Meaning of hundred-thousandaire | Babel Free

Definitions

A person whose net worth is at or greater than one hundred thousand units of the local currency.

Examples

“The “swollen fortune” is a fact in our economic development. There may be but one billionaire but there are any number of millionares, thousands of hundred-thousandaires and hundreds of thousands ten-thousandaires. From the point of view of the man who has nothing, an American farmer with ten thousand has a “swollen fortune,” and it is swollen far beyond the farmer’s pro rata share of the country’s wealth. The “swollen fortune” is not a thing of absolute magnitude, but entirely a matter of comparative size.”

“Seriously speaking, it is a very real question whether social discontent can be allayed by heavy taxes on large fortunes and incomes. Millionaires are a fact, and far from a wholly pleasing one; but how about the hundred-thousandaires and the hundreds of thousands of ten-thousandaires? To the migratory laborer with fifty dollars, or the wobbly with no dollars, there is just as much injustice in a skilled workman having two thousand dollars invested in a house or a savings bank as there is in a manufacturer having one million.”

“And so, while waiting for my windfall, I decided to turn to a few men who already had passed the million mark by 40. I was curious about their strategies, spending habits, family lives, and frustrations. And I wanted to know what they did for fun. I wasn’t looking for a financial blueprint; I was in search of a few lessons that I and other “hundred-thousandaires” might appreciate.”

“Worst of all, countless millions of American children suffer from insecure financial futures and hear their parents crying out in their sleep from hideous nightmares because of the horrific collapse of the Internet stocks in April 2000 and after. So many billionaires became only millionaires. So many millionaires dropped to only hundred-thousandaires overnight.”

“The base level of membership, an unspoken junior status, was accorded to those journeymen who labored in white-shoe law firms or in the outer fringes of the C-suite, bound to their jobs by the golden handcuffs of the hundred-thousandaires.”

CEFR level