Black Friday Moves Amazon Founder Into $100 Billion Club

Marcus Newton
November 26, 2017

According to TMZ, thanks to the consumerist extravaganza that is Black Friday, the Amazon CEO's net worth crossed the $100 billion line. Bezos made nearly $2.4 billion on Friday alone.

As CNBC reports, Bezos' net worth surpassed $100 billion on Friday.

Bezos, who founded Amazon, owns about 78.9 million shares of the company, according to a November 14 filing.

Mr Bezos is the first person to hit that level since Microsoft co-founder Bill Gates in 1999.

Amazon stock climbed 2.5% on Friday to put Bezos over the top. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with past year.

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Bezos grabbed the title of world's richest person in July, when he briefly passed Bill Gates. As Bloomberg points out, Gates, who now has a net worth of $86.8 billion, would be worth more than $150 billion if he hadn't given $700 million in Microsoft shares and $2.9 billion in cash to charity.

This year alone, Bezos' fortune has increased by $32.6 billion - more than anyone else on the Bloomberg Billionaire Index. Gates, along with Buffett - who occupies the third slot on Bloomberg's list of richest people - have both given significant amounts of their wealth to charity. He has, however, given away Amazon shares worth $500 million (at current share price) since 2002.

But Mr Bezos has to date has not given away any of his wealth, but in June he tweeted that he wanted the help people with his fortune and was looking for ideas for how to share it.

The 53-year-old Amazon founder bought The Washington Post in 2013 for $250 million and founded the aerospace company Blue Origin, a rival to Elon Musk's SpaceX, in 2000.

Other reports by MaliBehiribAe

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