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American billionaire (1000 millions) or European billionaire (1 million millions)?
I didn't realize there was a difference. What do Europeans call 1,000,000,000?
Well firstly there's no europe-wide standard. There's long scale and short scale, the US and many other countries use short scale (billion is 1000 millions). It usually goes by language, but there are exceptions: Spanish and Mexican Spanish are both long scale while USAn Spanish is short scale.
Short scale goes: million, billion, trillion
Long scale goes: million, milliard, billion, billiard, trillion, trilliard... etc.
Then in my language it goes: million, milliard, trillion, quadrillion. We use short scale but replace billion with milliard (miljard actually for the local spelling)