Controlling $1 million in assets?

[Charlotte Dunford]

When someone says they control $1 million in assets. Does that mean they 1) have $1 million in total assets they own? Or 2) manage $1 million of investments for investors Or 3) they own properties that are worth in total of $1 mil? Or 4) they operate properties worth a total of $1 mil?

Thoughts?

[David Gotsill]

@Charlotte Dunford - And while it could be any of those scenarios, I think scenario (1) is least likely.  If they owned the assets, it's likely they would use "own" rather than "control".  By the very use of the word "control" you can infer they don't own it.  How often can you think of a person who says "I control my own home!"  Never.