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I (and partner) just bought a house in that price range and we’ll have to pay it off in the next 30 years. I feel very rich for this, even though my net worth is of course still waaay below that figure.

If you can afford paying a house this price out of your pocket without a mortgage, that definitely sounds ultra-rich to me.

That being said, I think putting in that exact number might not be the best strategy to get many people to sign. I’d have aimed a higher, maybe 5M€.

People never like to be consider themselves rich, everyone always likes to think of themself as being part of the middle-class. Everyone who thinks they might at some point reach those 1.25M€ of net worth (even of mostly illusory) on top of business and residence might thinks it’s too little as a threshold.

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