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Billionaire Definition 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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