I would say that you can state that you are rich (in my eyes), when you don't think about everything from money perspective. Financially established people live their life, pay the bills, travel, spend time with the family and don't worry about costs which are related to those activities. Yes, rich people always want to have more money, but it's kind of "sport interest", when you make money just to be better than your next rival, but in general new income will nit significantly change your life. I guess, if your capital can cover 100 years of good existence of your family members and yourself - you are rich. By saying good life, I mean that you have solved all moments for yourself and family with housing, healthcare, travelling, education, own business which gives passive income and can be passed to children or someone else + reserves for a dark days (here I can't tell how huge reserves must be, but even $XX XXX is better than nothing).