gets taken into account here? assets?


          or just plain and simple cash? available cash minus debts?

          so if you had 1mil cash and 500k debt leaves you a net of 500k so you'r enot a millionaire right?

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          • Ethersync
            Confirmed User
            • Mar 2008
            • 5289

            #6
            1 yes.
            2 close enough.
            3 no, though I am sure he thinks he is.

            A million, crisis aside, is not even all that much these days.
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            • DBS.US
              Geo Cities
              • Aug 2003
              • 11841

              #7
              Originally posted by Altwebdesign
              What gets taken into account here? assets?


              or just plain and simple cash? available cash minus debts?

              so if you had 1mil cash and 500k debt leaves you a net of 500k so you'r enot a millionaire right?
              Right
              Millionaire=worth a million
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              • Altwebdesign

                #8
                Originally posted by Ethersync

                A million, crisis aside, is not even all that much these days.

                That's one of the reasons i made this post, because to be honest, i think it is.

                the guy who lives in the million pound house and has massive debts / negative equity isnt a millionaire.

                To those who think it's not a lot of money, and i dont mean you, and live in million pound houses and drive ferraris and whatever, can they actually write a cheque out for 1 million and go cash it ? To me thats a real differential between someone who has a worth of 1mil with assest included and someone who straight up has 1mil in cash

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                • Maxi
                  Registered User
                  • May 2002
                  • 233

                  #9
                  If you have 10k cash in the bank you're a millionaire, because you have a million cents.

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                  • sologirlcontent
                    So Fucking Banned
                    • Jan 2007
                    • 2617

                    #10
                    Originally posted by DBS.US
                    1 Million net worth
                    and this is a dumb thread

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                    • woj
                      <&(©¿©)&>
                      • Jul 2002
                      • 47880

                      #11
                      it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth" )
                      of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k..
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                      • Adraco
                        Confirmed User
                        • May 2009
                        • 3745

                        #12
                        A millionaire is able to invest a minimum of 1 million at any one time.
                        Having normal assests, like one house and one car does not count. If you drive a second car like a Ferrari, it could possibly count, but assets like that usually lose value over time so not very stable base.
                        1 million minimum of available funds, that's the only real deal that counts.
                        ----------------------------------------------------------------------------------
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                        • Altwebdesign

                          #13
                          so someone who has 1mil in cash and no debts is a millionaire

                          someone who has 500k in the bank and 500k worth of assets, no debts would also be considered a millionaire, net millionaire.

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                          • epitome
                            So Fucking Lame
                            • Jun 2009
                            • 12156

                            #14
                            If you have assets of $1 million and $0 in debt, you are a millionaire.

                            If you have a million dollar house that is paid off, $50k in the bank but $75k in other debt, then you are not a millionaire.

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                            • woj
                              <&(©¿©)&>
                              • Jul 2002
                              • 47880

                              #15
                              and like someone said earlier, a million USD is fuck all now a days, it sounds like a lot, but you need at least 2-3 million USD to feel rich now a days...
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                              • Altwebdesign

                                #16
                                Originally posted by Adraco
                                A millionaire is able to invest a minimum of 1 million at any one time.
                                Having normal assests, like one house and one car does not count. If you drive a second car like a Ferrari, it could possibly count, but assets like that usually lose value over time so not very stable base.
                                1 million minimum of available funds, that's the only real deal that counts.
                                I think im with you on this, putting net millionaires aside, its the type of millionaires who have the capital there, working capital millionaires who are TRUE millionaires and the others just millionaires on paper



                                but what if the guy who can write then 1mil cheque has a 2mil debt? then is he still a millionaire? sure its about to come to a swift end
                                Last edited by Guest; 10-07-2010, 04:11 PM.

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                                • anexsia
                                  Confirmed User
                                  • May 2010
                                  • 5735

                                  #17
                                  Me, I'm a millionaire.

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                                  • Domain Diva
                                    Too lazy to set a custom title
                                    • Oct 2007
                                    • 10180

                                    #18
                                    Here is a tricky one...

                                    4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ?
                                    Last edited by Domain Diva; 10-07-2010, 04:11 PM.

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                                    • ManufacturingMan
                                      Confirmed User
                                      • Nov 2003
                                      • 518

                                      #19
                                      Originally posted by Domain Diva
                                      Here is a tricky one...

                                      4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ?
                                      No, you would be considered dead broke
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                                      • ArsewithClass
                                        So Fucking Banned
                                        • Mar 2007
                                        • 7957

                                        #20
                                        Originally posted by ManufacturingMan
                                        No, you would be considered dead broke




                                        @ the thread... I would have thought "assets" are the usual basis & income for a millionaire.
                                        If you own over a million assets & have a steady decent income then I would agree that the person is to be a millionaire, however you can still go broke over night!


                                        The funny thing is a billionaire is either a million millionaire or a thousand millionaire, which one would you say?


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                                        • HomerSimpson
                                          Too lazy to set a custom title
                                          • Sep 2005
                                          • 13826

                                          #21
                                          Originally posted by Domain Diva
                                          Here is a tricky one...

