Amazon founder Jeff Bezos becomes newest $100bn billionaire thanks to Black Friday

Amazon founder Jeff Bezos becomes newest $100bn billionaire thanks to Black Friday

Amazon founder Jeff Bezos becomes newest $100bn billionaire thanks to Black Friday

Bezos, the world's richest man, owns about 78.9 million shares of Amazon, according to a November 14 filing. On Friday alone, Bezos made nearly $2.4 billion.

Amazon founder Jeff Bezos has become the world's newest and only $100bn billionaire - thanks to a $2.4bn surge in his personal fortune on the run up to Black Friday.

Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. 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.

Online purchases for the day are up 18.4 percent over past year, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season.

Bezos is the largest owner of Amazon shares.

"World's Richest Man" is a title Bezos officially earned in October when he beat Gates for the title, a feat he also briefly accomplished in July.

As a result, Bezos now has a fortune estimated to be $100.3 billion, with roughly a third of that amount contributed during the course of this year alone.

At the start 2017, Bezos was the fourth richest person in the world and surpassed both Inditex founder Amancio Ortega and Berkshire Hathaway's Warren Buffet this year as well. That said, Gates has given a significant amount of his fortune away to charity and in acts of philanthropy. "I'm thinking I want much of my philanthropic activity to be helping people in the here and now-short term-at the intersection of urgent need and lasting impact", he wrote in June, but any immediate charitable plans remain unclear.

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