After Black Friday - Jeff Bezos Is Now Worth $100 Billion

Amazon’s Jeff Bezos is now worth $100 billion, further securing his title of the world’s richest man. According to Bloomberg, he’s the first to reach the $100 billion milestones since Bill Gates did in 1999.

“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. Before July, Gates has held the top spot since May 2013.

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. Bezos’ climbing net worth is due in part to an exceptionally profitable year for Amazon, which saw the acquisition of Whole Foods.

The Amazon (amzn, +2.66%) founder’s fortune broke $100 billion after rising some $2.4 billion this week, thanks to an increase in Amazon’s stock price tied to expectations for booming Black Friday sales.

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. Unlike Gates, Bezos has given very little of his fortune to charity so far.  

Read full article here