“I made it”

Translation: I crossed $30m in investable assets.
Not net worth on paper. Not house equity.
Liquid, deployable, compunding capital.
That’s an UHNWI.
Globally, that’s ~626,000 people or ~0.008% of humanity. Roughly 1 in 12,800.
Historically, the S&P 500 has returned 8-10% annually over the long term. Let’s stay conservative. Assume 8% annual return on $30m. That’s $2.4m per year.
Without touching principal.
If you own $30m and earn average market returns, you’d have to spend more than $2.4-3m every year just to stop growing.
That’s the difference between being rich and being structurally wealthy. At that scale, lifestyle inflation doesn’t bankrupt you. It has to outrun compounding.
When your annual market return exceeds what most people earn in multiple lifetimes, your capital has a full time team working to multiply it.
I know cases of UHNWIs who blindly trusted teams of bankers and investment advisors and watched them burn through fortunes.
Very few people will ever reach UHNWI status.
But those who do face a different risk:
Complacency.
At that level, keeping control and understanding your capital allocation is critical.
Outsource it blindly and even $30m can vanish.