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:
“The world’s great day is growing late,
Yet strange these fields that we have planted
So long with crops of love and hate.”
—Edwin Muir (1887–1959)
“We honor motherhood with glowing sentimentality, but we don’t rate it high on the scale of creative occupations.”
—Leontine Young (20th century)
“We approached the Indian Island through the narrow strait called “Cook.” He said, “I ‘xpect we take in some water there, river so high,—never see it so high at this season. Very rough water there, but short; swamp steamboat once. Don’t paddle till I tell you, then you paddle right along.” It was a very short rapid. When we were in the midst of it he shouted “paddle,” and we shot through without taking in a drop.”
—Henry David Thoreau (1817–1862)