Why is an American billionaire not as rich as an English Billionaire?
Because English pounds are worth more than US dollars. You can
have a billion US dollars, and it only converts into 520 million
English pounds.
Also a British billion is a million million and an American
billion is only a thousand million.
You can be a billionaire in Vietnam Dong by converting only
63,000 USD, and be one of the poorest billionaires in the
world!
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If I'm not mistaken, this comes from the old saying "You're not
a billionare, unless you are an English billionare."
The reason for this, is because in the US, and in England, 1
billion is a different number.
In America (not sure about the rest of the world) A billion, is
1,000,000,000 (1 thousand Million).
In England, a billion, is 1,000,000,000,000. (1 Million,
Million). Although when you hear the number mentioned in the
newspapers or wherever, they tend to use the American billion.
Related Q&A：
How old was Steve Jobs when he became a billionaire？Well, Steve Jobs became a billionaire at the age of 40. That's quite an achievement, huh? He was a true visionary and entrepreneur who revolutionized the technology industry. It wasn't an easy journey for him, but his determination and innovative ideas led him to that remarkable milestone. Can you imagine achieving such success at that age? It's truly inspiring!
