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.
No a billion is a thousand million. Yes. A millionaire is merely rich, but a billionaire is obscenely rich.
Plenty! You don't "pay tax" or "not pay tax" just because you're a "Billionaire" You are libel for tax on money you earned in a given year. If you purchase a new Jet aircraft worth $2.500,000, you will pay a% for sales tax. (i.e. 5% is $125,000). Let's say you put this money in a bank and let it draw interest at 6%; that's about $6,000,000. earned income; the US Gov't expects 52% a little over $3,500,000. Still thing the rich don't pay their share????? and think again.
he is a favorite and respected dantata family member related to aliko dangote. his MRS GROUP is consisted of a variety of companies broadly ranging from investments to oil trading & wide distribution. he could easily enter Forbes' Billionaire manifest at any time, however he is waiting for the right moment.
rich
The answer is yes, but not every trade will become rich from trading the Forex. The FX market provides us with the opportunity to use leverage what can increase a trader's return on investment substantially. However, most traders are unable to understand the risks and rewards of using leverage and many end up getting burned. There are a couple of famous investors who have made billions with the Forex. Including, George Soros, Bill Gates, and Warren Bugget Personally, I have only met 2-3 Forex traders who have become rich from the Forex market. Nevertheless, you can still become a billionaire if you know hat you are doing and are consistent. The forex market (or any speculative financial market) is the only way in my opinion that one person can become wealthy in a short amount of time. A traditional business takes much longer to accumulate wealth.
No a billion is a thousand million. Yes. A millionaire is merely rich, but a billionaire is obscenely rich.
He is very rich
Omg of course he is he is a billionaire
People will be rich!
Ajay Devgan is not a Billionaire. He is a nice actor but not that rich. The amount of movies he has done is not enough.
Yes, he's rich but not a billionaire yet.
Nope he is just famous and rich
i don't really know probably a billionaire. :)
jerry seinfeild is a felthy rich man kay?
Billionaire by Travie McCoy
Maybe, if he hits the lotto he will become rich and I will get everything in the world !
Forbes 20 Billionaire Heiresses Young Fabulous and Incredibly Rich - 2007 TV was released on: USA: 23 November 2007