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"I caught a pretty good wave," he recalled, nearly doubling his substantial net worth within three years before heavy tax bills and the market skid brought him back to reality.
The group's Web site warns that "the project involves a high degree of risk and is not recommended for persons who do not have a substantial net worth or who cannot afford to lose any membership fees that may be paid".
There are millions more who have substantial net worth and large liquid assets.
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Families in the bottom 10%, however, saw "substantial declines in real net worth" between 2010 and 2013.
Many employees of start-ups have substantial parts of their net worth tied up in company stock, and some want or need to cash out.
"These people aren't going to start spending again until they see a substantial recovery of their net worth," says Kurtz.
Finally, from an investment point of view, a single property could be considered completely undiversified, which is bad news if it comprises a substantial portion of your net worth.
Take into consideration: The significant economic downturns and downsizings of the early '80s, '90s, 2000s, and the great recession, which caused a substantial reduction in the net worth and asset value of all Americans including seniors.
It also means that these retirees have built real equity in their homes, which often can represent a substantial part of their overall net worth.
Because home equity typically makes up a substantial portion of a retiree's net worth, it can arguably serve as a drag on income, net worth growth and overall quality of life in retirement.
The difference between the two: Witherspoon did not have a prenuptial agreement, and Phillippe will likely have a claim to a substantial portion of her $60 million estimated net worth.
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