Christopher, a good friend of yours, desires to invest with a hedge fund manager. Before he is able to do so, which of the following criteria must he meet to become an accredited investor?
1) Have a net worth of at least $1 million, excluding the value of their primary residence
2) Have an annual income of at least $200,000 for the past two years ($300,000 for joint income with spouse)
3) Have a professional certification in finance or investment management
4) Have a recommendation from a current accredited investor