Goodbye millionaire, we’re living in ‘thrillionaire’ times

A MILLION pounds is not worth what it used to be, with people now needing nearly £3 million (€4.4m) to lead a millionaire’s lifestyle, research reveals.

Private bank Coutts & Co said the value of £1m (€1.46m) had eroded so much over the past 25 years that the term millionaire was less meaningful than it once was.

It said people would need £2.6m (€3.8m) to fund a lifestyle that included a luxury five-bedroom house with two staff, two luxury cars, an apartment and yacht in the South of France and enough money to dine out twice a week and take two luxury holidays a year.