Zuckerberg’s hoarding

A post from Mona Chalabi popped up on my Twitter timeline this morning.

As you can see it’s a beautifully cutting analysis of Mark Zuckerberg’s recent $25 million donation to help in the fight against coronavirus. She manages to show in the simplest way possible just how much Zuckerberg has sacrificed to the greater good. Twenty-five million dollars is few millilitres, a squirt from the vast glass of his $81 billion fortune.

In the old days, in the UK, a billion meant an million million, but since 1974 the UK Government has used the American definition of a billion when announcing figures. An American billion is just a thousand million, or a one followed by nine noughts; 1,000,000,000. Even using this lower scale, Zuckerberg’s $25 million donation accounts for only 0.03% of his current $81 billion fortune.

To give this some perspective. $81 billion is the equivalent to the gross domestic product to Cameroon. A country ranked 90th by the CIA in their World Factbook, that includes a listing of countries by GDP.

Basically Zuckerberg has more money at his disposal than bottom 53 countries of the World Factbook list combined. His personal fortune is the equivalent to the combined gross domestic product of Guam, Liberia, U.S. Virgin Islands, Cape Verde, Djibouti, The Gambia, Guernsey, Central African Republic, Andorra, Belize, Curaçao, Guinea-Bissau, Seychelles, Aruba, Cayman Islands, Antigua and Barbuda, Saint Lucia, Greenland, San Marino, Gibraltar, Faroe Islands, Grenada, Saint Kitts and Nevis, ComorosSolomon Islands, Saint Vincent and the Grenadines, Samoa, Western Sahara, Dominica, Vanuatu, American Samoa, Northern Mariana Islands, Sao Tome and Principe, Turks and Caicos Islands, Tonga, Saint Martin, British Virgin Islands, Sint Maarten, Federated States of Micronesia, Palau, Falkland Islands, Cook Islands, Kiribati, Saint Pierre and Miquelon, Marshall Islands, Anguilla, Nauru, Wallis and Futuna, Montserrat, Tuvalu, Saint Helena, Niue, and Tokelau.

Why’s that a problem? Twenty-five million dollars is a large sum of money. It’s a problem because the billions Zuckerberg has taken from the economy, and is now sitting on, might be the difference between people living or dying from COVID-19.

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