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

Jeff Bezos Of Amazon Now Worth $100 Billion Thanks To Black Friday

Bill Gates, who is now worth $86.8 billion, would be worth approximately $150 billion if he had not given approximately 700 million Microsoft Corp. shares and $2.9 billion in cash to charity since 1996.

Online sales on Black Friday were up 18.4 percent year-on-year, and Amazon alone may have accounted for half of all online sales on Black Friday according to one estimate, reports The Verge.

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. That put him ahead of Microsoft co-founder Bill Gates, who had held the position since May 2013.

Jeff Bezos is the world's newest $100 billion mogul.

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In fact, the 62 year-old founder of Microsoft would would be worth more than $150 billion (£112.4bn) if he hadn't donated nearly $700 million (£524.91m) Microsoft Corp. shares and $2.9 billion (£2.17bn) of cash and other assets to charity since 1996. Bezos would be the first billionaire to pass the $100-billion mark since 1999, when Microsoft's Bill Gates accomplished the same. Bloomberg calculated that Gates would have a net worth of about $150 billion if not for donating large portions of his wealth to charitable causes.

Bezos hasn't given or pledged as much to charity as his billionaire contemporaries like Gates or Warren Buffett.

Putting it into context, Bezos made $2.4 billion on Friday, enough by itself to propel a person into Forbes top 1,000 richest people on the planet. In June, he tweeted a solicitation for ideas on a philanthropy strategy. Bezos' increase in net worth this year is partly due to an exceptionally profitable year for Amazon, which saw the acquisition of Whole Foods.

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