Google fined $20 decillion — more than world’s total wealth — by Russian court

U.S. tech giant Google has closed up shop in Russia, but that hasn’t stopped a court there from leveling it with a fine greater than all the wealth in the world — a figure that is growing every day.

The fine, imposed after certain channels were blocked on YouTube, which Google owns, has reached more than 2 undecillion rubles, Russian business newspaper RBC reported this week. That’s about $20 decillion — a two followed by 34 zeros.

The fine is significantly more money than the combined total global net wealth of $477 trillion, according to Boston Consulting Group, and the worldwide gross domestic product last year of about $105 trillion, according to the World Bank.

Google’s parent company, Alphabet — one of the five most valuable companies in the world — is valued at about $2 trillion. The fine is about 10 billion trillion times the company’s value.

Read Full Article Here