Definition, Meaning & Synonyms

self-made millionaire

noun

/sɛlf-meɪd ˈmɪljəneər/

Definition

A self-made millionaire is a person who has achieved significant wealth through their own efforts and not through inheritance or outside financial support.

Examples

Despite having no financial backing, she became a self-made millionaire through her innovative technology startup.
Many self-made millionaires credit their success to perseverance and smart investments.
He started with a small loan and turned into a self-made millionaire in just a few years.

Meaning

The term refers to individuals who have built their fortune from scratch, relying on their own skills, hard work, and determination instead of relying on family fortune or connections.