Facebook boss assets evaporated 100 billion USD, what can that money buy in Vietnam?

According to Bloomberg, Zuckerberg’s net worth at the moment is only about 38.1 billion USD, down about 100 billion USD from the peak in September 2021. From the 3rd richest person in the world, Zuckerberg’s name is now no longer in the group of 10 richest people. Even people have to scroll down to 28th place to find the name of this cult social network owner.

And this amount is really a huge amount beyond imagination. If it is cash, it will include 1,000,000,000 bills of 100 USD denomination. With a weight of exactly 1g/sheet, this would weigh around 1,000 tons. It would take about 334 containers to carry all this money if they could fit (by international standards, each container has a maximum capacity of about 30 tons).

In terms of items, the amount of $100 billion will buy an “incredible” amount of products and items, even if they are the most expensive ones. Recently, the world was buzzing about the acquisition of Twitter social network by Elon Musk, the richest man in the world. This amount is enough to buy 2 Twitter social networks and the remaining 2 billion USD is for other purposes.

Meanwhile, a Gerald R. Ford-class aircraft carrier (the latest generation carrier model and only one has been commissioned), costs about 13.3 billion USD. Zuckerberg’s vaporized assets are worth the equivalent of about eight aircraft carriers of this type. Compared to the Zumwalt destroyer, the most advanced US warship costing $4.4 billion, Zuckerberg’s lost money is equivalent to about 22 ships.

In terms of gadgets, for example, the Lamborghini Veneno Roadster costs $ 5.6 million. The money that was evaporated from Zuckerberg’s account could buy 17,857 cars of this type. Don’t let the numbers fool you. We are talking about the super sports car, the dream of men all over the world.

Meanwhile, in Vietnam, spending 13 billion VND is a person who can own a Mercedes GT-Coupe 2021 AMG GT R version. However, at the current exchange rate, this amount is only somewhere. around $500,000. Mark Zuckerberg’s lost money can buy 200,000 cars of this type.

A Mercedes E300 AMG is priced at about 3.5 billion VND or about 150,000 USD in Hanoi. $100 billion can buy 666,666 vehicles of this type. With each car about 4.94 m long, putting them together will create a length of about 3,293km full of Mercedes E300 AMGs.

If you are a tech enthusiast, we like to compare this amount to an iPhone, Macbook or whatever product you want. The 1Tb iPhone 14 Promax is currently being sold in Vietnam for about 50 million VND, equivalent to 2,000 USD. The amount of 100 billion USD is enough to buy 50 million iPhones of this type. For comparison, in the last fiscal year, the iPhone brought Apple $ 40.67 billion in sales for all models.

Recently, information about apartments costing up to 400-500 million VND/m2 in the middle of District 1, Ho Chi Minh City has surprised many people. At this price, an average apartment costs about 2 million USD for an area of ​​more than 100m2. Even so, the amount of 100 billion USD is still equivalent to 50,000 apartments of this type.

However, for Mark Zuckerberg, this drop did not bring much emotion. Most of Zuckerberg’s fortune comes from shares the founder holds in Meta, Facebook’s parent company. If the shares are not sold, pledged or used for any other purpose, the amount of shares Mark Zuckerberg holds remains unchanged. When the market goes down, net assets can fall, but in an up cycle they are likely to rise again, even higher.

The real problem of Zuckerberg right now is that the social network Facebook is proving to be increasingly weak and the founder is still resolute in pursuing the virtual universe. Along with that are poor business results in the context of the Fed continuously raising interest rates, which is not beneficial for technology businesses. This made investors no longer interested in Meta stocks and sold off, leading to a deep crash.

The third quarter business report published on October 26 showed that Meta’s revenue reached 27.7 billion USD, down 4.5% compared to the same period last year. This is the second consecutive quarter of decline. Meta has never recorded a drop in revenue before. The worst could still be ahead, however, as the company reported similar fourth-quarter results, with expected revenue of around $30 billion.

A series of unfavorable news caused Meta’s share price to drop 61% since the beginning of the year. At the end of the trading session on October 27, Meta shares fell nearly 25%, to $ 97.94 / share. At its peak in September 2021, Meta shares have a market price of up to 382 USD / share.

According to Bloomberg, with $100 billion of his net worth being wiped out, Zuckerberg was the world’s richest billionaire in the past year. Meanwhile, Elon Musk and Jeff Bezos, who were right before Zuckerberg in the ranking of the richest people on the planet in September 2021, are still firmly in the top.

Source: Synthesis