Millionaire: meaning, definitions and examples

This is a general term used to describe someone who has a net worth of at least one million units of currency. It can be used in both formal and informal settings.

• She became a millionaire after selling her tech startup.
• Several millionaires attended the charity gala.

This word is used to describe a wealthy and powerful businessperson, often owning or controlling a large company or industry. It is typically used in a business or economic context.

• The media tycoon owns several major newspapers and TV stations.
• She is a real estate tycoon with properties all over the world.

This term refers to someone whose power derives from their wealth. It often has a negative connotation, suggesting that the person uses their wealth to exert control or influence.

• The policies favored the plutocrats at the expense of the working class.
• He was criticized as a plutocrat who had little concern for ordinary people.

This is a broad, neutral term to describe someone who has a lot of money. It can be used in a variety of settings, from casual conversations to more formal discussions.

• He is a wealthy person who often donates to various charities.
• Many wealthy persons attended the exclusive event.

A millionaire is someone whose net worth is at least one million units of currency. This term is often used in contexts emphasizing wealth but not to the extreme of a billionaire.

• He became a millionaire after selling his tech startup.
• Despite being a millionaire, she still enjoys everyday activities.

A billionaire is someone whose net worth is at least one billion units of currency. This term is typically used to describe individuals with immense wealth and significant influence.

• The philanthropist is a billionaire who donates large sums of money to various causes.
• The company was acquired by a billionaire entrepreneur.

Rich person is a more general term that describes someone who has a lot of money or assets. It can be used in a variety of contexts, both formal and informal.

• He married a rich person and now lives a life of luxury.
• She dreams of becoming a rich person one day.

Moneyed individual refers to someone who has considerable wealth. This term is more formal and less frequently used in casual conversation.

• The gala was attended by many moneyed individuals and business elites.
• As a moneyed individual, he was able to fund the entire project.