# When is someone a ''millionaire"?

**URL:** <https://boards.straightdope.com/t/when-is-someone-a-millionaire/602899>\
**Category:** In My Humble Opinion\
**Created:** [November 14, 2011, 4:35pm UTC](https://boards.straightdope.com/t/when-is-someone-a-millionaire/602899 "2011-11-14T16:35:46Z")\
**Posts on this page:** 2\
**Page:** 2

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**Author:** ![Little\_Nemo](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/little_nemo/32/3120_2.png) [@Little\_Nemo](https://boards.straightdope.com/u/Little_Nemo)\
**Post date:** [November 14, 2011, 11:53pm UTC](https://boards.straightdope.com/t/when-is-someone-a-millionaire/602899/21 "2011-11-14T23:53:29Z")

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My unofficial personal definition is a millionaire is somebody who could liquidate all his assets and have more than a million dollars (US) as a result.

So the guy in the OP wouldn’t count. Not would somebody who had a house with an assessed value over a million dollars unless they could actually sell their house for that amount. Nor would somebody who has a million dollar comic book collection unless somebody would actually pay that much for it.

My issue is whether you have to split up the million dollars. If a couple have a million dollar’s worth of assets, are they both millionaires? Or do they average out as five-hundred-thousandaires?

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**Author:** ![Yeticus\_Rex](https://avatars.discourse-cdn.com/v4/letter/y/a698b9/32.png) [@Yeticus\_Rex](https://boards.straightdope.com/u/Yeticus_Rex)\
**Post date:** [November 15, 2011, 12:31am UTC](https://boards.straightdope.com/t/when-is-someone-a-millionaire/602899/22 "2011-11-15T00:31:48Z")

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Assets - Liabilties \> $1M.

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