Similarly, saying modern humans have 98% modern human DNA seems a bit circular. And how is that 98% calculated? Don't we share 98% DNA with chimpanzees and bananas or whatever? Is it 99% of that final 1%?
A more relevant example: the diversity of genetics in Africa could be counted as like 20 "races" if races were based on genetics, but instead we generally lump them mostly into 1 of 4-5 vague historical socioeconomic groupings. So you have one "white" parent and you're mixed race, but you could have two more genetically different African parents and not be considered mixed. It's nostly about where you draw subjective lines.