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:
“A glimpse through an interstice caught,
Of a crowd of workmen and drivers in a barroom around the stove late of a winter night, and I unremarked seated in a corner,
Of a youth who loves me and whom I love, silently approaching and seating himself near, that he may hold me by the hand,
A long while amid the noises of coming and going, of drinking and
oath and smutty jest,
There we two, content, happy in being together, speaking little,
perhaps not a word.”
—Walt Whitman (1819–1892)
“Another armored animal—scale
lapping scale with spruce-cone regularity until they
form the uninterrupted central
tail-row!”
—Marianne Moore (1887–1972)
“I have only ever made one prayer to God, a very short one: “O Lord, make my enemies ridiculous.” And God granted it.”
—Voltaire [François Marie Arouet] (1694–1778)