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Millionaire on Paper
(redirected from Paper millionaire)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Millionaire on Paper
A person with net assets in excess of $1 million (or the equivalent in another currency) but with less than that amount available in cash or cash equivalents. For example, a millionaire on paper may own a house worth $2 million, but have significantly less in salary or savings. A millionaire on paper may be able to borrow against his/her assets but otherwise does not have access to his/her wealth unless he/she liquidates.


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Fat cats and paper millionaires were created overnight and corruption reigned.
He also built up his own property portfolio, with dozens of flats in Edinburgh, making him a paper millionaire several times over.
6% stake in the group and means its four owners are now paper millionaires.
 
 
 
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