Amazon CEO Jeff Bezos now worth $100 bn

Jeff Bezos Worth Over $100B After Amazon's Black Friday Rally

American entrepreneur, Jeff Bezos, who is the founder and chief executive officer (CEO) of and owner of "The Washington Post", is now worth $100 billion, further securing his title as the world's richest man.

It was gathered that Bezos' fortune went up $2.4 billion to $100.3 billion, as the online retailer's shares jumped more than 2 percent on optimism for Black Friday sales. Gates, who was the richest person in the world before Bezos passed him earlier this year, has committed to giving away at least half of his fortune to philanthropic causes as part of the Giving Pledge.

Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with past year.

Bezos, who founded Amazon, owns about 78.9 million shares of the company, according to a November 14 filing.

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Jeff Bezos arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho.

Mr Gates is now second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn).

On October 27, 2017, the 53-year-old had surpassed Bill Gates on the Forbes list of billionaires with a net worth of over $90 billion. Amazon (AMZN, Tech30) stock climbed 2.5 per cent on Friday to put Bezos over the top. Unlike Gates or Buffet, Bezos has neither pledged his wealth for charity nor has he done too much about it.

That said, Bezos is starting to focus a bit more on philanthropy. This past June he asked Twitter for ideas on how to be a better philanthropist.

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