All about Money Part -1

The word millionaire was first used by Benjamin Disraeli in his 1826 novel Vivian Grey.

If you stack one million US$1 bills, it would be 110m (361 ft) high and weight exactly 1 ton.


A million dollars' worth of $100 bills weighs only 10 kg (22 lb).


One million dollars' worth of once-cent coins (100 million coins) weigh 246 tons.


TIP is the acronym for "To Insure Promptness."


The term "Blue Chip" comes from the colour of the poker chip with the highest value, blue.


Nessie, the Loch Ness monster is protected by the 1912 Protection of Animals Acts of Scotland. With good reason - Nessie is worth $40 million annually to Scottish tourism.


Of the more than $50 billion worth of diet products sold every year, almost $20 billion are spent on imitation fats and sugar substitutes.


Annual global spending on education is $80 billion.


US and European expenditure on pet food is $17 billion per year.


The global expenditure on healthcare and nutrition is $13 billion.


Money notes are not made from paper, it is made mostly from a special blend of cotton and linen.


In 1932, when a shortage of cash occurred in Tenino, Washington, USA, notes were made out of wood for a brief period. The wood notes came in $1, $5 and $10 values.


The world's largest coins, in size and standard value, were copper plates used in Alaska around 1850. They were about a metre (3 ft) long, half-a-metre (about 2 ft) wide, weighed 40 kg (90 lb), and were worth $2,500.


The first credit card was issued by American Express in 1951.


About 30% of consumers use their credit card as their main means of buying Christmas goodies, 70% do not save to buy Christmas gifts and 86% of consumers do their Christmas shopping during December.


Excessive use of credit is cited as a major cause of non-business b@nkruptcy, second only to unemployment.


Statistics show that people with high, medium and low income groups spend about the same amount on Christmas gifts.


In the 1400s, global income rose only 0,1% per year; today it often tops 5%.


The average age of Forbes's 400 wealthiest individuals is 63.


In 1955 the richest woman in the world was Mrs Hetty Green Wilks, who left an estate of $95 million in a will that was found in a tin box with four pieces of soap.


In 2001 the richest woman was Liliane Bettencourt, the daughter of L'Oreal's founder. She has a net worth of $14 billion (depending on how the stock market did today).