Definition: Ultrawealthy is a term that refers to individuals or households with significant financial resources, often associated with high incomes and wealth. This can include assets exceeding $1 million (or more) in value, as well as substantial investments in real estate, stocks, and other assets. Ultrawealthy individuals are typically characterized by their ability to accumulate large sums of money over a period of time, which they use for various purposes such as luxury living, investment, or philanthropy. They
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