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.
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Famous quotes containing the words long, scale and/or short:
“I had been in the hurrying waters too long not to appreciate an opportunity to lie on the bank and rest, watch others, and gain strength for the coming years.”
—Ellen Henrietta Swallow Richards (1842–1911)
“... the meanest life, the poorest existence, is attributed to God’s will, but as human beings become more affluent, as their living standard and style begin to ascend the material scale, God descends the scale of responsibility at a commensurate speed.”
—Maya Angelou (b. 1928)
“When much intercourse with a friend has supplied us with a standard of excellence, and has increased our respect for the resources of God who thus sends a real person to outgo our ideal; when he has, moreover, become an object of thought, and, whilst his character retains all its unconscious effect, is converted in the mind into solid and sweet wisdom,—it is a sign to us that his office is closing, and he is commonly withdrawn from our sight in a short time.”
—Ralph Waldo Emerson (1803–1882)