Jeff Bezos Of Amazon Now Worth $100 Billion - Thanks To Black Friday
Nov 27 2017
Amazon.com founder and chief executive Jeff Bezos, 53, saw his net worth climb above $100 billion Friday as shares in his online retail giant surged on optimism over holiday sales. Shares of the world's largest online retailer jumped more than 2 percent on the expectation that Amazon will report a big uptick in Black Friday sales figures, compared to prior years.
Bezos officially earned the title in October when he surpassed Gates, a feat he also briefly accomplished in July.
Jeff Bezos accumulated a whopping $33 billion to his net worth in 2017.
He tweeted a request for ideas about how to help people in June of this year, and since 2002 he has given away Amazon shares totalling about $500 million (£374m) at current prices.
While Gates and Bezos have both been vying for the top spot on the world's richest person list for some time, Gates made it slightly easier for Bezos to surpass him this year when he donated 5% of his net worth (roughly $4.6 billion) to charity in August.