Amazon founder Jeff Bezos becomes newest $100bn billionaire thanks to Black Friday

Amazon founder Jeff Bezos' net worth exceeds $100

Amazon CEO Jeff Bezos is now worth $100 billion, which makeshim the world's richest man. Shares of the world's largest online retailer jumped more than 2 percent on the expectation that Amazon will report a big uptick in Black Friday sales figures, compared to prior years.

Online purchases for the day are up 18.4 percent over previous year, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season.

But Mr Bezos has to date has not given away any of his wealth, but in June he tweeted that he wanted the help people with his fortune and was looking for ideas for how to share it.

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The 81 million shares Bezos owned according to documents filed in April are worth $96 billion at Friday's closing price.

In 1999, it was Bill Gates who was able to reach this mark.

Gates is the second wealthiest man, according to Bloomberg's Billionaire's Index, with a net worth estimated earlier this year of $88.9 billion.

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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.

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. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world. It will also be interesting to see whether or not he will announce anything significant in the way of philanthropic endeavors in the short term.

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