According to the IRS, the annual income of the top 1% starts at $516,714 and averages $1,625,221: https://www.irs.gov/pub/irs-pdf/p5398.pdf https://www.irs.gov/

According to the IRS, the annual income of the top 1% starts at $516,714 and averages $1,625,221: https://www.irs.gov/pub/irs-pdf/p5398.pdf https://www.irs.gov/pub/irs-pdf/p5398.pdf I think certainly most of the bottom 90% would consider an annual income well in excess of $1M/year to be "ultra rich".