Billionaire - Long Scale Billionaires/short Scale Trillionaires

Long Scale Billionaires/short Scale Trillionaires

In countries that use the long scale number naming system, a billionaire would have one million million (1,000,000,000,000) units of currency. Under the short scale number naming system, an individual with such a fortune would be a trillionaire. There are no known euro or U.S. dollar trillionaires – in U.S. dollars, such a fortune would be roughly equivalent to the entire 2010 gross domestic product of Mexico. However, some individuals have attained fortunes of over one trillion units in other currencies. According to VnExpress, 9 Vietnamese had stock market assets valued at over one trillion đồng (US$47.5 million) by the end of 2011. According to the Korea Herald, there were 16 Koreans with stock market assets valued at over one trillion won (US$895 million) on March 9, 2012. According to the Jakarta Globe, 116 Indonesians had assets worth over one trillion rupiah (US$117 million) in 2011.

In countries affected by severe hyperinflation, some individuals can become trillionaires as currency units are printed in larger and larger denominations, although in such cases the currency itself quickly becomes virtually worthless.

Read more about this topic:  Billionaire

Famous quotes containing the words long, scale and/or short:

    in the pleasure of that communion

    I lose track,
    the moon I watch goes down, the

    tide swings you away before
    I know I’m
    alone again long since,
    Denise Levertov (b. 1923)

    I by no means rank poetry high in the scale of intelligence—this may look like affectation but it is my real opinion. It is the lava of the imagination whose eruption prevents an earthquake.
    George Gordon Noel Byron (1788–1824)

    You can write anything you want to,—a six-act blank verse, symbolic tragedy or a vulgar short, short story. Just so that you write it with honesty and gusto, and do not try to make somebody believe that you are smarter than you are. What’s the use? You can never be smarter than you are.
    Brenda Ueland (1891–1985)