How it all happened:
Jeff Bezos transferred $35 billion to his ex-wife
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After Jeff Bezos and MacKenzie Tuttle’s divorce for finalized, they reached a settlement that Bezos would be transferring 25% of the stakes in Amazon to MacKenzie. The amount comes to a staggering 35 billion dollars!
Louis Vuitton share prices are rising high and fast
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By 2020, Bernard Arnault will be the richest person in the world and Bezos will be left far behind
Amazon shares have mostly been at a decline during the last quarter, and at one point Bezos was behind Bill Gates as well.
The new acquisition deal that LVMH has made with Tiffany and Co. will be cemented by next year, and Bernard Arnault will finally have a net worth that will be much more than Jeff Bezos.
How much is a billion really?
Let’s say you had a great job where you made $100 an hour, and you worked for 10 hours a day for five days in a week. You’d be making $1000 a day, $5000 a week, and $260,000 a year!
It’d still take you 3846 years to make one billion dollars.
To make as much money as Jeff Bezos, it’ll take you almost 424,000 years – which is twice as much as the duration humans have been existing on this planet.
No one needs or deserves that kind of money. But here we are.
Featured Image Courtesy: BeFunky
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