                                          4th , Are you still considered a millionaire if you have no debt and $1 million in Epass wallet ?
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                                          • Kelli58
                                            Confirmed User
                                            • Aug 2006
                                            • 2261

                                            #22
                                            A millionaire is someone who has a value of at least one million dollars but if you have 1 million in assets and 500k in debts then your value is no longer 1 million.
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                                            • Rochard
                                              Jägermeister Test Pilot
                                              • Dec 2001
                                              • 75733

                                              #23
                                              A millionaire surely isn't what it used to be.
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                                              Brooklyn, NY

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                                              • the indigo
                                                Confirmed User
                                                • Sep 2001
                                                • 2016

                                                #24
                                                Originally posted by Adraco
                                                A millionaire is able to invest a minimum of 1 million at any one time.
                                                Having normal assests, like one house and one car does not count. If you drive a second car like a Ferrari, it could possibly count, but assets like that usually lose value over time so not very stable base.
                                                1 million minimum of available funds, that's the only real deal that counts.
                                                That's a multi-millionaire.

                                                If you sell everything and have 1.1 million cash, you are a millionaire. Far from a multi-millionaire, but still a millionaire on paper.
                                                "There he goes. One of God's own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die." -Hunter S. Thompson

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                                                • DBS.US
                                                  Geo Cities
                                                  • Aug 2003
                                                  • 11841

                                                  #25
                                                  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

                                                  http://en.wikipedia.org/wiki/Millionaire
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                                                  • AsianDivaGirlsWebDude
                                                    Purveyor, Fine Asian Porn
                                                    • Jul 2004
                                                    • 38323

                                                    #26


















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                                                    • sojproductions
                                                      Confirmed User
                                                      • Aug 2006
                                                      • 2160

                                                      #27
                                                      Not many millionaires leave a million sat in a bank... most would invest and invest some more, they didnt get a million in the bank by being stupid with their money. So overall it will always be net worth, if everything was sold on there and then.
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                                                      • strobi
                                                        Confirmed User
                                                        • Nov 2002
                                                        • 7383

                                                        #28
                                                        If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter

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                                                        • Altwebdesign

                                                          #29
                                                          Originally posted by strobi
                                                          If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter
                                                          good point!!

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                                                          • ArsewithClass
                                                            So Fucking Banned
                                                            • Mar 2007
                                                            • 7957

                                                            #30
                                                            Originally posted by ArsewithClass
                                                            The funny thing is a billionaire is either a million millionaire or a thousand millionaire, which one would you say?
                                                            Originally posted by Rochard
                                                            A millionaire surely isn't what it used to be.
                                                            Hence wondering about the billionaire situation... A there are a few billionaires around these days. But what would you consider a billionaire... a million millionaire or a thousand billionaire?



                                                            Originally posted by sojproductions
                                                            Not many millionaires leave a million sat in a bank... most would invest and invest some more, they didnt get a million in the bank by being stupid with their money.
                                                            Agreed! A million in th bank is livable, but certainly is not the right place for it these days

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                                                            • pimpware
                                                              Confirmed User
                                                              • Jan 2006
                                                              • 1673

                                                              #31
                                                              #4 - Mallick
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                                                              • gmr324
                                                                Confirmed User
                                                                • Aug 2006
                                                                • 1199

                                                                #32
                                                                If girls see you living in a million dollar house, you're a millionaire for them. The rest doesn't matter
                                                                Perception is reality where it counts the most.

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                                                                • ottopottomouse
                                                                  She is ugly, bad luck.
                                                                  • Jan 2010
                                                                  • 13177

                                                                  #33
                                                                  Originally posted by woj
                                                                  it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth" )
                                                                  of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k..
                                                                  This .
                                                                  ↑ see post ↑
                                                                  13101

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                                                                  • czarina
                                                                    Webmaster Extraordinaire
                                                                    • Jul 2002
                                                                    • 10751

                                                                    #34
                                                                    guy 1 and guy 2

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                                                                    • H-Tom
                                                                      Confirmed User
                                                                      • Jul 2005
                                                                      • 677

                                                                      #35
                                                                      A true millionaire is a guy who can spend $1.000.000 on shit, just for fun. Like taking all his buddies on a trip to Thailand where they can sniff cocaine from a ladyboy dick :D

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                                                                      • fatfoo
                                                                        ICQ:649699063
                                                                        • Mar 2003
                                                                        • 27763

                                                                        #36
                                                                        I would say that a millionaire is: Person that has assets that are a million dollar great than his/her liabilities.
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                                                                        • Pipecrew
                                                                          Master of Gfy.com
                                                                          • Feb 2002
                                                                          • 14888

                                                                          #37
                                                                          Guy 1 and guy 2. People can put down 100k and have a "milllion dollar house" it doesn't make you a millionaire. You can sell your house for 1 million and then pay off your 900k debt.

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                                                                          • Hermes
                                                                            Confirmed User
                                                                            • Oct 2010
                                                                            • 264

                                                                            #38
                                                                            I guess wikipedia gives decent description. More important question is that what does it matter? It's just terminology.
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                                                                            • sexdatesj
                                                                              Confirmed User
                                                                              • Jun 2009
                                                                              • 1078

                                                                              #39
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                                                                              • seeandsee
                                                                                Check SIG!
                                                                                • Mar 2006
                                                                                • 50945

                                                                                #40
                                                                                Originally posted by woj
                                                                                it's very simple... imagine you sell EVERYTHING you own, and you end up with over 1 million cash, then you are a millionaire... (which is "net worth" )
                                                                                of course you have to use fair market value, you can't just dream up that your domain portfolio is worth a million bucks, when in reality you would have hard time finding a buyer for 100k..
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                                                                                • Stephen
                                                                                  Consigliere
                                                                                  • Feb 2003
                                                                                  • 1771

                                                                                  #41
                                                                                  once you've made a million dollars, you're a millionaire

                                                                                  whether or not you get to keep it, or make even more, is another thing altogether

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