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Bezos's net worth cracks $100 billion mark after Black Friday sales

Bezos's net worth cracks $100 billion mark after Black Friday sales

Bezos owns almost 80-million shares of Amazon stock, earning him $2.4 billion dollars on Friday alone.

If you're one of the millions shopping on Amazon, Friday, congratulations, you helped make Jeff Bezos a $100 billion man.

His current wealth is estimated at $86.8bn, but analysts say he would be worth $150bn had he not given away some 700 million in shares in Microsoft and $2.9bn to charity after re-inventing himself as a philanthropist. It also makes him the most recent person to rack up a 12-figure fortune since Bill Gates managed the milestone nearly two decades ago, in 1999.

Thanks to Black Friday, as quoted from Business Insider, Saturday (11/24/2017), Bezos is the first person in the modern era with a wealth of more than $100 billion or equivalent to IDR1,330 trillion. Today, he is another of those fortunate individuals whose net worth has hit $100 billion mark.

According to the analysts, the online spending shoots up 18.4 percent over the last year and the remaining festive days of the year will continue to boost the online purchases.

This puts Bezos' wealth above that of Microsoft co-founder Bill Gates as the wealthiest person in America.

Mr Gates is now second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn). In the process, he became the first billionaire since 1999 to build a 12-figure net worth.

While Gates and Bezos have both been vying for the top spot on the world's richest person list for some time, Gates made it slightly easier for Bezos to surpass him this year when he donated 5% of his net worth (roughly $4.6 billion) to charity in August. 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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