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Billion is a word for a large number, and it has two distinct definitions: . 1,000,000,000, i.e. one thousand million, or 10 9 (ten to the ninth power), as defined on the short scale.
It should be remembered that "billion" does not mean in American use (which follows the French) what it means in British. For to us it means the second power of a million, i.e. a million millions ( 1,000,000,000,000 ); for Americans it means a thousand multiplied by itself twice, or a thousand millions ( 1,000,000,000 ), what we call a milliard.
One billion years may be called an eon in astronomy or geology. 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. [5]
Traditional British usage assigned new names for each power of one million (the long scale): 1,000,000 = 1 million; 1,000,000 2 = 1 billion; 1,000,000 3 = 1 trillion; and so on. It was adapted from French usage, and is similar to the system that was documented or invented by Chuquet .
Despite his $145 billion fortune, Warren Buffett values time far more than money. Discover why the iconic investor believes reclaiming time is the best investment anyone can make.
For example, a billion is represented as 13 characters (1,000,000,000) in traditional decimal format, but is only 3 characters (10 9) when expressed in exponential format. A trillion is 17 chars in traditional, but only 4 (10 12) in exponential. Values that vary dramatically can be represented and compared graphically via logarithmic scale.
Warren Buffett, the billionaire investor who famously said that the best holding period for a stock is "forever," sold $13 billion in stock in the second quarter while buying less than $5 billion,...
Soaring profits from the Crown Estate to £1.1 billion mean the taxpayer-funded Sovereign Grant, which supports the official duties of the royal family, will increase from £86.3 million in 2024/ ...