An important distinction is paper rich vs cash rich. A lot of startup founders are technically millionaires since the equity they own is valued at such. Actual

An important distinction is paper rich vs cash rich. A lot of startup founders are technically millionaires since the equity they own is valued at such. Actually getting the value in cash at some point is a lot harder, and the company may fail before then. So technically you can be a millionaire, but only afford to live off ramen.