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 Corp.co-founder 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".

Recommended:



Popular

Merkel rejects snap elections after failed talks
To that end, last week Merkel commented that she would be open to new elections instead of creating a minority government. Speaking at a CDU party conference in K├╝hlungsborn in Northern Germany, she said: "The people have voted".

Chip Kelly Finalizing Deal With UCLA To Be Next Head Coach
Florida had kept its options open while engaged with Kelly and is now prepared to pursue those other candidates. Chip Kelly appears headed back to the school.

Padmavati row: Body found in Nahargarh
A message engraved on a rock near the spot reads, " Padmavati ka virodh karne walo, hum kile par sirf putle nahi latkate". A man's body was found hanging off the parapet of the Nahargarh Fort in Jaipur this morning.

Wanted Florida teen spotted in central Pa. caught trying to enter Canada
French is described as 5 feet 4 inches tall 53-year-old white female with blonde hair and blue eyes. The Florida Department of Law Enforcement has cancelled the Missing Child Alert for Logan Mott .

Istanbul holds rally saying "no" to violence against women
This evidence, however, doesn't improve the actions for women's inclusion, leadership and protection. Violence against women and girls is one of the most pressing social issues across the world.

Manny Pacquiao wants a shot at Conor McGregor, too
Before the bout against Horn, Manny Pacquiao had assured a rematch clause for the WBO welterweight title. Should McGregor and Pacquiao go ahead, it would be one of the most lucrative fights in boxing.

Egypt's Sisi vows fierce action against mosque attack amid massive condemnation
A Health Ministry official told Al Jazeera TV that "there were many people inside the mosque - it's only a small mosque". Palestinian President Mahmoud Abbas also strongly denounced the terror attack, voicing his solidarity with Egypt.

Black Friday shoppers resort to punches at mall in Alabama
A 19-year-old suffered a gunshot wound while in a auto in the parking lot and reportedly faced life-threatening injuries. As part of its normal holiday shopping plan, Hoover police have increased its presence around the mall.

Robinho Handed 9-Year Jail Term For Sexual Assault
For the other four, accused of gang rape while taking advantage of the woman who was drunk, the trial was suspended. Former Real Madrid and Manchester City star Robinho is now playing in his homeland for Atletico Mineiro .

Apple to Launch iPhone SE 2 in Early 2018
That said, for me, I don't think I could go back to a non plus-sized phone after using the iPhone 8 Plus for the last six weeks. The iPhone SE2 could also come with an upgraded A10 chip, like the one found in the iPhone 7.