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Billion is a word for a large number, and it has two distinct definitions: . 1,000,000,000, i.e. one thousand million, or 10 9 (ten to the ninth power), as defined on the short scale.
One billion years may be called an eon in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is not common anymore, and the word has been used to mean one thousand million (1,000,000,000) for several decades.
Per Forbes (April 2024) [1]; Rank Rank per capita Country/Territory Billionaires Rate - World 2,781: 0.343 1 11 United States 813: 2.420 2 53 China 406: 0.288 3 58 India 200: 0.144
A billion is called arab (ارب), and one hundred billion/arab is called a kharab (کھرب). Lakh has entered the Swahili language as "laki" and is in common use. Formal written publications in English in India tend to use lakh/crore for Indian currency and International numbering for foreign currencies. [7]
A very large number raised to a very large power is "approximately" equal to the larger of the following two values: the first value and 10 to the power the second. For example, for very large n {\displaystyle n} there is n n ≈ 10 n {\displaystyle n^{n}\approx 10^{n}} (see e.g. the computation of mega ) and also 2 n ≈ 10 n {\displaystyle 2 ...
Each of these words translates to the American English or post-1974 British English word billion (10 9 in the short scale). The term billion originally meant 10 12 when introduced. [ 7 ] In long scale countries, milliard was defined to its current value of 10 9 , leaving billion at its original 10 12 value and so on for the larger numbers. [ 7 ]
In November 2021, Musk became the first person to have a net worth of more than $300 billion. [19] On December 30, 2022, due to declining stock values in Tesla, Musk had lost $200 billion from his net worth, the first person in history to do so, [20] [21] which was recognized by Guinness World Records in January 2023. [22]
Traditional American usage (which was also adapted from French usage but at a later date), Canadian, and modern British usage assign new names for each power of one thousand (the short scale). Thus, a billion is 1000 × 1000 2 = 10 9; a trillion is 1000 × 1000 3 = 10 12; and so forth.