That's not true the exchange rate of Canadian dollar to the American dollar is not the same as it once was. The strength of the Canadian dollar has gained on the value of the American dollar.

Actually, the $1USD = $.996CD

the man was a billionaire before he bought the rice?

put put put put put!!!!!!!

Alternate solution:

Based on exchange rates, for every dollar he spends on rice in the U.S., he earns two Indian Rupees. So, he could become a millionaire in Rupees without spending a million U.S. dollars.

two other solutions:

Each american businessman prolly weighs 300 pounds so thats .05* 300 = 15$ each. Just has to sell a few hundred thousand. Pretty good deal for a slave. Better still if your hungry.

Or ... the guy only sold 1 grain of rice at a time and charged the ppl 20$ shipping and handling.
He gets Pam Anderson, who I understand is a hit over there, to roll around naked on the rice before shipping to spice up the sales.

"millionaire - a person whose wealth amounts to a million or more in some unit of currency, as dollars."

Being a billionaire means that he was already a (multi-) millionaire and he became something he already was. The statement should have said something like: "and now he is worth a million dollars" which means he isn't worth more than a million dollars, but lets the reader assume he didn't have a million dollars before.

buy 1 take 1 million, then re-sold it to india

he couldve been fairly poor but bought one pound of rice. Then he planted it and sold it.

being told to pay attention to wording, you should have ended the sentence using proper english, not saying "how come?"

We are playing with words here.

may be d man won himself a lottery prize worth rs 1 million ...
wat say?????

I know actually what happened ha ha! I was helping poor people in india because it was a cover for mr . I was actually a drug lord. Please dont tell the cops.

The man is a philanthropist who bought great quantities of rice to sell to poor people at prices they could afford. He started out as a billionaire, but lost so much money in his good works that he became a millionaire!

Maybe he sold .05 of a grain of rice for an English pound, then converted to American dollars.

i was thinking he was being sposored

Or maybe he could have just cooked the rice first?

the currency in india is worth more?

suxks dick

For a semantics-based question, it seems odd that the semantics of the question make the answer impossible. A billionaire is still a millionaire, so he was a millionaire the whole time, and did not 'become' a millionaire.