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So at $204 a share, that's about $56 million, right? If his reported net worth is correct $2.5 billion, that's around 2% of his net worth. So, not a huge amou

So at $204 a share, that's about $56 million, right? If his reported net worth is correct $2.5 billion, that's around 2% of his net worth. So, not a huge amount of Facebook nor of his net worth, but still a huge amount of money. I'm not sure how billionaires think, but I suspect to become a billionaire it's usually not "I won't sweat a loss of couple tens of millions of dollars."

erobbins 7y ago
:) Our "billionaire" president paid his son's Boy Scouts fees with charity money rather than his own. People with that kind of money are usually SUPER cheap and REALLY attached to every dollar.
leetcrew 7y ago
I'm not sure how much a billionaire would care about a significant loss on a $56mm investment either, but it's worth pointing out that pretty close to 2% of his net worth would be in Facebook even if all he did with his money was park it in s&p 500 index funds. it's hard to have a diversified portfolio without owning at least some of one of the most valuable companies in the world. all things being equal, I'm sure he would care at least a little about a seven or eight figure loss, but I'm not sure it would be worth the opportunity cost of neglecting his other investments.