Why would there be sixteen million teams?
Black
White
Yellow
Purple
Pink
Blue
Green
Light Green
Orange
Red
Burgundy
Brown
Blue
Dark Blue
Cyan
Cyan Green
There's not many colours worth mentioning after that.
I think he meant every color on one of those color picker table things, in which case he is wrong. For the RGB system, it would be 1,694,498,816 colors (Red:0-255 Green:0-255 Blue:0-255 Shade: 0-100. Therefore, 256 x 256 x 256 x 101 = 1,694,498,816).
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Actually, pure white and black would exist on multiple occasions with this calculation, i think it might be more like ((256 x 256 x 256) - (2 x (256 - 1))) x 101. the original 256^3, subtract the absolute white and black for every permutation of RGB except one, such that absolute white and black can be included. This is now 1,694,447,306 colors.