26.3 C
Dubai
Sunday, November 29, 2020

Dubai Tourism Permits The Return Of Live Concerts and Events

We’re hoping this means there’re a few exciting announcements to come… A circular issued by Dubai Government states that the city can once again host...
VVIP RADIO

Latest Posts

Remembering Maradona, Latin America’s Patron Saint Of The Pitch

Diego Maradona, widely-regarded as one of the greatest footballers of all time, has passed away aged 60 after suffering a cardiac arrest, according to...

Legendary Rock Band KISS Will Perform At A NYE party at Atlantis, The Palm

Legendary rock band KISS are set to throw a huge New Year’s Eve party at Atlantis, The Palm this year. The band shared a...

SAINt JHN Drops New ‘While The World Was Burning’ Album

As the weekend approaches each week, it’s common knowledge that we’ll be gifted with some musical efforts to add to our libraries. Whether it’s...

Bitcoin Reaches Record High For The First Time Since January 2018

Shortly after soaring past the $15,000 USD mark in light of the U.S. presidential election, Bitcoin continues to surge, now rising past the $17,000...

Jeff Bezos Becomes the World’s First Person Worth $200 Billion

California is on fire, again. A hurricane is approaching the gulf. 2020 is one giant dumpster fire after another, and among all the loss and destruction, one man seems to be profiting off of all of it. That man is none other than our Iguana-eating pal Jeff Bezos. 

According to multiple reports, Bezos is now the first person in the world to have a net worth of $200 billion. The Amazon CEO was already the richest person in the world, but has seen a net increase to $200 billion from $74 billion during the span of 2020. 

Meanwhile, the USPS is being dismantled and Americans are struggling to pay rent, afford healthcare, and find new jobs because of the ongoing COVID-19 pandemic. As the country experiences the worst economic crisis since the Great Depression, it’s important to remember that Amazon paid little to no federal taxes for the past several years. 

The bump in Bezos’ net worth comes after Amazon’s stock traded at $3,406.84, increasing 1.8 percent or up $60.35 a share on Wednesday, according to the New York Post. Bezos now has $77 billion more than Bill Gates, whose net woth is just over $123 billion.

If all of these numbers are meaningless to you, then you’re not alone. It’s hard for any regular person to imagine just how much $1 billion is, let alone $200 billion. To put this in perspective, researchers once said it would take just $20 billion to end homelessness within the US. 

Latest Posts

Remembering Maradona, Latin America’s Patron Saint Of The Pitch

Diego Maradona, widely-regarded as one of the greatest footballers of all time, has passed away aged 60 after suffering a cardiac arrest, according to...

Legendary Rock Band KISS Will Perform At A NYE party at Atlantis, The Palm

Legendary rock band KISS are set to throw a huge New Year’s Eve party at Atlantis, The Palm this year. The band shared a...

SAINt JHN Drops New ‘While The World Was Burning’ Album

As the weekend approaches each week, it’s common knowledge that we’ll be gifted with some musical efforts to add to our libraries. Whether it’s...

Bitcoin Reaches Record High For The First Time Since January 2018

Shortly after soaring past the $15,000 USD mark in light of the U.S. presidential election, Bitcoin continues to surge, now rising past the $17,000...

Don't Miss

Step Sets The Bar For Its Virtual Event Strategy By Hosting The Largest Virtual Tech Conference In MENA

Step, organizers of Step Conference, the leading technology festival for emerging markets, hosted its first full-fledged online conference, STEP Anywhere, on August 24, 25,...

UFC Fight Island UAE: Israel Adesanya Destroys Paulo Costa In Abu Dhabi

Dubai: Reigning middleweight king Isreal Adesanya delivered a masterly performance to defend his unbeaten record and demolish Brazil’s Paulo Costa in the very second...

IIMSAM’S/DXN ONE MILLION KIDS ONE YEAR CAMPAIGN 2020-2021: FREE DISTRIBUTION OF SPIRULINA WORLDWIDE

As COVID-19 upends daily lives and communities, IIMSAM's concern is to keep protecting children and others in COVID-19. "The One Million Child" IIMSAM/DXN Campaign...

Conor Mcgregor Says He Will Be Boxing Against Manny Pacquiao In The Middle East

Despite announcing his retirement for the third time a few months back, Conor McGregor is now hinting a return to the combat sports world. But instead of stepping...

ZLATAN IBRAHIMOVIC TESTS POSTIVE FOR THE CORONAVIRUS.

AC Milan revealed on Thursday that striker Zlatan Ibrahimovic had tested positive for the coronavirus and would miss Thursday's Europa League qualifier, as well as the...