Black Friday nets Amazon boss Jeff Bezos a $100bn fortune

Jon Howard
November 27, 2017

Founder and largest shareholder of Amazon, Jeff Bezos has not only become the richest person in the world, but also touched the United States dollars 100 billion-mark for the first time, according to a Bloomberg report. Thanks to optimism for Black Friday sales, Amazon's shares rose more than 2 percent, which meant Bezos' fortune went up by $2.4 billion to $100.3 billion, according to Bloomberg. Gates, who was the richest person in the world before Bezos passed him earlier this year, has committed to giving away at least half of his fortune to philanthropic causes as part of the Giving Pledge.

Topping $100 billion makes Bezos the first billionaire to amass a 12-figure fortune since Microsoft co-founder and philanthropist Bill Gates achieved the feat in 1999.

Jeff Bezos accumulated a whopping $33 billion to his net worth in 2017.

According to the analysts, the online spending shoots up 18.4 percent over the last year and the remaining festive days of the year will continue to boost the online purchases. Amazon (AMZN, Tech30) stock climbed 2.5 per cent on Friday to put Bezos over the top.

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Mr Bezos started Amazon in his basement in Seattle 22 years ago, after he quit his job as a hedge fund manager in NY. Same goes for Warren Buffet, the United States investor who is the third richest person with $78.9 billion.

By comparison, Bill Gates' current estimated net worth stands at a paltry $86.8 billion (£65.1bn). Unlike Gates or Buffet, Bezos has neither pledged his wealth for charity nor has he done too much about it.

Meanwhile, Bezos himself has shown interest in philanthropy.

His goal was to tackle problems "at the intersection of urgent need and lasting impact".

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