Millionaire on Paper

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Yet when I'd ask my Internet stock paper millionaires why they were holding their.com stocks, the response was usually: "Paul, I'm holding these things because they are going up and the Internet will change the world!" Well, the Internet has changed the world, but many of those stocks became complete busts.
The top 20 all were paper millionaires just in actual compensation.
The book is divided into thematic chapters, including "Evangelists and Entrepreneurs," "Paper Millionaires" and "Raising Money Is a Hustle."
Last year prices grew by record 36 per cent with thousands of investors becoming paper millionaires.
The couple, who started the site from their home in Barnet, Hertfordshire, when Julie was pregnant with her first child, Amber, are paper millionaires who have so far decided not to sell out to commercial bidders.
Management and employees now own about 30 per cent of MITIE and the company has produced at least three dozen paper millionaires.
Researchers confirmed soaring valuations had transformed many on the property ladder into paper millionaires.
These days, or course, they don't expect instant praise in the broadsheet newspapers, nor do their founders anticipate becoming paper millionaires within days of launch.
These days,or course, they don't expect instant praise in the broad sheet newspapers,nor do their founders anticipate becoming paper millionaires within days oflaunch.
Lastminute.com was famed for turning founders Martha Lane Fox and Brent Hoberman into paper millionaires overnight when it floated in March 2000.
Ms Lane Fox and Mr Hoberman became paper millionaires as shares soared from the initial price of 380p to 550p.