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:
“Now fades the lasts long streak of snow,
Now burgeons every maze of quick
About the flowering squares, and thick
By ashen roots the violets blow.”
—Alfred Tennyson (1809–1892)
“Every man needs slaves like he needs clean air. To rule is to breathe, is it not? And even the most disenfranchised get to breathe. The lowest on the social scale have their spouses or their children.”
—Albert Camus (1913–1960)
“For one swallow does not make a summer, nor does one day; and so too one day, or a short time, does not make a man blessed and happy.”
—Aristotle (384–322 B.C.)