How much is one TRILLION dollars?

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A little while ago I wrote about how much $700 billion is and concentrated on the interest from that (assuming a 1% savings account). Most of the numbers were scary to think about it. But now, the new number is “one trillion dollars”. As CNN wrote earlier this morning, “A trillion is the new billion”.

Well, now I’m going to base it on how much a trillion actually is. No interest, just the number since many people tend to think that there isn’t much of a difference between a million, a billion, and a trillion.

This is a trillion:

A one followed by 12 zeroes. That is 1,000 billions or one million millions. Most lower end calculators don’t even go this high (many in total don’t either).

If you spent a million dollars a day and to have spent a trillion dollars by now, you would have needed to start roughly 2800 years ago – about 800 BC. This predates the Roman Empire by about 500 years.

A million dollars an hour you would have needed to start 33 years ago (1976 – probably longer than many people reading this article).

If you spent a dollar a second you would have needed to start roughly 31,709 years ago (about the time that the oldest known cave paintings are known to exist).

Assuming 300 million people live in the USA – each person would get a check for $3,333 (roughly). Assuming 25% are under 18 (according o a 2008 census – 20.1% are under 15 (source)and you only gave it to people over 18 then it would turn out to be about $4,444 per person over 18.

With a trillion dollars you could purchase (April, 2008 values):
The New York Yankees for $1,306M (M= Million)
The New York Mets for $824M
The Boston Red Sox for $816M
The L.A. Dodgers for $694M
The Chicago Cubs for $642M
The Anaheim Angels for $500M
The Atlanta Braves for $497M
The S.F. Giants for $494M
The St Louis Cardinals for $484M
The Philadelphia Phillies for $481M
For those of you who aren’t keeping track – that is the “10 most valuable baseball teams” for a whopping $6.738 billion dollars or less than 0.7% of a trillion dollars. I’m sure with a trillion I could buy all of MLB, NFL, NHL, NBA, and many other acronymed sports industries.

In 2008:
Walmart posted $378 billion in revenue ($12 billion in profit)
Exxon Mobile posted $372 billion in revenue ($40 billion in profit)
Royal Dutch Shell posted $355 billion in revenue ($31 billion in profit)

Those three add up to $1.105 trillion in revenue (and these are the highest revenue companies in the world according to their 2008 figures).

According to the 2008 CIA FactBook – only 15 nations in the world have a GDP (Gross domestic product) of over $1 trillion (The European Union, The USA, Japan, China (PRC), Germany, France, The UK, Italy, Russia, Spain, Brazil, Canada, India, Mexico, and Australia).

You could buy South Korea and still have enough to purchase several major league sports teams. You could purchase Indonesia twice and still have about $10 billion left over. You could purchase Iran ($382B), Venezuela ($331B), and Nigeria ($220B) and have a hold on a large percentage of the world’s oil reserves. You’d still have $67B left over to buy yourself a nice little Caribbean getaway – like Cuba and a second getaway – Madagascar. After that, you’d have just enough to purchase a nice little south Pacific getaway – Fiji.

So, as you can imagine, one trillion dollars is not only a large number, it is an extremely scary number. And for your viewing pleasure, I give you a series (totaling about 45 minutes) called “Money As Debt”.

Part One:

Part two:

Part three:

Part four:

Part five:

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