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Anonymous wrote:if you have $10 million, you are rich. assuming a 4% return annually, that throws off 400 grand a year. this is not "comfortably off" or whatever the list says it is.
did this come out of "rich dad, poor dad"?
10 million is not rich if you want to buy the truly expensive stuff
http://coolmaterial.com/roundup/mark-zuckerberg-6-9-billion/
Yacht alone would cost you $200 million
Anonymous wrote:Rich is not needing to work. Ever.
And what value would you put on the wealth needed for that?
Anonymous wrote:dimasok wrote:Anonymous wrote:Are those figures in Pesos or something?
There figures are in U.S. dollars. The sarcasm was unwarranted.
The sarcasm was highly warranted.
Just because you like defining wealth in terms of measly hundreds of thousands or single digit-millions doesn't mean everything has to be published in reference to those numbers.
Anonymous wrote:I'm not sure why people are so concerned with defining rich.
Because its fun counting huge numbers and seeing how far you can go in terms of personal wealth? To me it is.
Anonymous wrote:Are those figures in Pesos or something?
There figures are in U.S. dollars. The sarcasm was unwarranted.
I found these definitions in the book.
Wealth measured by Cash-In-Hand or Quickly Realizable Assets
$100,000-$400,000 - the comfortable poor
$400,000-$1,000,000 - the comfortably off
$1,000,000-$2 million - the comfortably wealthy
$2 million-$10 million - the lesser rich
$10 million-$30 million - the comfortably rich
$30 million-$70 million - the rich
$70 million-$100 million - the seriously rich
$100 million-$200 million - the truly rich
Over $200 million - the filthy rich and the super rich
Wealth measured by total assets (true net worth)
$2 million-$4 million - the comfortable poor
$4 million-$10 million - the comfortably off
$10 million-$30 million - the comfortably wealthy
$30 million-$80 million - the lesser rich
$80 million-$150 million - the comfortably rich
$150 million-$200 million - the rich
$200 million-$400 million - the seriously rich
$400 million-$800 million - the truly rich
$800 million-$1,998 million - the filthy rich
Over $1,998 million - the super rich