are you considered poor/middle-class/upper-class/mega rich if you earn...?

Question

there's this man in my country. he's in malaysia (which is next to singapore in the south-east asia).

he works as a CEO/managing director/executive director and owns 10% of his company on paper but 90% literally.

he has a swimming pool, a river and two waterfalls for his exterior design of his house.
his first house costs RM 3.5 million + 2 million (for furniture) = 5.7 million ringgit. in the US, it costs 1.7 million bucks.
his second house costs RM 1 + RM 2 million (for furniture) = RM 3 million ringgit. in the US, it costs around 1 million bucks.
he has a few other houses which costs around 500,000 dollars - 1 million dollars altogether.

his wife owns TONS of couture clothes.

he owns 8 computers in total, 10 televisions altogether, 9 telephones and a few bunch of stuff.

he takes a loan, too and spends approx $165,000 for 4 of his elder children and nearly $40,000 for his 2 younger ones. he also has 3 cars.

is he considered middle-class/upper-class/mega rich in the US?

he also owns two 30,000-dollar cars , and an 80,000-dollar-mercedes benz.

Answer 1

Interesting case you have presented.

If he truly owns those things, then yes, he is indeed (mega-)rich.

Have you ever considered that he owns almost none of it and that he just lives an incredibly extravagant lifestyle but has almost nothing saved? He could have huge payments on all of the houses, be paying per month on the furniture, lease the cars, have credit card debt out the wazoo for couture clothing and then also have the loans.

This would be typically American. Look like you have a ton of money (big house, 2 cars, vacation home, fancy things) and be 1 missed paycheck from bankruptcy!!!

good luck!

Answer 2

the place do you reside? In Oklahoma you will get a mansion for the comparable cost you will get a dinky little piece of assets in NYC. I wont evaluate that wealthy. you basically sound middle or greater classification unquestionably. NJ no longer undesirable, i'm going to declare greater classification. buddy tend to magnify, my ultimate buddy calls my kinfolk wealthy by using fact i grew up with plenty and lived in NYC. Hes from Oklahoma and tell me how "much less costly" it somewhat is to be wealthy. the two way you do no longer ought to be wealthy, your residing exceedingly sturdy

Answer 3

mega-rich.

folks in the u.s. aren't as wealthy as people think. it's a very small percentage at the top. the person you've mentioned would fit right in - to the top.

Answer 4

Mega!

Answer 5

who cares about money is he happy???

i am more happy now making 40/hr than i was making 15k a month