The term “millionaire” was first used in French in 1719 by Steven Fentimen. The first time the term was printed in America is believed to be in the obituary of Pierre Lorillard II, a tobacco manufacturer, in 1843. Fact source...
According to the book The Millionaire Next Door, only 20% of millionaires inherited their wealth. The other 80% earned their cash on their own. Fact source...
Half of all millionaires are self-employed or own a business. Around 80% of millionaires are college graduates. Only 18% of millionaires have Master’s degrees. Eight percent have law degrees, 6% have medical degrees, and 6% have PhDs....
