Why are there no billionaires in England?
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July 29th, 2010 | Category: 
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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.