There are different definitions, but as a rough rule of thumb you can use the financial services industry’s threshold for an Ultra High Net Worth Individual, which is currently a minimum net worth (excluding primary residence) of $30-million in liquid, investable assets. Other measures put the figure at $10-million, or at a steady income of $300k+/year. Age is a factor, too, and of course we’re talking about the U.S.
Whatever defines the 1%, to quote George Carlin, “it’s a big club and you ain’t in it.”
