Published: Mon, November 27, 2017
Markets | By Erika Turner

Jeff Bezos is worth $100 billion

Jeff Bezos is worth $100 billion

The Amazon founder is the newest member of the $100 billion club after increasing his fortune by $2.4 billion to $100.3 billion.

Founder and largest shareholder of Amazon, Jeff Bezos has not only become the richest person in the world, but also touched the Dollars 100 billion-mark for the first time, according to a Bloomberg report.

The title of "world's richest person" has changed hands a few times this year, going back and forth between Bill Gates and Jeff Bezos.

It was gathered that Bezos' fortune went up $2.4 billion to $100.3 billion, as the online retailer's shares jumped more than 2 percent on optimism for Black Friday sales.

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According to Bloomberg, this year itself, worth of Bezos rose by around $34 billion. He owns 78.9 million shares of Amazon, worth $93.6 billion. Amazon shares hit a record on Black Friday - one of the year's busiest shopping days - joining a broader stock market rally.

At the start 2017, Bezos was the fourth richest person in the world and surpassed both Inditex founder Amancio Ortega and Berkshire Hathaway's Warren Buffet this year as well. This rise added to the pocket of Amazon's CEO Jeff Bezos, to $100 billion, which is the highest achievement. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world. That said, Gates has given a significant amount of his fortune away to charity and in acts of philanthropy. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.

His goal was to tackle problems "at the intersection of urgent need and lasting impact".

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