Amazon's Jeff Bezos Is Now Worth $100 Billion Thanks to Black Friday

Amazon's Jeff Bezos Is Now Worth $100 Billion Thanks to Black Friday

Bezos's net worth surpassed $100 billion on Friday, Bloomberg reported.

It was gathered that Bezos' fortune went up $2.4 billion to $100.3 billion, as the online retailer's shares jumped more than 2 percent on optimism for Black Friday sales.

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The world's richest man and e-commerce mogul directly owns about 78.9 million shares of Amazon. The Amazon founder is the newest member of the $100 billion club after increasing his fortune by $2.4 billion to $100.3 billion.

Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. As pointed by the report, online sales increased by 18.4 percentage in comparison to past year as reported by Adobe Analytics.

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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. I completes a remarkable climb up the rankings by Bezos who began this year as the world's fourth richest man - which is still nothing to be ashamed about - but overtook Bill Gates as the richest back in October.

Mr Gates is now second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn).

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A previous surge in Amazon shares caused the 53-year old to briefly overtake Gates as the world's wealthiest back in July, before further fluctuation caused Bezos' value to slip back down to $89.3bn, behind Gates' estimated $89.9bn. In the process, he became the first billionaire since 1999 to build a 12-figure net worth. It will also be interesting to see whether or not he will announce anything significant in the way of philanthropic endeavors in the short term.

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