We all know that Bill Gates is very, very rich! In 1987 Gates was officially declared a billionaire in the pages of Forbes' 400 Richest People in America issue, just days before his 32nd birthday.
In a recent discussion about this topic, my son asked, "Is 'billionaire' named after Bill Gates?" I just laughed and said, "No" and explained that it is a word describing a very large number. Can you imagine, though? If only Bill Gates would have 'somehow' trademarked the word "billionaire"! I think the royalties from that would greatly surpass the billion dollar mark and he'd probably be worth a googol (but that's already taken)!