Yes and no. Obviously it’s unusual rounding or I wouldn’t have said “I guess technically,” but rounding is all about domains and relevant precision. To be honest, when someone says “billionaires” I don’t assume that the number 1,000,000 is a meaningful hard cut off. I assume we’re talking about the ones who are three orders of magnitude up from “millionaire” and orders of magnitude work by rounding from .5.
No, orders of magnitude are exponential, not linear, so conventionally “on the order of 1 billion” would be between 100 million × sqrt(10) and 1 billion × sqrt(10), but “billionaire” isn't “net worth on the order of 1 billion” but “net worth of 1 billion or more”, or, when used heirarchically alongside trillionaire ans millionaire “net worth of at least one billion and less than one trillion”.
I guess technically musk rounds to a trillion. 852B acc to Forbes
That would be some aggressive rounding.
Yes and no. Obviously it’s unusual rounding or I wouldn’t have said “I guess technically,” but rounding is all about domains and relevant precision. To be honest, when someone says “billionaires” I don’t assume that the number 1,000,000 is a meaningful hard cut off. I assume we’re talking about the ones who are three orders of magnitude up from “millionaire” and orders of magnitude work by rounding from .5.
> orders of magnitude work by rounding from .5.
No, orders of magnitude are exponential, not linear, so conventionally “on the order of 1 billion” would be between 100 million × sqrt(10) and 1 billion × sqrt(10), but “billionaire” isn't “net worth on the order of 1 billion” but “net worth of 1 billion or more”, or, when used heirarchically alongside trillionaire ans millionaire “net worth of at least one billion and less than one trillion”.
What's $148,000,000,000 between friends