Amazon's Jeff Bezos Is Now Worth $100 Billion Thanks to Black Friday

Black Friday bonanza springs Jeff Bezos top of the rich list, his networth crosses USD 100 bn-mark

Optimism for the pre-Christmas sales caused shares in the retail giant to jump more than 2 per cent, adding $2.4bn to Bezos' personal fortune and bringing his total net worth to $100.3bn.

It is reasonable for Bezos' pocket to increase because the citizens in Uncle Sam's country at least spent about $1.5 billion or equivalent to IDR19.9 trillion on Thanksgiving night for Black Friday transactions.

The world's richest man and e-commerce mogul directly owns about 78.9 million shares of Amazon.

Online sales for Black Friday are up 18.4% from previous year, while the projected final spend is $5bn, according to Adobe Analytics. With Amazon being the top destination for online shopping, it is the web-based retailer took a significant chunk of online dollars.

Gates, with a current net worth of $86.8 billion, is estimated to have had a net worth of $150 billion had he not given much of his fortune to charity.

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His annual net worth has increased by $32.6 billion in 2017, the largest increase in the net worth by anyone on the 'Bloomberg Billionaires Index' as mentioned by the report. Bezos then overtook Gates last month when his fortune soared past $90bn.

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

But as most of us rummage for deals, one man has come out on top - by several billion dollars.

Bezos started 2017 as the fourth richest person in the world, and surpassed both Inditex (ZTSTF, +2.98%) 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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