Crorepati
Encyclopedia
A crorepati (ˈkrɔərpʌti, kəˈroːɽpət̪i) is a person who resides in a household whose net worth
or wealth
exceeds ten million
rupee
s, or units of another currency
. The term crorepati is derived from the unit crore
— part of the Indian numbering system
, equivalent to 100 lakh
s or 10 million
. (The separation of large numbers, using commas, is different from the rest of the English-speaking world.)
Although crorepatis (in Indian rupees ) have less than one-quarter the net wealth of a millionaire
(in US dollars), when adjusted for the substantially lower cost of living in India
, the classifications are comparable.
The Indian game show
Kaun Banega Crorepati
(Loose translation: "Who wants to be a crorepati"), based on Who Wants to Be a Millionaire?
, first aired in 2005 on the Star Network throughout India and shared the same success as its foreign counterparts. Current prize money of KBC is Rs 5 crore (US$ 1 million).
Net worth
In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time...
or wealth
Wealth
Wealth is the abundance of valuable resources or material possessions. The word wealth is derived from the old English wela, which is from an Indo-European word stem...
exceeds ten million
Million
One million or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian millione , from mille, "thousand", plus the augmentative suffix -one.In scientific notation, it is written as or just 106...
rupee
Rupee
The rupee is the common name for the monetary unit of account in India, Sri Lanka, Nepal, Pakistan, Mauritius, Seychelles, Maldives, and formerly in Burma, and Afghanistan. Historically, the first currency called "rupee" was introduced in the 16th century...
s, or units of another currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
. The term crorepati is derived from the unit crore
Crore
A crore is a unit in the Indian number system equal to ten million , or 100 lakhs. It is widely used in India, Bangladesh, Nepal, and Pakistan....
— part of the Indian numbering system
Indian numbering system
The South Asian numbering system, used today in the Indian subcontinent , is based on grouping by two decimal places, rather than the three decimal places commonplace in most parts of the world. This system of measurement introduces separators into numbers in places appropriate to the two-digit...
, equivalent to 100 lakh
Lakh
A lakh is a unit in the Indian numbering system equal to one hundred thousand . It is widely used both in official and other contexts in Pakistan, Bangladesh, India, Maldives, Nepal, Sri Lanka, Myanmar and is often used in Indian English.-Usage:...
s or 10 million
Million
One million or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian millione , from mille, "thousand", plus the augmentative suffix -one.In scientific notation, it is written as or just 106...
. (The separation of large numbers, using commas, is different from the rest of the English-speaking world.)
Although crorepatis (in Indian rupees ) have less than one-quarter the net wealth of a millionaire
Millionaire
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account...
(in US dollars), when adjusted for the substantially lower cost of living in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, the classifications are comparable.
The Indian game show
Game show
A game show is a type of radio or television program in which members of the public, television personalities or celebrities, sometimes as part of a team, play a game which involves answering questions or solving puzzles usually for money and/or prizes...
Kaun Banega Crorepati
Kaun Banega Crorepati
Kaun Banega Crorepati is an Indian reality/game show based on the UK game show Who Wants to Be a Millionaire? which offers a maximum cash prize of £1 million. The show first aired in 2000 and was hosted by Amitabh Bachchan. This was the first appearance of Bachchan on Indian television...
(Loose translation: "Who wants to be a crorepati"), based on Who Wants to Be a Millionaire?
Who Wants to Be a Millionaire?
Who Wants to Be a Millionaire? is a television game show which offers large cash prizes for correctly answering a series of multiple-choice questions of increasing difficulty. The format is owned and licensed by Sony Pictures Television International. The maximum cash prize is one million pounds...
, first aired in 2005 on the Star Network throughout India and shared the same success as its foreign counterparts. Current prize money of KBC is Rs 5 crore (US$ 1 million).
See also
- CroreCroreA crore is a unit in the Indian number system equal to ten million , or 100 lakhs. It is widely used in India, Bangladesh, Nepal, and Pakistan....
- RupeeRupeeThe rupee is the common name for the monetary unit of account in India, Sri Lanka, Nepal, Pakistan, Mauritius, Seychelles, Maldives, and formerly in Burma, and Afghanistan. Historically, the first currency called "rupee" was introduced in the 16th century...
- Indian numbering systemIndian numbering systemThe South Asian numbering system, used today in the Indian subcontinent , is based on grouping by two decimal places, rather than the three decimal places commonplace in most parts of the world. This system of measurement introduces separators into numbers in places appropriate to the two-digit...
- Net worthNet worthIn business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time...
- High net worth individualHigh net worth individualA high-net-worth individual is a person with a high net worth. In the private banking business, these individuals typically are defined as having investable assets in excess of US$1 million. As explained below, the U.S...
- MillionaireMillionaireA millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account...
- Crorepati