Keith F. Lynch
2024-09-18 22:26:41 UTC
Reply
Permalinkhttps://wtop.com/business-finance/2024/09/dc-has-88-centi-millionaires-thats-not-even-in-the-top-20/
"Henley & Partners defines centi-millionaires as individuals with at
least $100 million in liquid investable assets."
This strikes me as triply wrong. It should mean total assets; it
shouldn't have a hyphen; and it should mean $10,000, whether you
interpret it as 1/100th of a million dollars or as one million cents.
Someone with a net worth of $100 million is a hectomillionaire.
At least that's not as bad as the use of "millionaire" to mean someone
with an annual income of one million dollars, which I've seen.
--
Keith F. Lynch - http://keithlynch.net/
Please see http://keithlynch.net/email.html before emailing me.
Keith F. Lynch - http://keithlynch.net/
Please see http://keithlynch.net/email.html before emailing me.