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:
“And long shall timorous fancy see
The painted chief, and pointed spear,
And Reason’s self shall bow the knee
To shadows and delusions here.”
—Philip Freneau (1752–1832)
“I don’t pity any man who does hard work worth doing. I admire him. I pity the creature who does not work, at whichever end of the social scale he may regard himself as being.”
—Theodore Roosevelt (1858–1919)
“When I consider the short duration of my life, swallowed up in the eternity before and after, the little space which I fill and even can see, engulfed in the infinite immensity of spaces of which I am ignorant and which know me not, I am frightened and am astonished at being here rather than there. For there is no reason why here rather than there, why now rather than then.”
—Blaise Pascal (1623–1662)