HNWI - High-net-worth individual is a term used by some segments of the financial services industry to designate persons whose investible assets exceed a given amount. Typically, these individuals are defined as holding financial assets with a value greater than US$1 million.(such as stocks and bonds)
UHNWI - Ultra high-net-worth individuals are defined as having a net worth of at least US$30 million in constant dollars. It is the wealth segment above very-high-net-worth individuals and high-net-worth-individuals.
Anything Over $2.5 million is considered wealth. Anything over $10 million is considered generational wealth.
Net wealth is defined as the sum of all financial and non-financial assets minus all liabilities. These segments are also the largest, representing more than 2.7 billion adults and $US 30 trillion of net-assets (among 37 countries).
Wealth Segment: The wealthiest 1 percent of American households own 40 percent of the country's wealth, according to a new paper by economist Edward N. Wolff. That share is higher than it has been at any point since at least 1962, according to Wolff's data, which comes from the federal Survey of Consumer Finances.
Entertainers mainly rappers like to flaunt their money and people become influenced by an appealing visual. In all reality their not getting as much money as you think. Due to caring what other people think about them individuals set their possibilities low. It's a conundrum in the minds of the uneducated but a few million dollars isn't real money. Just because it looks good doesn't mean it is good for longevity and the creation of generational wealth.
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