Amazon CEO Jeff Bezos Now Worth $100 Billion

26 Novembre, 2017, 00:23 | Auteur: Auguste Feret
  • Amazon founder and CEO Jeff Bezos

CEO Jeff Bezos is now worth more than $100 billion after Amazon's shares surged during Black Friday, according to Bloomberg. The 81 million shares Bezos owned according to documents filed in April are worth $96 billion at Friday's closing price.

The increase, to $100.3bn, is thanks in part to the clamour for Black Friday deals - Amazon shares have gone up 5% this week alone.

The online retail mogul surpassed Bill Gates again on the Bloomberg Billionaires Index, this time advancing nearly $11 billion past the Microsoft co-founder.

Reaching the new landmark was shortlived, however.

Amazon shares are up 58% this year, enough to enrich Bezos by about $34 billion.

But as the company continues to grow, Mr Bezos has seen his wealth increase by $32.6bn in the past year alone. His net wealth went up $36.2 billion this year through to November 24-a 49.8 percent increase since the same period last year.

The business mogul took the title of world's richest person in July when Amazon's stocks increased 1.8 percent.

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An Amazon fulfillment center. In the process, he became the first billionaire since 1999 to build a 12-figure net worth.

Amazon stock climbed 2.5% on Friday to put Bezos over the top. Bezos also invests in start-ups, and owns The Washington Post and space company Blue Origin.

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.

U.S. online retail giant Amazon earns good profits during the Black Friday event.

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