Business to Billionaire
A person is considered a billionaire if their net worth is at least one billion (1,000,000,000, or one thousand million) units of a certain currency, often a significant currency like the US dollar, the euro, or the pound sterling. It falls within the umbrella of the very high-net-worth individual idea.
Every year, the American business publication Forbes compiles a list of all known Americans who are billionaires, and this list is updated in real-time on the Internet.
In 1916, American oil tycoon John D. Rockefeller became the first person to earn a billion dollars in the United States.
There are more than 2,200 American billionaires in the globe as of 2018, and their total fortune has increased from US$7.67 trillion in 2017 to US$9.1 trillion.