National Be a Millionaire Day is a celebration dedicated to promoting financial success and encouraging people to pursue their dreams of achieving wealth. It’s a day to think, act, and plan like a millionaire while taking practical steps toward financial independence.
Quick Facts
When is it?: May 20th annually
Tagged as: Financial Holiday, Aspirational Day
What’s the hashtag?: #BeAMillionaireDay
When was it founded?: 2015
Who founded it?: Unknown, originated on the internet
History of National Be a Millionaire Day
The concept of millionaires emerged in the 17th century when John Law became the first documented millionaire through his Mississippi Company. The term “millionaire” was coined in French in 1719 and first appeared in English print in 1786 when Thomas Jefferson wrote about French society.
Timeline
- 1719: First use of the term “millionaire” in French
- 1786: First printed use of “millionaire” in English
- 1916: Term “billionaire” created for John D. Rockefeller
- 2015: National Be a Millionaire Day established online
Dates by Next Year
| Year | Month | Date | Day |
|---|---|---|---|
| 2025 | May | 20 | Tuesday |
| 2026 | May | 20 | Wednesday |
| 2027 | May | 20 | Thursday |
| 2028 | May | 20 | Saturday |
| 2029 | May | 20 | Sunday |
| 2030 | May | 20 | Monday |
How It’s Observed
People celebrate by creating financial plans, researching investment opportunities, attending financial seminars, or simply treating themselves to luxurious experiences that make them feel like a millionaire.
Fun Facts About Millionaires
- About 80% of millionaires are self-made
- Most millionaires drive economical cars rather than luxury vehicles
- The average millionaire goes bankrupt at least three times
- There are approximately 46.8 million millionaires worldwide
- California has the highest concentration of millennial millionaires
Quiz
- What percentage of millionaires inherited their wealth?
- In which year was the term “millionaire” first used?
- Who was the first documented millionaire?
-(Answers: 20%, 1719, John Law)
FAQs
- How many millionaires are in the US?
- 18.6 million
- What percentage of global wealth is controlled by the top 1%?
- 47%
- What’s the most common path to becoming a millionaire?
- Business ownership
Related Holidays
- Financial Awareness Day
- National Investment Day
- World Savings Day
- Financial Independence Day
- Money Smart Week
- Global Money Week