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Meaning of high-net-worth individual
A high-net-worth individual refers to a person with a significant amount of wealth or assets.
Etymology of high-net-worth individual
The term "high-net-worth individual" originated in the financial industry, where it was used to describe individuals with a significant amount of wealth or assets.
The phrase "net worth" refers to the total value of an individual's assets minus their liabilities, and "high-net-worth" describes an individual with a net worth that exceeds a certain threshold, typically $1 million.
Synonyms
affluent individual
wealthy person
high-income earner
rich person
millionaire
billionaire
affluent person
prosperous individual
well-off person
wealthy individual
high-net-worth person
rich individual
affluent investor
high-earner
wealthy investor
prosperous person
well-heeled person
moneyed person
wealthy family
high-society individual
upscale person
luxurious lifestyle individual
elite individual
upper-class person
high-income individual
affluent family
wealthy elite
high-net-worth investor
prosperous family
Definitions
- A high-net-worth individual is defined by Oxford Languages as a person with a large amount of money, assets, or investments, typically with a net worth of over $1 million.
- * This term is often used in the context of finance, wealth management, and investment to describe individuals who have a substantial amount of wealth and are considered to be in a high-income bracket.
Usage Examples
- The private bank catered to high-net-worth individuals, offering personalized wealth management services and investment advice.
- * The luxury hotel was popular among high-net-worth individuals, who appreciated its upscale amenities and exclusive atmosphere.
Antonyms
low-income individual
poor person
impoverished person
destitute person
bankrupt individual
insolvent person
struggling person
financially strained person
low-earner
underprivileged person
disadvantaged person
needy person
poverty-stricken person
financially struggling person
broke person
penniless person
impecunious person
indigent person