Billionaire facts for kids

A billionaire is somebody who has at least one billion units of currency (for example, British pounds £ or American dollars $). It is not clear how much a billion is. In Europe a billion is one million million (1,000,000,000,000) with 12 zeros. However, in the United States a billion is one thousand million (1,000,000,000) with 9 zeros. Some people in the United Kingdom, especially banks, also use the American way.

"Milliard" is used for 1,000,000,000 in countries that use one million million for billion.

Images for kids

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  Global share of wealth by wealth group, Credit Suisse, 2017

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  The number of billionaires that, with assets combined, would own as much money as half the world population, and what transport they would fit on, between years 2010 to 2016

See also

In Spanish: Milmillonario para niños