10/06/09 Stockholm, Sweden – For a few well-heeled billionaires the option is on the table. In an interesting slide show, Forbes highlights the countries billionaires could choose to purchase with a collective $1.27 trillion on hand.
The wealthiest American around, Bill Gates, could conceptually attempt to purchase Costa Rica. It has a GDP of about $48.3 billion, which is smaller than his $50 billion nest egg.
Similarly, Warren Buffett could go shopping for North Korea at $40 billion, and Larry Ellison could take a look at Bahrain, a steal at $26.8 billion.
Forbes offers pictures of several notable billionaires and their respective potential shopping targets.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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Buying it is the easy part. Running it is the challenge.
buying North Korea must be the joke of the year. $40 billion, eh? Who’s selling?
Do you get its government and army thrown in as a bonus? Any cash discount if paid in euros?