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Amazon CEO Jeff Bezos Now Worth $100 Billion

Amazon CEO Jeff Bezos Now Worth $100 Billion

In passing the $100 billion mark, Bezos, 53, has become the first billionaire to hit the milestone since 1999.

Online sales for Black Friday are up 18.4% from previous year, while the projected final spend is $5bn, according to Adobe Analytics. Black Friday sales propelled the retailer's shares up by over two percent, Bezos being the owner of roughly 17 percent (78.9 million shares worth $93.6 billion) of the company he founded in his garage in Seattle 1994.

CEO Jeff Bezos is now worth more than $100 billion after Amazon's shares surged during Black Friday, according to Bloomberg. The last billionaire to do so was Microsoft co-founder Bill Gates.

However, Gates has a current net worth of $86.8 billion but would far outrank Bezos had he not given away 700 million shares in Microsoft, in addition to $2.9 billion in cash and other assets to charity.

The owner of The Washington Post surpassed Gates as the world's richest person in October, according to Bloomberg.

Helicopter, plane crash in mid-air over England, leaving 'number of casualties'
In May, a man was left fighting for his life after the helicopter he was travelling in with two other men crashed at the site. A statement on Twitter read: "Firefighters now assisting other emergency services at scene of air accident near Waddesdon".


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

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.

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

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


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