Definition of Accredited Investor
- Individual income exceeds $200,000, or combined income with their spouse exceeds $300,000, in each of the past two years and the expectation to reach the same level this year;
- Individual financial assets, or joint financial assets with their spouse, exceeds $1 million (excluding the value of their principal residence and other real estate);
- Individual net worth, or joint net worth with their spouse, exceeds $5 million (including principal residence, real estate, and other assets).