Howard Schultz Doesn’t Want to Be Called a Billionaire

The Guardian notes that when Howard Schultz asked by the New York Times whether he thought billionaires had become too powerful in American life, the coffee magnate complained that “the moniker billionaire now has become the catchphrase.”

Rather than using a word like billionaire to describe a person with billions of dollars, Schultz suggested it may be better to use expressions like “people of means” or “people of wealth.”