Jeff Bezos' net worth breaks $100 billion on Black Friday

Jeff Bezos' net worth breaks $100 billion on Black Friday

Today, he is another of those fortunate individuals whose net worth has hit $100 billion mark.

He tweeted a request for ideas about how to help people in June of this year, and since 2002 he has given away Amazon shares totalling about $500 million (£374m) at current prices.

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.

Early indications point to optimism on the part of investors as being justified.

Online sales for Black Friday are up 18.4% from past year, while the projected final spend is $5bn, according to Adobe Analytics. With Amazon being the top destination for online shopping, it is the web-based retailer took a significant chunk of online dollars.

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But as the company continues to grow, Mr Bezos has seen his wealth increase by $32.6bn in the a year ago alone.

His annual net worth has increased by $32.6 billion in 2017, the largest increase in the net worth by anyone on the 'Bloomberg Billionaires Index' as mentioned by the report.

Bezos is the first person to pass the $100bn mark since Microsoft co-founder Bill Gates in 1999, according to Bloomberg.

All eyes are now on Bezos to see what he decides to do with his fortune. More than 160 billionaires have signed the Giving Pledge, though Bezos is not one of them.

Bezos' unprecedented explosion in wealth is impressive, but somewhat damaged by his reputation for not giving to charity as much as his peers, like Gates and Warren Buffet.

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