Beach Day by Rodger Bliss
September 2022
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Money, money, money

Why are there no billionaires in England?

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2 guesses to Money, money, money


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  • det

    cause the UK billion means 10^12 and US billion is 10^9, so it isn’t really possible own such a huge amount of money in England (the nominal GPD of the whole UK was ~2.1*10^12 USD)
    on the other hand I guess there are a lot of billionaires in England, they only have to change their money to other currency for example HUF (1 GBP = 340 HUF), so you “only” need 2.94*10^9 GBP (or 1 US Dollar = 4,947.90 Zambian Kwacha)

  • You’re correct, Det.

    Here’s our explanation:

    A billion dollars in England is a million times a million (they figure it differently). So, to be a billionaire in England, you would have to have a million, million pounds, what we call a trillion dollars or a trillion pounds. And nobody in England has that kind of money, not even the Queen Mum.

    So Cheerio old chap, you’re today’s winner.