Twenty billion dollars is a heck of a lot of money. As you’ve probably heard, that’s how much Mark Zuckerberg, the founder and chief executive of Facebook, is worth now that Facebook has priced its initial public offering at $38 per share. In case you’ve been visiting the moon, Facebook shares start trading on Friday (at 11 a.m. ET).
But just how much is $20 billion these days? Here are a few ways to think about it…
- Assuming Mark Zuckerberg lives 83 years, and he cashed out of Facebook tomorrow (which he won’t, but if he did), he could spend $1 million every day for the rest of his life.
- Although Zuckerberg is not a New Yorker, he could win over New Yorkers’ hearts (and votes, if he chose) by giving each resident of the Big Apple $2,500 tomorrow.
- Zuck could buy a $10 lunch for one-third of planet Earth. For those who choose deli, that’s a LOT of pastrami.
- He could buy a $100 pair of shoes (sensible shoes, of course) for two out of every three Americans. That’s one way to make your money go the extra mile.
- The famous college dropout could pay for the $200,000 undergraduate educations for the entire Ivy League, twice. But, then again, he proved that dropping out of Harvard may have been the best thing he ever did.
- Americans, in general, are way too stressed out. Zuck could spend his Facebook loot on $75 massages for every American (over the age of 5).
- Zuck is probably not a big fan of the movie “The Social Network,” which dramatized his rise from Harvard to Facebook billionaire (“You know what’s cool? A billion dollars. That’s cool” — $20 billion is cooler still). Now, Zuck could buy the rights to the movie and make sure no one ever saw it again.
Reuters Photo: Robert Galbraith