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Black Friday sales send Jeff Bezos' net worth soaring past $100 billion

27 November 2017

Amazon.com founder and chief executive Jeff Bezos, 53, saw his net worth climb above $100 billion Friday as shares in his online retail giant surged on optimism over holiday sales.

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Jeff Bezos on top of the world with a wealth of $100 billion. Today, he is another of those fortunate individuals whose net worth has hit $100 billion mark. Courtesy the flurry in online sales on Thanksgiving and Black Friday, Amazon's stock jumped 18 percent as compared to previous year. According to data from Adobe Analytics, online purchases on Black Friday collectively jumped 18.4 percent year-over-year.

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The hike in Mr Bezos's wealth had soared by $32.6bn this year up until Thursday, with the extra $2.4bn landing in his pocket ahead of the consumer frenzy, and secures his position as the world's richest man. He becomes the first person to reach that amount of wealth since Gates in 1999. Same goes for Warren Buffet, the United States investor who is the third richest person with $78.9 billion. However, given the rate his net worth has increased over the past few years, it won't be long before he finds more firm ground beyond the almost inconceivable 12-figure value.

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Both Gates and Warren Buffet - the world's third richest man with a net worth of only $78.9 billion (£59.17bn) - are big on philanthropy, but Bezos hasn't involved himself too much with it, though it seems he is beginning to make moves to do so. It's also been no secret that Bezos has been gradually selling off $1 billion worth of Amazon stock per year, potentially to put towards ventures such as a spaceship project. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.

Black Friday sales send Jeff Bezos' net worth soaring past $100 billion