Jeff Bezos is now value $100 billion


In the event you’re one of many thousands and thousands purchasing on Amazon on Black Friday, congratulations: You helped make Jeff Bezos a $100 billion man.

Bezos, the founder and largest shareholder of Amazon, reached the 12-digit milestone for the primary time, in response to Bloomberg, one of many two main providers that observe the real-time internet value of the world’s richest individuals.

Forbes, the opposite service, exhibits him simply scraping by, with $99.6 billion to his identify.

Amazon (AMZN, Tech30) inventory climbed 2.5% on Friday to place Bezos excessive. The inventory obtained a carry from reviews that online shopping on Thanksgiving and Black Friday jumped 18% in contrast with final yr. Bezos made nearly $2.four billion on Friday alone.

Related: Jeff Bezos just sold $1.1 billion worth of Amazon stock

Bezos owns 78.9 million shares of Amazon, value $93.6 billion. That does not account for all his holdings, though the 2 different highest-profile firms he owns — The Washington Post and house tourism firm Blue Origin — do not transfer the needle a lot by comparability.

Related: Jeff Bezos is the smartest guy in business

Amazon shares are up 58% this yr, sufficient to counterpoint Bezos by about $34 billion. In actual fact, his single-day achieve of $2.four billion could be sufficient by itself to get him into Forbes’ listing of the 1,000 richest individuals on the planet.

Bezos grabbed the title of world’s richest person in July, when he briefly handed Invoice Gates. He moved again ahead of Gates in October. The Microsoft founder is now value a mere $89 billion, in response to Forbes and Bloomberg.

Gates is believed to be the one different individual to succeed in $100 billion. That was in 1999, when the web inventory bubble briefly put him over the mark.

CNNMoney (New York) First printed November 24, 2017: 2:37 PM ET





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