Jeff Bezos Is Now Worth $100 Billion

Amazon founder and CEO Jeff Bezos

Amazon founder and CEO Jeff Bezos

He owns 78.9 million shares of Amazon that worth $93.6 billion. Courtesy the flurry in online sales on Thanksgiving and Black Friday, Amazon's stock jumped 18 percent as compared to past year.

As holiday shopping dies down over the next few weeks, Bezos' fortune could fluctuate to below the $100 billion mark.

Early indications point to optimism on the part of investors as being justified.

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.

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.

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His annual net worth has increased by $32.6 billion in 2017, the largest increase in the net worth by anyone on the 'Bloomberg Billionaires Index' as mentioned by the report. Bezos then overtook Gates last month when his fortune soared past $90bn. More than 160 billionaires have signed the Giving Pledge, though Bezos is not one of them.

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

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. 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.

Bezos took to Twitter for appeal for ideas in how best to distribute his wealth.

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