Jeff Bezos Net Worth Hits $100 Billion Mark, Thanks To Black Friday

Jeff Bezos Net Worth Hits $100 Billion Mark, Thanks To Black Friday

Jeff Bezos Net Worth Hits $100 Billion Mark, Thanks To Black Friday

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

At just 53-years-old, Bezos' stratospheric rise in wealth is a masterclass in taking a simple tech idea and turning it into an e-commerce empire. Amazon shares hit a record on one of the year's busiest shopping days, joining a broader Black Friday market rally.

Now, as online shoppers gear up for the holidays with some sweet Black Friday deals, Bezos has regained the top spot and skyrocketed past the coveted $100 billion mark.


His current wealth is estimated at $86.8bn, but analysts say he would be worth $150bn had he not given away some 700 million in shares in Microsoft and $2.9bn to charity after re-inventing himself as a philanthropist.

It climbed after reports showed online shopping for Thanksgiving and Black Friday jumping 18% over a year ago. A number of other business investments are also managed through Bezos Expeditions. I completes a remarkable climb up the rankings by Bezos who began this year as the world's fourth richest man - which is still nothing to be ashamed about - but overtook Bill Gates as the richest back in October. However, he lost competition on the same day. It also makes him the most recent person to rack up a 12-figure fortune since Bill Gates managed the milestone nearly two decades ago, in 1999. That was in 1999, when the internet stock bubble briefly put him over the mark.

Related news