Friday, July 20, 2007
High-net-worth Terminology
When bankers talk about the mega-rich, here are the terms they use (and they do exclude the value of the person's home):
A
pentamillionaire is someone with a net worth of $5 million.
A
decamillionaire is someone with a net worth $10 million.
A
hectamillionaire is someone with a net worth of $100 million, although most refer to them as Ultra-High-Net-Worth (UHNW).
3:03 PM
