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