Does $3 million net worth mean you are rich?

got a friend in the states and his family are worth $3 million. Does that mean he is wealthy/rich/well off or what? not quite sure what it means in the states to have $3 million net worth. They dont even have any stocks! So its like just a house n their cars. What does $3 million mean in the states? where... show more got a friend in the states and his family are worth $3 million. Does that mean he is wealthy/rich/well off or what? not quite sure what it means in the states to have $3 million net worth.

They dont even have any stocks! So its like just a house n their cars.

What does $3 million mean in the states? where would that put you?
Update: no no he told me they own them all cash outright. house + 2 cars
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