Jeff Bezos is worth $100 billion

27 November, 2017, 02:03 | Author: Salvatore Jensen
  • Jeff Bezos is worth $100 billion

Amazon founder Jeff Bezos has become the world's newest and only $100bn billionaire - thanks to a $2.4bn surge in his personal fortune on the run up to Black Friday. Bezos' fortune now sits at $100.3 billion, up $2.4 billion following a 2 percent increase in Amazon's shares.

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.

As holiday shopping dies down over the next few weeks, Bezos' fortune could fluctuate to below the $100 billion mark.

According to the analysts, the online spending shoots up 18.4 percent over the last year and the remaining festive days of the year will continue to boost the online purchases.




It's believed bill gates, the co-founder of Microsoft, is the only other person ever to have reached the $100-billion mark.

Mr Gates is now second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn). That said, Gates has given a significant amount of his fortune away to charity and in acts of philanthropy. However, given the rate his net worth has increased over the past few years, it won't be long before he finds more firm ground beyond the almost inconceivable 12-figure value. Bezos' climbing net worth is due in part to an exceptionally profitable year for Amazon, which saw the acquisition of Whole Foods.

At the start 2017, Bezos was the fourth richest person in the world and surpassed both Inditex founder Amancio Ortega and Berkshire Hathaway's Warren Buffet this year as well. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.

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