Remember when Facebook bought Instagram for $1 Billion, and we all gasped in disbelief? That was before the sale of social networks for ten figures became the status quo, and seemingly every internet company set out to drop $1,000,000,000 on purchasing smaller sites. But if you're notin the market to buy up a social network, there are a lot of other things you could afford with $1 Billion - and we've got the best of them detailed in an infographic.
To witness the billion dollar phenomenon, consider Google's recent acquiring ofWaze, Tumblr's sale to Yahoo!, Fab's valuation at $1 billion and and Pinterest's absolutely incredible $2.5 Billion valuation.
As the billion dollar club becomes less exclusive, paltry million dollar deals have been replaced by a plethora of social networks with a $1 billion pricetag attached to their logo.
For us mere mortals, $1,000,000,000 is hard to comprehend. We dream of six figure salaries, and would be lucky to ever linger near the proximity of a $1,000,000 bank account. Our days are spent reading the billion dollar headlines, not inspiring them.
All of this got me thinking. Besides a social network with a few million users and a lot of bragging rights, what could $1 Billion get you?
So, I did a little digging around. I found the most luxurious spending opportunities available, and calculated what you could accomplish through mass charitable giving. As it turns out, $1 Billion is even more money than we imagined:
That's right - even after all my theoretical luxury spending, I still came up with $368 million in surplus. Talk about a good problem to have, especially when you have an NBA team, an island, a private jet, and a Lamborghini to your name.
What would you do with $1 Billion? Would you snatch up a social network of your own, or opt for a life spent enjoying the finer things?
Whether you're dreaming of island ownership or imagining a life as a billionaire philanthropist, one thing is clear: anyone willing to approve a $1,000,000,000 purchase is willing to put a lot of money where their mouth is.