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· but this summer, the 41-year-old hit a milestone that long felt out of reach: A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Learn how you can start building wealth today to become a millionaire in the future. Going back to our net worth statement, we can see that anyone who buys a million-dollar house would qualify as a millionaire even if they owed more than a million dollars on the house. She became a millionaire. By the standard definition, you are a millionaire, but it takes very little to get there. A surging number of everyday americans now boast a seven-figure net worth once the domain of celebrities and ceos. · discover realistic steps to become a millionaire. · heres a look at the millionaire rankings for all 50 states (plus the district of columbia), based on the percentage of millionaire households in each. · a millionaire is someone whose wealth (or net worth) is valued at $1 million or more. · being a millionaire means having a net worth of at least $1,000,000. For the most part, they invested money in retirement accounts over decades, stayed out of debt, and lived a modest lifestyle. The meaning of millionaire is a person whose wealth is estimated at a million or more (as of dollars or pounds). Becoming a millionaire can be easier if you start early amount of annual savings needed to reach $1 million by age 65 this compounding example is a hypothetical example that … Learn more about the definition of millionaire and which assets are included. · simply stated, a millionaire has a net worth of over a million dollars. Depending on the currency, a certain level of prestige is associated with being a millionaire. See practical strategies for saving, investing, and building wealth to achieve financial independence.