Amazon's Bezos sees wealth top $100bn amid Black Friday boost

Amazon's Bezos sees wealth top $100bn amid Black Friday boost

Amazon's Bezos sees wealth top $100bn amid Black Friday boost

Inc. founder Jeff Bezos has become the newest billionaire to reach a net worth of $100 billion. Black Friday sales helped Amazon shares to jump more than 2 percent and online holiday sales increase by more than 18 percent since a year ago, Bloomberg reported.

While the top spot has seen a Gates vs Bezos contest, for some time, Gates' charity initiative in which he gave away 5 per cent of his net worth (roughly $4.6 billion) in August, made it easier for Bezos to surpass him. He owns 78.9 million shares of Amazon that worth $93.6 billion.

Gates is believed to be the only other person to reach $100 billion. Gates hit the $100 billion mark back in 1999, and Bezos is the first since then to duplicate the feat.

Amazon founder and CEO Jeff Bezos now has a 12-digit fortune, according to an estimate by Bloomberg.

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Amazon stock shot up 2.5% Friday, and Bezos is the largest shareholder. The last billionaire to do so was Microsoft co-founder Bill Gates.

Online sales for Black Friday are up 18.4% from a year ago, while the projected final spend is $5bn, according to Adobe Analytics. Were he more selfish, Bloomberg estimates Gates could now be worth $150 billion.

Unlike Gates and Buffett, Bezos has given relatively little of his fortune to charitable causes. He has, however, given away Amazon shares worth $500 million (at current share price) since 2002. However, just in June, Bezos sent out a tweet requesting ideas on how to make sure his "philanthropic activity" is "helping people".

In addition to the Amazon, this bald-headed man also has about $3 billion worth of shares in the rocket company, Blue Origin.

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