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You know what is difference between a million and a billion? Approximately a billion.
by czechdeveloper 3y ago
You know what is difference between a million and a billion?
Approximately a billion.
- brigadier132 3y agoSo given that, these million dollar loans they received from family to start their businesses really don't amount to much. And Bezos only got $240k.
- KPGv2 3y agoOnly 240K. The big thing here isn't that they get loans. It's that they can keep taking risks, knowing they'll be OK if they fail. I can't remember the exact quote, but essentially middle class people have one big shot they can afford to fail at. The children of the wealthy can keep taking them.
- Thorrez 3y agoSo basically, poor to billionaire is impossible in 1 generation, but poor to billionaire is possible in 2 generations.
- whatscooking 3y agoSmh, that’s like half a million in todays money for free from his parents…
- czechdeveloper 3y agoTo be honest, I do care way more about how horrible work conditions they provide in their companies. Especially to the more vulnerable and low paying positions.
- mcpackieh 3y agoYes, there's a huge difference between a billion and a million. That's why the headline talking about billionaires as millionaires is dumb.
- beardyw 3y agoAh, I remember when a billion really was a billion. These paltry thousand millions are chicken feed. "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." https://en.m.wikipedia.org/wiki/1,000,000,000 https://en.m.wikipedia.org/wiki/1,000,000,000
- pepa65 3y agobillion = million x million [bi] trillion = million x million x million [tri] This is still the case in Dutch for instance, where 1e9 is a "miljard".