Jeff Bezos is now value $100 billion


For those who’re one of many tens of millions 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 accordance with Bloomberg, one of many two main providers that monitor the real-time web value of the world’s richest folks.

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

Amazon (AMZN, Tech30) inventory climbed 2.5% on Friday to place Bezos excessive. The inventory received a elevate from reviews that online shopping on Thanksgiving and Black Friday jumped 18% in contrast with final 12 months. 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 corporations 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 12 months, sufficient to complement Bezos by about $34 billion. The truth is, his single-day acquire of $2.four billion can be sufficient by itself to get him into Forbes’ listing of the 1,000 richest folks 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 accordance with 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 revealed November 24, 2017: 2:37 PM ET





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