Craig Newmark’s a Billionaire

…at least on paper, according to Silicon Valley Insider, which has done some number-crunching to come up a conservative value of $5-billion.

With that kind of dough Craigmark could move Craigslist from the Victorian house in San Francisco to some fancy campus somewhere in the Valley. Or perhaps buy a new car – a 2008 no-frills, environmentally-friendly Prius can be picked up for just $20,000, and Toyota will likely given Craig a great financing deal if he wants.

Truth be told, these kind of valuation exercises are entertaining reads if you’re looking to kill a few minutes of time that otherwise would be used for stuff like doing work. But what other purpose do they serve unless someone is really looking to buy and/or sell – something Newmark has no interest interest in even though dumping his Craigslist stake would make him worth about $2-billion.

I wonder what eBay think about the fact its 25% stake in Craiglist is worth $1.25-billion…at least on paper.

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