👉 A multimillionaire is a person who has assets worth over $1 million, which can be considered to be extremely wealthy. These individuals have significant financial resources and are often associated with luxury goods, investments, and high-end activities. They typically hold multiple properties, such as homes or businesses, and may own large amounts of cash or other financial assets. Multimillionaires are often seen as the wealthiest individuals in their respective countries and can influence political and economic decisions.