He says that there is a 1-in-a-million chance you'll get rich. There's 314 million people in the US. Is it statistically true that only 314 Americans will ever get rich?
If you define rich as billionaire, that's about right. There are 492 billionaires in the US, according to Wikipedia.
I guess there is that distinct difference between rich and wealthy, where wealthy means you have just reached the point where you can live off of your investments.
I guess rich is just lots of money, regardless of what you do with it?
Exactly. And those 314 people probably control the country anyway.