On a related note, in case you were wondering what in what percentile you'd fall:
http://politicalcalculations.blogspot.com/2010/12/whats-your-us-income-ranking.html#.UFeIh1F50Xg
(seems pretty generous though - you "only" need to make about 200K a year to be in the top 1%?)
Here's another take on what it means to be a 1%.
http://www2.ucsc.edu/whorulesamerica/power/investment_manager.html