Mar 24th, 2008 / Written by David Isserman
Recently, Barron’s published an article titled, “Are you rich?”, in which Tom Sullivan explores the ins and outs of true wealth.
According to this article, you aren’t really rich until you have $25 million. Seems high, right?
It turns out that being truly wealthy has to do with retirement. With $25 million, you will be free of any financial worry when you retire and can easily create an annual income of $1 million.
The article breaks down true wealth into three categories:
- Beer & Pretzels ($25-$50 million = 125,000 U.S. Households) — Allows you to live the high life…
- Wine & Cheese ($50-$500 million = 49,000 U.S. Households) — Allows you to stop flying commercial airlines and buy vacation homes…
- Caviar & Champagne ($500+ million = 1,400 U.S. Households) — Allows you to buy a palace and a mega yacht…
Even if you don’t fit into the Beer & Pretzels category (or any of those categories), don’t feel bad. A website run by Poke – the same group that made Unlimited for Orange (See An infinitely long webpage…because “Good Things Should Never End” ) – has created another website, Global Rich List, that helps you realize how fortunate you really are.
For example, let’s say you have an annual income of $100,000. Well, then you’d be the 39,615,049th richest person in the world! And if you visited Poke’s Rich-O-Meter, it would tell you that there are 5,952,586,436 people poorer than you.
So if you make $100,000, but still can’t afford to play with the Beer & Pretzels crowd, remember this…you’re still in the TOP 0.66% richest people in the world…
