BILLIONAIRE
:''For other uses see Billionaire (disambiguation).''
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.
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 first ''Forbes'' ranking of billionaires in 1986 found 140 US-dollar 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.
1. Askoxford.com
2. Foreignpolicy.com
★ Lists of billionaires
★ List of countries by the number of billionaires
★ Pareto distribution
★ Gini coefficient
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.
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 first ''Forbes'' ranking of billionaires in 1986 found 140 US-dollar 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.
| Contents |
| References |
| See also |
References
1. Askoxford.com
2. Foreignpolicy.com
See also
★ Lists of billionaires
★ List of countries by the number of billionaires
★ Pareto distribution
★ Gini coefficient
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