Billionaire

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/billionaire

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the minimum net worth threshold?One billion units of currency (typically USD)
2. What is the first confirmed billionaire?John D. Rockefeller, 1916
3. What does it mean to be a billionaire?A billionaire has a net worth of at least one billion dollars (or another currency). It means all of their money, companies, and other valuable things add up to that amount.
4. How do people become billionaires?Most billionaires grow their wealth by starting or owning big companies that sell products or services worldwide, especially in fast-growing fields like technology or energy. They also invest their money in new projects to make it grow even more.

Net Worth: The total market value of an individual's assets minus all liabilities.
Ultra High-Net-Worth Individual (UHNWI): An individual with a net worth of at least $30 million USD.
Centibillionaire: An individual whose net worth is at least $100 billion USD.