Amazon's Bezos sees wealth top $100bn amid Black Friday boost
00:20, Nov 26, 2017
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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% compared with past year.
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.
Bezos's net worth surpassed $100 billion on Friday, Bloomberg reported. Gates was the world's richest person prior to Bezos' climb and is now worth nearly $90 billion.
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. Earlier this year, Bezos overtook Gates as the world's richest person.
In a stark reminder of wealth inequality in the United States, it emerged this month that the combined fortunes of Warren Buffett, Bill Gates and Jeff Bezos (roughly $248.5 billion) exceeds the net worth of 160 million Americans, or 53 million USA households. Bezos' fortune now sits at $100.3 billion, up $2.4 billion following a 2 percent increase in Amazon's shares.
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This is a major shift and will make Thanksgiving Day eventually the biggest online sales day, taking the crown from Cyber Monday . It is worth signing up to Amazon Prime if you want to take advantage of the best offers for Black Friday season.
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