Jeff Bezos first person since Bill Gates in 1999 to have net worth of $100 billion.
Jeff Bezos’s net worth rose $2.4 billion to
100.3 billion as Amazon shares surged over 2% on optimism for Black Friday sales.
The $100 billion milestone makes Jeff Bezos
the first billionaire to build a 12-figure net worth since 1999, when Microsoft
co-founder Bill Gates hit the mark.
New York:Jeff Bezos is the world’s newest $100 billion mogul.
The Amazon.com Inc. founder’s net worth is up $2.4
billion to $100.3 billion, as the online retailer’s shares jumped more than 2%
on optimism for Black Friday sales. Online purchases for the day are up 18.4%
over last year, according to data from Adobe Analytics, and investors are
betting the company will take an outsized share of online spending over the
gifting season.
The $100 billion milestone makes Bezos, 53, the
first billionaire to build a 12-figure net worth since 1999, when Microsoft
Corp. co-founder Bill Gates hit the mark.
Bezos’s net worth rose $32.6 billion this year
through Thursday, the largest increase of anyone on the Bloomberg Billionaires
Index, a daily ranking of the world’s 500 richest people. Amazon have climbed
5% this week alone.
As Bezos’s wealth flirts with new heights, there’s
likely to be more questions about what he intends to do with it. Unlike Gates,
who was the world’s richest person until Bezos passed him in October, or US
investor Warren Buffett, the world’s third-richest person with $78.9 billion,
Bezos has given relatively little of his fortune to charity.
Bezos is only just starting to focus on
philanthropy, and in June tweeted a request for ideas on how to help people.
Since 2002, Bezos has given away Amazon shares worth about $500 million at
current prices, according to a Bloomberg analysis of Form 4
filings. The billionaire said in April that he sells $1 billion of Amazon stock
every year to fund his space business Blue Origin Llc.
Gates, 62, who has a net worth of $86.8 billion
according to the Bloomberg Index, would be worth more than $150 billion if he
hadn’t given away almost 700 million Microsoft Corp. shares and $2.9 billion of
cash and other assets to charity, according to an analysis of his publicly
disclosed giving since 1996. The index numbers are based on the close of
trading in New York on Wednesday. Bezos’s fortune and Amazon share data reflect
Friday’s closing trading prices in New York. Bloomberg
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