The fish that is worth $1 billion dollars is the Alaska Pollock fish.
The Alaska Pollock fish also known as the Gadus chalcogrammus is often called and referred to as the billion dollar fish by scientists as well as the fishing industry.
The reason why the Alaska Pollock fish is called and known as the billion dollar fish is because the Alaska Pollock fish supports one of the most valuable and lucrative seafood harvests in the world.
Although it's not just a single Alaska Pollock fish that is worth a billion dollars, but it's simply called a billion dollar fish as it makes billions of dollars when fished.
While known as the billion dollar fish, the Alaskan Pollock fish is actually cheap because it's one of the most abundant whitefish in the world and the populations of the Alaskan Pollock fish are also managed carefully and allows for massive, highly efficient industrial harvesting.
The actual price of Alaskan Pollock fish stills remains highly affordable and cheap due to massive biomass and efficient catching, industrial scale processing, global market competition and mild profile and versatility.
Alaskan pollock fish have a mild taste that makes them highly adaptable.
And a large portion of the harvest of Alaskan Pollock fish is processed mechanically into imitation crab also known as surimi or even used in bulk for fast food fish sandwiches and even frozen into fish sticks, instead of being sold as premium fish fillets.
The fish industry also faces heavy price competition and massive quantities of pollock fish and other seafood that is supplied globally by other nations, like Russia for example, push the prices down across the board.
And many catches of Alaskan Pollock fish are immediately processed on board giant catcher and processor ships.
So the scale of the operation keeps the operational costs incredibly low per pound of the Alaskan Pollock fish.
And pollock fish and Alaskan Pollock fish also swim in enormous and tightly packed schools of fish, which means that massive quantities or tens of thousands of pounds per minute of Alaskan Pollock fish and other Pollock fish can be caught very quickly, which also reduces costs.