What Would You Do With 11 Billion Pesos?
The news industry is abuzz with reports of Amazon CEO Jeff Bezos'purchase of The Washington Post for US$250 million, said to come from the liquidation of his Amazon stocks. As of this writing, that amount translates to Php10.88 billion. (It's actually Php10.885. I just took out the 5.) If you had Php10.88 billion, what would you do? To put things in perspective, I made a few calculations, since I'm wont to doing these things as a mental exercise. The examples below do not take inflation into account. MALLS If you allot Php2 billion to start and operate a modest-sized mall, you can build five malls, and you've got spare change to invest somewhere else. (SM Aura was reported to have cost Php3.5 billion.) CONDOMINIUM If you allot Php1.5 billion to build a 300-unit condominium building (DMCI was reported to have invested Php 1.3 billion in a 560-unit Ohana Residences), you'll have seven such buildings. HOUSING If you allot Php100 million to build and furni