Glossary of Business Terms - Billionaire |
Billionaire
: A Billionaire generally refers
to an individual whose net wealth equals
or exceeds one billion dollars or pounds.
If the individual has wealth in a currency
other than dollars or pounds, the value
of wealth is assessed according to general
exchange rates. A billionaire is a millionaire
one thousand times over.
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Although a
"billion" used to be considered
a million million, the American definition
of one thousand million has become more
common in recent decades. One billion is
numerically written as 1,000,000,000 and
both the United Kingdom and the United States
assess their billionaires based on the amassed
wealth in their native currency.
The magazine Forbes publishes an annual
list of the world's
wealthiest people, all of which can
be considered billionaires.
Also called : Super-Rich or in the
Billionaires Club.
More Billionaire Information : World
Billionaires, American
Billionaires, Australian
Billionaires, Forbes
Billionaires List, American
Rich Lists, Australian
Rich Lists, and Rich
Lists
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