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Friday, May 18, 2012

Mark Zuckerberg Now Worth $20 Billion More: How Many Hoodies Will That Buy Him?

Posted By on Fri, May 18, 2012 at 12:54 PM

What would you do with $20 billion?
  • What would you do with $20 billion?

This morning, Facebook CEO and hoodie aficionado Mark Zuckerberg changed the world for the second time when he rang the bell, making his multi-billion-dollar company officially public. As Mike Cassidy from the Mercury News so aptly put it: It was like "Christmas, New Year's, Diwali, Tet, Fiestas Patrias and the Fourth of July all rolled into one."

Investors, the media, and pretty much the whole world were in a Facebook frenzy this morning as they watched the Silicon Valley social media business make a new mark as the biggest tech company IPO ever. More than 100 million shares were sold in under five minutes, which brings us to the next obvious question:
How many new hoodies can Mark Zuckerberg buy now that he's worth $20 billion more?

We did some quick calculations and found that an elegant American Apparel hoodie costs $48 -- not including tax. Let's assume they let the sales tax slide for Zuck. He could easily take home 416,666,666 brand-new hoodies

That is a metric shitload of hoodies, and just enough for every woman, man, and child in America.

In short, Zuckerberg could go a damn long time without wearing the same hoodie twice, and isn't that what capitalism is all about?

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About The Author

Erin Sherbert

Erin Sherbert

Erin Sherbert was the Online News Editor for SF Weekly from 2010 to 2015. She's a Texas native and has a closet full of cowboy boots to prove it.


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