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 Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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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?