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Jeff Bezos Net Worth Hits $100 Billion Mark, Thanks To Black Friday

27 November, 2017, 00:41 | Author: Samuel Sharp
  • Jeff Bezos has a lot of XMAS cheer... because he just crossed the $100 BILLION mark thanks to Black Friday

Thanks to optimism for Black Friday sales, Amazon's shares rose more than 2 percent, which meant Bezos' fortune went up by $2.4 billion to $100.3 billion, according to Bloomberg.

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. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with a year ago.

It also makes him the most recent person to rack up a 12-figure fortune since Bill Gates managed the milestone nearly two decades ago, in 1999. The Amazon founder is the newest member of the $100 billion club after increasing his fortune by $2.4 billion to $100.3 billion.

But Mr Bezos has to date has not given away any of his wealth, but in June he tweeted that he wanted the help people with his fortune and was looking for ideas for how to share it. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world. Same goes for Warren Buffet, the USA investor who is the third richest person with $78.9 billion.


Topping $100 billion makes Bezos the first billionaire to amass a 12-figure fortune since Microsoft co-founder and philanthropist Bill Gates achieved the feat in 1999.

That said, Bezos is starting to focus a bit more on philanthropy.

He wrote: "I'm thinking I want much of my philanthropic activity to be helping people in the here and now - short term - at the intersection of urgent need and lasting impact".

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