Millionaires, millionaires, day after day we watch and read about millionaires, actor's millionaires, singer's millionaires, heiress millionaires and others. Every day number of millionaires in the world is rising with incredible speed. This "millionaire" phenomenon became very important in global society, in fact, sometimes millionaires and billionaires are front news before domestic or global issues. In relation, large number of companies, news papers and TV stations are conducting detailed researches on their treasured assets.
But, are they all really millionaires?
A Millionaire, according to encyclopaedia is an individual who resides in a household whose net worth or wealth exceeds one million units of any currency. However, it can also be a person who owns one million units of any currency in cash, bank account or savings account.