A millionaire is an individual whose net worth exceeds $1 million, typically calculated by totaling their assets and subtracting liabilities. This status often signifies significant financial achievement and can be attained through various means such as inheritance, business success, investments, or a combination of these.
Natural resources are actual and potential forms of wealth supplied by nature, including coal, oil, wood, water power, and arable land. These resources are vital for various industries and economic activities.
Poverty is a socio-economic condition where an individual or a group lacks the financial resources and essentials for a minimum standard of living.
A right or prerogative to perform specific actions that are exclusive to an individual or a group. It often stems from wealth, status, or specific societal structures.
Property refers to every valuable right or interest that is subject to ownership, has an exchangeable value, or adds to one's wealth or estate. It includes both physical objects and intangible rights, covering a broad range of items and interests that can be owned, used, and transferred.
The term 'RICH' has various meanings in finance and everyday language, from denoting high-valued securities or interest rates to simply describing wealth.
A status symbol is a tangible mark or sign of an individual's social status within a society or organization. These symbols can include luxury goods like expensive cars, homes, and boats.
A tycoon is a leader in business who has achieved great wealth, power, and influence, often synonymous with terms such as industrialist, magnate, or corporate captain.
Wealth refers to the value of all assets owned by an individual or entity, minus all outstanding debts. It serves as a stock measure of financial well-being, distinct from income, which is a flow measure of financial performance over a period.
A term used to describe individuals or entities that possess a significant amount of wealth and financial stability.
