Jeff Bezos Is Now Worth £100 Billion After Amazon Black Friday Sales

Jeff Bezos Is Now Worth £100 Billion After Amazon Black Friday Sales

Bloomberg reported that he is the first to reach the $100 billion milestone since Bill Gates did in 1999.

The Amazon founder's fortune surpassed $100 billion after increasing $2.4 billion this week, thanks to an increase in Amazon's stock price tied to expectations for booming Black Friday sales.

Amazon founder Jeff Bezos has become the world's richest person after soaring Black Friday sales and a banner year for his company.

Bezos has apparently sold approximately $500 million worth of his own Amazon shares since 2002 but has previously stated that he sells approximately $1 billion worth of Amazon shares a year to fund his space exploration business Blue Origin LLC.

Bezos officially earned the title in October when he surpassed Gates, a feat he also briefly accomplished in July.

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At the beginning of the year, Bezos cracked the top four, surpassing Inditex founder Amancio Ortega and US investor Warren Buffett at the time.

Now, as online shoppers gear up for the holidays with some sweet Black Friday deals, Bezos has regained the top spot and skyrocketed past the coveted $100 billion mark. Were he more selfish, Bloomberg estimates Gates could now be worth $150 billion. Unlike Gates, Bezos has given very little of his fortune to charity so far. This past June he asked Twitter for ideas on how to be a better philanthropist.

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

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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