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Al has a current net worth of five million dollars, of which 2.5M is invested in Tesla stock. He purchased about 1,000 shares of Tesla for $200,000 and the stock has skyrocketed since. Al became a millionaire at the age of 45, prior to investing in Tesla stock (he is now 47 years old). Al shares insight into the financial advisory business, his financial goals, the importance of one’s time, and whether more money has brought less stress and more happiness.
I’m curious , would some consider a millionaire – gross or after tax ?
I have seen different definitions , like CNBC once quoted “investable assets worth a million “
Is it realized or unrealized to be considered a millionaire
Thanks