Wednesday, November 11, 2009

millionaires,billionaires and trillionaires

lakhpati and crorepatis are terms used for the rich in india.the former is for those whose wealth is more than a lakh of indian rupees. and the latter for those whose wealth runs into crores (one crore is equal to 100 lakhs).in the old days you could count on your fingers the number of crorepatis in india. today there are a dime a dozen.some have earned their riches using their entrepreneurial skills and with a lot of hard work,determination and luck.while others have made it on the fast lane by crookish means.the recent revelation of madhu koda,ex chief minister of jharkhand state is a case in point. rs 2500 cr scam says the cbi. it is surely much more than all that.he has swiss bank accounts,mines in liberia,companies in thailand and vietnem. that a tribal who started life as a porter could reach such dazzling heights of fortune in a very short period shows that there is something radically wrong in our system which is not able to detect such cases of fraud much earlier.

like these indian terms for the super rich,the english and americans have coined the words millionaire and billionaire.i thought till recently that the word trillionaire did not exist. when i googled to check whether i was right, i found a list of trillionaires too! (100 billion dollars). that is what is called mindboggling the us and europe too some have earned their money rightfully while others have illgotten wealth. after all, greed like many other human qualities is universal.

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