There are two questions that need to be addressed before answering.

What is in this net worth?
Having a $2 million dollar personal house (net worth of 2 million + NO monthly income) and having a $2 million dollar business (net worth of 2 million + monthly income) are the not the same.

What do you consider rich?
When we don't have much, we consider people above us to be rich. But there are different levels. Someone who has $2 million is not the same as someone who has $200 million, and that person is not the same as someone who has $20 billion.

And if you go to poorer countries (like Brazil where I was born), the threshold to be considered rich is much lower. In fact, having a $50,000 car would be considered rich there.

So is this person rich?
To me, knowing nothing about this $2 million net worth, it's hard to say.

If someone has $2 million net worth, but it's all tied up in their house and so they can't do anything with that money, I don't consider that to be rich/wealthy at all. -> 하우스푸어

But if that person has a $2 million business, for example, which gets them $3,000/month passive income (the business makes this money automatically) and they can live off of that income, then I consider this person to be VERY rich/wealthy. (우리집이랑 거의 똑같은데 나는 부자라고 생각 안 함. 걍 중산층;;)

To me, wealth is measured not in amount of money, but in how long you can live off of that money.