What is a Demimillionaire?

A demimillionaire is someone who has a net worth of between $10 million and $25 million. This term is used to describe individuals who are wealthy but not quite ultra-high net worth (UHNW) individuals, who have a net worth of $30 million or more.

The term "demimillionaire" is derived from the French word "demi," meaning half, and the English word "millionaire," meaning someone with a net worth of one million dollars. It was first used in the early 20th century to describe individuals who were wealthy but not quite as wealthy as true millionaires.

Demimillionaires are often business owners, entrepreneurs, or investors who have built up significant wealth over time through their careers or investments. They may also be heirs to large fortunes or have inherited significant wealth from family members.

While demimillionaires are certainly wealthy, they do not have the same level of financial resources as UHNW individuals. However, they still have a significant amount of money at their disposal and are considered to be financially successful.