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

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

Topping $100 billion makes Bezos the first billionaire to amass a 12-figure fortune since Microsoft co-founder and philanthropist Bill Gates achieved the feat in 1999.

Today the business is the largest online retailer in the world and the talk of town here in Australia, where the launch of Amazon's local offering is imminent. The billionaire is also CEO of aerospace company Blue Origin, the owner of The Washington Post and was one of the first shareholders in Google, with an estimated portfolio of shares worth $3.1 billion. The Amazon founder is the newest member of the $100 billion club after increasing his fortune by $2.4 billion to $100.3 billion.

Jeff Bezos, the founder of Amazon.com, Inc., has seen his company grow at an exponential rate. This has now propelled him to the top of the list, with a gain of $2.4 billion on the world's wealthiest list and topping out at $100.3 billion. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with previous year.

Sisi vows to respond with 'brute force' against mosque attackers
President Abdel-Fattah el-Sissi declared three days of mourning and called a meeting of security officials after the attack. Will be calling the President of Egypt in a short while to discuss the tragic terrorist attack, with so much loss of life.

The hike in Mr Bezos's wealth had soared by $32.6bn this year up until Thursday, with the extra $2.4bn landing in his pocket ahead of the consumer frenzy, and secures his position as the world's richest man. In a single week, Amazon stock climbed 5 percent on the trading board. Unlike Gates or Buffet, Bezos has neither pledged his wealth for charity nor has he done too much about it.

Bezos, who surpassed Gates as the world's richest man in October, suggested he knew he needed to up his philanthropy earlier this year when he took to Twitter to ask for ideas.

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