The father of the petroleum business, John D. Rockefeller, became the world’s first billionaire in 1916. According to Forbes, there were 724 American billionaires and 2,755 billionaires globally in 2021, more than a century later. According to the Wealth-X Billionaire Census, there will be 927 billionaires in the United States in 2020. It might be difficult to distinguish billionaires from those with significant wealth because many people are hesitant to discuss their money in public. Furthermore, for many, increasing personal wealth is a result of their economic operations rather than a goal. Donald Trump, the only billionaire president in history and number 1,325 on the Forbes Billionaires rankings as of November 2021, states in his book “Trump: The Art of the Deal” that money was never a huge motivator for him, except as a method to keep track. “The real thrill comes from actually playing the game,” he explains. According to the United States Census Bureau, Rockefeller was the sole billionaire among the 102 million inhabitants in the United States in 1916. According to the United States Census Bureau, there are 331.4 million inhabitants in America as of 2020. According to Forbes, the country has 724 billionaires, or one for every 457,000 citizens. If the number of billionaires in the United States continues to grow at its current rate of 6.49 percent per year, there will be more than 4,800 billionaires in the United States by 2050, or one billionaire for every 91,000 people in the predicted 439 million-strong population. Dreams of becoming a billionaire may not be as outlandish as long thought. A billionaire is defined as someone with a net worth of $1 billion or more. In other words, you are a billionaire if you can sell all of your assets for cash, pay all your debts, and still have $1 billion in the bank. Although you and your family are unlikely to worry about future college bills or retirement, having $1 billion in assets and $900 million in debt does not make you a billionaire. Like any huge amounts, a billion dollars can be difficult to understand. “If you can count your money, you don’t have a billion dollars,” stated J. Paul Getty, who was ranked the richest living American by Fortune magazine in 1957.
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