Which kind of rich do you mean? The ‘this person is truly wealthy but it’s not unreasonable’ or ‘this person is unacceptably rich and should have their money taken away if not worse’?
The former can be somewhere around…$10,000,000 or so. Lower the older the person is really (cause I consider rich versus remaining expected lifespan), so maybe even as low as $6,000,000 for someone who’s currently 40.
The latter where it’s simply unacceptable for people to have that much I’d start the cutoff around $400,000,000 or so.
And slight sidenote on the unacceptable levels: Elon Musk and Jeff Bezos both are so unacceptably wealthy that they could make one person a day wealthy by my $10,000,000 standard…every day…for 100 years…before running out (and that’s assuming they stopped accruing money at the beginning of this)…and still be unacceptably wealthy to a crazy degree.
Oh and all my numbers are assuming no additional income and definitely no interest or investment (but also assuming the money remains the same value it has today).
Which kind of rich do you mean? The ‘this person is truly wealthy but it’s not unreasonable’ or ‘this person is unacceptably rich and should have their money taken away if not worse’?
The former can be somewhere around…$10,000,000 or so. Lower the older the person is really (cause I consider rich versus remaining expected lifespan), so maybe even as low as $6,000,000 for someone who’s currently 40.
The latter where it’s simply unacceptable for people to have that much I’d start the cutoff around $400,000,000 or so.
And slight sidenote on the unacceptable levels: Elon Musk and Jeff Bezos both are so unacceptably wealthy that they could make one person a day wealthy by my $10,000,000 standard…every day…for 100 years…before running out (and that’s assuming they stopped accruing money at the beginning of this)…and still be unacceptably wealthy to a crazy degree.
Oh and all my numbers are assuming no additional income and definitely no interest or investment (but also assuming the money remains the same value it has today).
I guess what would it take for you to look at yourself and conclude that you’re rich?
For me, given my age and all…five million.