Black Friday sales push Jeff Bezos' net worth over $100bn
- Author: Darren Santiago Nov 26, 2017,
Nov 26, 2017, 0:21
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. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18% compared with previous year.
According to Bloomberg, Bezos' wealth increased $2.4 billion to $100.3 billion after Amazon shares jumped 2 percent on optimism from Black Friday sales. He owns 78.9 million shares of Amazon, worth $93.6 billion. Bezos has once again knocked Bill Gates off the top spot.
Jeff Bezos has a lot of XMAS cheer. because he just crossed the $100 BILLION mark thanks to Black Friday.
This rise added to the pocket of Amazon's CEO Jeff Bezos, to $100 billion, which is the highest achievement.
Apple admits student interns worked illegal hours on iPhone X production line
Six of them told The Financial Times that they routinely worked 11-hour days, which is illegal under Chinese law. However, they denied that the students who were working overtime were being forced to do so.
Bezos surpassed Microsoft founder Bill Gates as the richest person on the planet back in October before dropping back, but he has now solidified his position as the wealthiest person on earth. Gates, along with Buffett - who occupies the third slot on Bloomberg's list of richest people - have both given significant amounts of their wealth to charity.
Gates, who now has a net worth of $86.8 billion, is estimated to have had a net worth of $150 billion had he not given so much of his fortune to charity. In June, he tweeted a solicitation for ideas on a philanthropy strategy.
Amazon shares are up 58% this year, enough to enrich Bezos by about $34 billion.
He wrote: "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".