Jeff Bezos Is Now Worth £100 Billion After Amazon Black Friday Sales
26 Nov 2017
How was your Friday? Well, whatever you got up to, it probably wasn’t as good a day as for Jeff Bezos. According to TMZ, thanks to the consumerist extravaganza that is Black Friday, the Amazon CEO’s net worth crossed the $100 billion (£75bn) line.
The online retailer’s shares jumped more than two percent in anticipation of the extra income from the sales, causing the 53-year-old entrepreneur’s fortune to go up by $2.4 billion (£1.8bn) to $100.3 billion (£75.2 bn), further securing his title of world’s richest man.
Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. It 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.
By comparison, Bill Gates’ current estimated net worth stands at a paltry $86.8 billion (£65.1bn). That said, Gates has given a significant amount of his fortune away to charity.
In fact, the 62 year-old founder of Microsoft would would be worth more than $150 billion (£112.4bn) if he hadn’t donated almost $700 million (£524.91m) Microsoft Corp shares and $2.9 billion (£2.17bn) of cash and other assets to charity since 1996.
Back in August alone, Gates donated 5% of his net worth to charity, making it a lot easier for Bezos to pass him on the ‘rich as fuck’ scale.
Both Gates and Warren Buffet – the world’s third richest man with a net worth of only $78.9 billion (£59.17bn) – are big on philanthropy, but Bezos hasn’t involved himself too much with it, though it seems he is beginning to make moves to do so.
He tweeted a request for ideas about how to help people in June of this year, and since 2002 he has given away Amazon shares totalling about $500 million (£374m) at current prices.
Earlier this year he also sold $1 billion (£750m) of Amazon stock to fund his space business, Blue Origin. It’s alright for some, isn’t it?
Source: LAD Bible