As of March 2011, there is approximately 1210 people in the world that are considered billionaires. That's about 0.0000173 % of the world's population.

The median income in the United States of America is about $29,000. If you make $29,000 a year, and don’t spend any of it, it will take you 34,482 years to save one billion dollars.

So what could you buy with one billion dollars?

 

285,714,285 - McDonald's Big Mac's. McDonald's signature sandwich, the Big Mac is over 45 years old. It's estimated that over 550 million Big Mac's are sold each year!

1,177,856 - iPhone 4S'. Apples iPhone 4S features a 8 megapixel camera and 1080p HD video recording. Along with an all new A% chip, iCloud, Facetime, retina display, photo editing and all the new apps you could ever need, this is Apple's best iPhone to date.

682,583 - Children in Africa you could feed, 3 meals a day for 1 year. Roughly 146 million children or 1 in 4 children in developing countries is underweight and suffers from mal nourishment.

3891 - 2012 Ferrari 458 Spider's. Valued at $257,000 USD a piece, this beautiful sports car can easily hit up to 200 mph and gets 0 to 62 in 3.4 seconds with 570 horsepower from it's 4.5 liter V8 engine.

2500 - Years of salary for the President of the United States of America. In 1789 the President made approximately $25,000 per year. In 1909, President William Howard Taft's salary was $75,000 valued today at over $1.7 million, making him the highest paid President in US history.

36 - Years of contract for Alex Rodriguez of the New York Yankees (MLB). It would cost an average of $27,500,000 per year for the baseball star. Alex Rodriguez is the youngest player to hit 500 home runs and to reach 600 hits. Rodriguez also has 14 - 100 RBI seasons in his career, more than an other player in history.

6 - F22 Raptor fighter jets. The Lockheed Martin F22 Raptor is the main air fighter jet used by the United States Military. At $150,000,000 USD cost per jet, the F22 Raptor stopped being produced in 2011.

1 - Antilia Building. This custom built home of business man Mukesh Ambani has a total of 27 floors and 400,000 square feet of living space. This amazing home also features parking space for 168 cars, has nine elevators, three helipads, a spa, a theatre, a swimming pool, and a ballroom. Over 600 people maintain the custom home year round. The towering home is located in South Mumbai.

1 - Percent ownership of Facebook's value estimated by some experts at $100 billion USD. The COO of Facebook, Sheryl Sandberg made more than $30 million USD in 2011. Mark Zuckerberg, founder of Facebook will lower his salary to $1 in 2013.

0.07 % - The amount of debt you would clear from the United States if you gave your entire $1,000,000,000 to the government. As of March 2011, the current United States debt stands at 14.2 Trillion dollars.

To put this is perspective, it would take 12,241,378 American's saving every penny at the median income ($29,000) 40 years, to clear the United States debt of 14.2 Trillion dollars.