In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year:

(A Sophisticated investor has knowledge of any types of financial matters, business matters, real estate, or education to allow them to reasonably interpret the merits of an offering.).