How Does the Net Worth of British Billionaires Compare to American Billionaires?

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British billionaires are not directly comparable to American billionaires due to differences in how a billion is defined in each country. The exchange rate between the British pound and the US dollar complicates the comparison, currently around 1.9 to 1. The discussion highlights the need to consider these factors rather than relying solely on currency conversion. Additionally, the use of euros in the initial calculations was incorrect, as the UK uses pound sterling. Overall, a straightforward comparison of net worth requires a nuanced understanding of these distinctions.
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Homework Statement


by how many times an British billionaire richer than an American billionaire?


Homework Equations





The Attempt at a Solution

 
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by 1EUR/1USD. it's about 1.3016 times.
 
whatta said:
by 1EUR/1USD. it's about 1.3016 times.

Firstly, we do not use euros here in England; we use pound sterling!

Secondly, the question is not as simple as just using the exchange rates between £ and US$ (which I think is about 1:1.9) since a British billion is defined differently to a US billion!
 

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