Black Friday Credited for Jeff Bezos’s Net Worth Being at $100 Billion
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Black Friday Credited for Jeff Bezos’s Net Worth Being at $100 Billion

Black Friday Credited for Jeff Bezos Net Worth Being at 100 Billion

Earlier this year, Jeff Bezos outranked Bill Gates to become the richest person in the world, but his status only last for a few hours. Now, he is worth a $100 billion, the second person in the world to have crossed this milestone.

The Amazon founder’s fortune has increased from $2.4 billion to $100.3 billion as shares of the online retailer jumped more than 2 percent after Black Friday sales. Online purchases for the day saw an increase of 18.4 percent over last year, according to data from Adobe Analytics.

The $100 billion milestone makes Bezos the second billionaire to build a 12-figure net worth. The first person to do so was Bill Gates in 1999.

Bezos’s fortune has risen by $32.6 billion this year, the largest increase of anyone on the Bloomberg Billionaires Index. Amazon shares alone have climbed 5 percent this week.

Gates, who has a net worth of $86.8 billion according to the Bloomberg index, would be worth more than $150 billion if he hadn’t given away almost $700 million Microsoft shares and $2.9 billion of cash and other assets to charity.

Bezos added $34.9 billion to his net worth. At the pace with which Amazon is advancing and rendering many businesses and industries obsolete, it might be safe to say that Bezos will be adding a lot more to his name in the future. Analysts predict this holiday season itself could be very profitable for the company.

Megha Shah
Megha Shah
A dreamer, traveler, aspiring entrepreneur and a bookworm beyond repair, Megha Shah is extremely fond of writing and has been doing so since she was a child. Apart from being a part-time writer, Megha is currently in college, pursuing B. Com. (Hons). Megha is an ardent follower of ‘Hardship, Hustle and Heart’ and firmly believes in the power of hard work and destiny!

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