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

27 November, 2017, 02:04 | Author: Barbara Daniel
  • Bezos makes more money in one minute than the average millennial makes in a year

Amazon CEO and world's richest person Jeff Bezos is now even richer, according to an estimate Friday by Bloomberg.

Bloomberg reports that the $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft Bill Gates hit the mark.

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

Bezos grabbed the title of world's richest person in July when he briefly passed Bill Gates.

Now, off the back of Black Friday sales, Amazon's share price climbed more than two percent, contributing to a $2.4 billion boost in wealth for the company's founder. It's also been no secret that Bezos has been gradually selling off $1 billion worth of Amazon stock per year, potentially to put towards ventures such as a spaceship project.

Black Friday bonanza springs Jeff Bezos top of the rich list, his networth crosses USD 100 bn-mark

His post to his followers of more than 220,000 quickly turned up more than 22,000 likes and nearly 50,000 comments with suggestions as to how Mr Bezos could make a difference.

Mr Gates is now second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn). 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. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.

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



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