ELI5: Explain Like I'm 5

High-net-worth individual

High-net-worth individuals are people who have a lot of money. They typically have at least one million dollars or more. This money can come from many different sources, like jobs, investments, inheritance, etc. High-net-worth individuals tend to have more influence and power than other people because of the amount of money they have. They can use their money to do things like buy luxury cars, houses, and travel to exotic places.