Amazon CEO Jeff Bezos now worth $100 bn

Jeff Bezos Of Amazon Now Worth $100 Billion Thanks To Black Friday

The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with previous year.

This puts Bezos' wealth above that of Microsoft co-founder Bill Gates as the wealthiest person in America. That makes the 53-year-old owner of the Washington Post the first billionaire to pass the $100-billion mark since 1999, when Bill Gates had a 12-figure net worth.

Gates is believed to be the only other person to reach $100 billion. He owns 78.9 million shares of Amazon, worth $93.6 billion.

The increase, to $100.3bn, is thanks in part to the clamour for Black Friday deals - Amazon shares have gone up 5% this week alone.

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Bezos' unprecedented explosion in wealth is impressive, but somewhat damaged by his reputation for not giving to charity as much as his peers, like Gates and Warren Buffet.

However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world. Unlike Gates, Bezos has given very little of his fortune to charity so far. However, given the rate his net worth has increased over the past few years, it won't be long before he finds more firm ground beyond the almost inconceivable 12-figure value. 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.

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.

His goal was to tackle problems "at the intersection of urgent need and lasting impact".

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