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:
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—Matthew Arnold (1822–1888)
“I own I never really warmed
To the reformer or reformed.
And yet conversion has its place
Not halfway down the scale of grace.”
—Robert Frost (1874–1963)
“When the Revolutionaries ran short of gun wadding the Rev. James Caldwell ... broke open the church doors and seized an armful of Watts’ hymnbooks. The preacher threw them to the soldiers and shouted, “Give ‘em Watts, boys—give ‘em Watts!””
—For the State of New Jersey, U.S. public relief program (1935-1943)