Amazon's Bezos sees wealth top $100bn amid Black Friday boost

27 November, 2017, 02:03 | Author: Martin Tyler
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His post to his followers of more than 220,000 quickly turned up more than 22,000 likes and nearly 50,000 comments with suggestions as to how Mr Bezos could make a difference. Jeff here is launching Amazon's biggest wind farm. In fact, the latter had amassed just over $90 billion back in July, temporarily wresting the mantle from the former Microsoft CEO and chairman before regaining it once again in the last few weeks.

Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. Given the wealth standings of all current billionaires, it seems Bezos will continue to remain on the top spot for a while.

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The online retailer's shares jumped more than two percent in anticipation of the extra income from the sales, causing 53-year-old entrepreneurs own fortune to go up by $2.4 billion (£1.8bn) to $100.3 billion (£75.2 bn), further securing his title of world's richest man. 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 a year ago, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season. In a single week, Amazon stock climbed 5 percent on the trading board.

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Bezos, who surpassed Gates as the world's richest man in October, suggested he knew he needed to up his philanthropy earlier this year when he took to Twitter to ask for ideas. Unlike Gates or Buffet, Bezos has neither pledged his wealth for charity nor has he done too much about it.

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