How much is a Trillion dollars? The step from a million to a billion is HUGE. Which makes imagining a trillion really difficult.
When the US government announces crisis spending of $2 Trillion, is that a lot?
Well, it’s ten times as much, as the Australian government’s promise of $214 Billion in stimulus spending.
The world’s largest company is the Saudi Arabian oil company – Saudi Aramco. It’s valued at $1.7 trillion. While, Apple is worth $1.3 trillion.
Jeff Bezos (founder of Amazon) is worth an estimated $138 billion.
Kim Kardashian is worth $370 million, that’s a lot. But Jeff Bezos has squirrelled away assets worth almost 400 Kim Kardashians.
The global share market, is worth in the vicinity of $70 trillion.
But, the Panama Papers revealed that $20 trillion is hidden in shell companies and tax shelters.
What does a trillion dollars look like?
A trillion dollars is a million dollars multiplied by a million.
Or, 1 thousand billion.
It’s got 12 zeroes: 1,000,000,000,000.
1 million seconds = 12 days
1 billion seconds = 31 years
1 trillion seconds = 31,710 years
How different countries count: Million vs Billion
Today, there’s general consensus that a billion is 1,000 x 1 million.
You add three zeros each time you go from a million to a billion to a trillion.
But in the past the US and the UK used the “long scale”. This is where a billion is 1 million x 1 million. Which is a lot more zeros.
This “long scale” is still used in France.