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:

    Madam, a circulating library in a town is as an evergreen tree of diabolical knowledge; it blossoms through the year. And depend on it ... that they who are so fond of handling the leaves, will long for the fruit at last.
    Richard Brinsley Sheridan (1751–1816)

    We honor motherhood with glowing sentimentality, but we don’t rate it high on the scale of creative occupations.
    Leontine Young (20th century)

    Sir, they are a race of convicts, and ought to be thankful for anything we allow them short of hanging.
    Samuel Johnson (1709–1784)