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Encyclopedia > Billionaire

A billionaire is a person who has a net worth of at least one billion units of currency, such as United States Dollars (USD), Pounds or Euros. Net worth (sometimes net assets) is the total assets minus total liabilities of an individual or company. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... “GBP” redirects here. ... “EUR” redirects here. ...


Though a "billion" used to be a million million in much of the Commonwealth of Nations, the American version (one thousand million) is commonplace now in the UK; so in Britain a billionaire is someone with a net worth of at least 1,000,000,000 pounds[1]. According to Forbes Magazine, the year 2006 saw not only the biggest increase in billionaires around the world, but also was witness to the biggest economic expansion in history. It is believed that in that period, the world economy grew at an extraordinary rate of 2.5%. The four cities that have the largest concentration of billionaires according to Forbes are New York City, Los Angeles, Moscow and London. The long and short scales are two different numerical systems used throughout the world: Short scale is the English translation of the French term échelle courte. ... This article needs additional references or sources for verification. ...


The first Forbes ranking of billionaires in 1986 found 140 billionaires around the world. The 2007 Forbes ranking counted a total of 946 whose accumulated wealth measured US$3.5 trillion[2]. John D. Rockefeller was the first billionaire in 1916. This article or section does not adequately cite its references or sources. ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... Year 2007 (MMVII) is now the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... One million million (1,000,000,000,000) is the natural number following 999,999,999,999 and preceding 1,000,000,000,001. ... John Davison Rockefeller, Sr. ...


References

  1. ^ Askoxford.com
  2. ^ Foreignpolicy.com

See also


  Results from FactBites:
 
Billionaire - Wikipedia, the free encyclopedia (145 words)
A billionaire is a person who has a net worth at least one billion units of currency, such as United States Dollars (USD), Pounds or Euros.
Though a "billion" used to be a million million in much of the Commonwealth of Nations, the American version (one thousand million) is commonplace now; so in Britain a billionaire is someone with a net worth of at least 1,000,000,000 British Pounds.
The first Forbes ranking of billionaires in 1986 found 140 billionaires around the world.
  More results at FactBites »

 
 

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