Black Friday sales push Jeff Bezos' net worth over $100bn


The online retail mogul surpassed Bill Gates again on the Bloomberg Billionaires Index, this time advancing nearly $11 billion past the Microsoft co-founder. Courtesy the flurry in online sales on Thanksgiving and Black Friday, Amazon's stock jumped 18 percent as compared to previous year. Black Friday sales helped Amazon shares to jump more than 2 percent and online holiday sales increase by more than 18 percent since previous year, Bloomberg reported.

This week, however, Bloomberg reports that the founder and CEO of Amazon reached a far higher echelon: the club of those worth $100 billion. Bezos has once again knocked Bill Gates off the top spot.

"World's Richest Man" is a title Bezos officially earned in October when he beat Gates for the title, a feat he also briefly accomplished in July.

Jeff Bezos has a lot of XMAS cheer. because he just crossed the $100 BILLION mark thanks to Black Friday.

This surge in net worth makes Bezos, 53, the first billionaire to reach a net worth of $100 billion since 1999.

Amazon's Jeff Bezos is worth over $100 billion amid Black Friday frenzy: Report

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

Unlike Gates and Buffett, Bezos has given relatively little of his fortune to charitable causes. That stake alone is worth more than $93.5 billion as of Friday's closing price of $1,186 a share. In June, he tweeted a solicitation for ideas on a philanthropy strategy.

Bloomberg says Bezos fortune now totals $110.3 billion.

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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