Comment on The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
technocrit@lemmy.dbzer0.com 1 month agoYeah, they got 7% richer over the past year. That’s about $3-4b “gained” over one year.
Comment on The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
technocrit@lemmy.dbzer0.com 1 month agoYeah, they got 7% richer over the past year. That’s about $3-4b “gained” over one year.
originalfrozenbanana@lemm.ee 1 month ago
Trillion, not billion, but yeah
black0ut@pawb.social 1 month ago
Imperial trillion, metric billion.
In the US of A, 1T = 1.000.000.000.000 (1B is 1.000M, and so forth)
In the metric system, 1T= 1.000.000.000.000.000.000 (1B = 1.000.000M, and so forth)
That’s why in other languages you sometimes hear “a thousand million”, although I agree with you in that the most common way of counting on the internet is with imperial billions.