According to the SEC an Accredited Investor is a person with an individual net worth, or a combined net worth with their spouse, in excess of $1,000,000 (excluding primary residence) when the investment is made; or has an income of $200,000 or more for the two previous years or a joint income combined with their spouse of $300,000 or more for those years and a realistic anticipation of an equal income amount in the present year.