Comparing 1 billion vs 1 million seems like one is a lot and the other is a little more. This makes us lump everyone who’s rich into the same category of “filthy rich”. But, most people don’t realize just how much LESS 1 million compared to 1 billion really is.
Millionaires are rich and billionaires are disturbingly richer than the rest. The difference between a million and a billion is 999 million.
The Difference Between A Million And A Billion
1 Billion dollars is 1000 times more than a million dollars. Think about it! It’s a ratio of 1:1000. If that doesn’t help you see the huge difference, here are some more comparisons.
1 billion dollars is a 10 figure number, while 1 million is 7 figures.
If someone made one million dollars a year, they would make about $480.77 per hour and $3,846.15 per day.
On the other hand, making a billion dollars per year would mean about $480,769 per hour and $3,846,153.85 per day.
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1 Million seconds in days= 11.57 Days
1 Billion seconds in days= 11574.07 Days (31.7 years)
Holy smokes that’s a whole lot of moolah!
- One Billion Dollars
- One Million Dollars
- 1,000,000,000= 1 Billion
- 1,000,000= 1 Million
- 109= 1 Billion
- 106= 1 Million
- 1 x 109= 1 Billion
- 1 x 106= 1 Million
Billionaires in the World
According to the Forbes list of billionaires in real-time, there are 2,697 people around the world with at least 1,000,000,000 dollars. Among those, here are the top ten richest people in the world:
- Elon Musk: $292.6 B
- Jeff Bezos: $195.9 B
- Bernard Arnault & family: $190.8 B
- Bill Gates: $137.4 B
- Larry Ellison: $130.0 B
- Larry Page: $126.2 B
- Sergey Brin: $121.6 B
- Mark Zuckerberg: $115.8 B
- Steve Ballmer: $104.6 B
- Warren Buffett: $104.4 B
Combined, the 10 richest people have 1,519.3 billion dollars. In comparison, there are over 7.9 B people on Earth. That’s enough to give each person $192.30
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The richest person in the world: Elon Musk ($292.6 B)
The richest woman in the world: Francoise Bettencourt Meyers & family ($90.8 B)
***Accurate as of Oct. 2021
1,000 million equals 1 billion.
A billion dollars is a thousand times greater than a million. A billion also has 9 zeros behind the 1, while a million has 6 zeros behind the 1.
Making $15 per hour ($31,200 per year) it would take about 31 years to make 1 million dollars and 32,051 years to make 1 billion dollars. That’s without subtracting living expenses!