Black Friday Helps Increase Pocket of Amazon Boss to Reach $100 Bln

Jeff Bezos fortune has now topped $100bn. Brent Lewis  Getty
Jeff Bezos fortune has now topped $100bn. Brent Lewis Getty

26 November, 2017

It came as sales over the internet overall shot up by almost a fifth (18.4%) on the day - as shoppers snapped up bargains - compared to the same 24-hour period previous year, figures show. Black Friday sales helped Amazon shares to jump more than 2 percent and online holiday sales increase by more than 18 percent since past year, Bloomberg reported.

Jeff Bezos, Amazon CEO, Washington Post owner, and Blue Origin founder, had a pretty good Thanksgiving this year per Bloomberg, which estimated this week that Black Friday sales on Amazon had put him over the $100 billion personal wealth mark. The last billionaire to do so was Microsoft co-founder Bill Gates. Gates was the world's richest person prior to Bezos' climb and is now worth nearly $90 billion.

According to Bloomberg, Bezos's fortune jumped $2.4 billion to $100.3 billion early on November 24, following more than a two percent rise in shares on Black Friday.

Just this week, Bezos rose another $2.4 billion, which gave him the final push to reach the 12-figure net worth.

USA online sales surge, shoppers throng stores ahead of Black Friday
Americans are expected to shell out $6.6 billion online the Monday after Thanksgiving, while Black Friday is expected to rake in $5 billion in online sales.

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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.

Gates, who now has a net worth of $86.8 billion, is estimated to have had a net worth of $150 billion had he not given so much of his fortune to charity. Unlike Gates, Bezos has given very little of his fortune to charity so far. He has also requested ideas for philanthropic ventures on Twitter. In July, Bezos' net worth was $90.6 billion.

His goal was to tackle problems "at the intersection of urgent need and lasting impact".

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