Bezos's net worth cracks $100 billion mark after Black Friday sales

by Frankie Norman November 27, 2017, 0:40
Bezos's net worth cracks $100 billion mark after Black Friday sales

Founder and largest shareholder of Amazon, Jeff Bezos has not only become the richest person in the world, but also touched the Dollars 100 billion-mark for the first time, according to a Bloomberg report.

The world's richest man and e-commerce mogul directly owns about 78.9 million shares of Amazon.

His current wealth is estimated at $86.8bn, but analysts say he would be worth $150bn had he not given away some 700 million in shares in Microsoft and $2.9bn to charity after re-inventing himself as a philanthropist.

Bloomberg reported that he is the first to reach the $100 billion milestone since Bill Gates did in 1999.

Online purchases for the day are up 18.4 percent over a year ago, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season.

Jeff Bezos arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho.

On Friday alone, Bezos made nearly $2.4 billion.

Bezos, who surpassed Gates as the world's richest man in October, suggested he knew he needed to up his philanthropy earlier this year when he took to Twitter to ask for ideas.

Bezos is followed on the list of wealthiest people by Bill Gates and Warren Buffett. Unlike Gates, Bezos has given very little of his fortune to charity so far. This rise added to the pocket of Amazon's CEO Jeff Bezos, to $100 billion, which is the highest achievement. "I'm thinking I want much of my philanthropic activity to be helping people in the here and now-short term-at the intersection of urgent need and lasting impact", he wrote in June.


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