Meaning of “paper millionaire” in the English Dictionary

business-english dictionary

"paper millionaire" in Business English

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paper millionairenoun [ C ]

uk us MONEY

a person who would have at least 1 million in their country's money if they sold all their investments:

She calculated that her stock options made her a paper millionaire.

(Definition of “paper millionaire” from the Cambridge Business English Dictionary © Cambridge University Press)