Many SV millionaires still consider themselves to be "upper middle class" (rather than say, lower upper class), and while it may be a bit inaccurate in an absolute monetary sense, the sentiment may actually be somewhat justifiable considering their relatively lack of influence/status/connections that really drive the country (the "old money", for instance).

In that sense, even the SV millionaires are outsiders to the real power brokers, the real upper class, the real movers of the country.