Millionaire Gives Away Fortune Because It Made Him Miserable

Millionaire Karl Rabeder has decided to give away his £3 million fortune because it's made him miserable. "My idea is to have nothing left. Absolutely nothing," he said, "Money is counterproductive – it prevents happiness to come." Rabeder plans on selling all of his properties as well, and giving the money to his microcredit charity, which offers small loans to Latin America and builds development aid strategies to self-employed people in El Salvador, Honduras, Bolivia, Peru, Argentina and Chile.

Only $5M?

[NicknamesAreStupid]

Is that all? Then he was not rich, merely disappointed at being an American 'millionaire' ('million' once meant something else in England). Wall Street investment bankers spend more at the bar on New Year's Eve and still do not dent their year-end bonuses.

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[Locke2005]

Sigh... "Billion" once meant a million million in the UK; they have now adopted the American definition of a thousand million to avoid confusion. A "million" has always been 1000000 in every language! Granted, 3000000 pounds doesn't go as far as it used to, but if you absolutely have to give it away, I would have used it to subsidize the college education of attractive young women found at the local strip club.

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[RockDoctor]

"Billion" once meant a million million in the UK; they have now adopted the American definition of a thousand million to avoid confusion

Err, and your opinion represents the opinion of approximately how many citizens of the UK?

When I was growing up (here in the UK), I suffered from confusion because as a million is the square of a thousand, then surely a billion should be the square of a million, and a trillion the square of a billion etc etc.
Since then, I learned about scientific notation at school, and I'm

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[Locke2005]

My opinion is irrelevant. However, all the opinions expressed by UK citizens in The Guardian [guardian.co.uk] indicate that the US definition of a billion is now the accepted standard. But relax, the UK still sets the standard for the prime meridian.

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[rugatero]

I suffered from confusion because as a million is the square of a thousand, then surely a billion should be the square of a million, and a trillion the square of a billion etc etc.

A trillion is not the square of a billion in either system. It is either a thousand billion (10^3 × 10^9) or a million billion (10^6 × 10^12).