Why is an American billionaire not as rich as an English Billionaire?

Answer 1

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!

------------------------------------------------------------------------------------------------------------------

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.