Amazon founder Jeff Bezos becomes newest $100bn billionaire thanks to Black Friday

26 November 2017, 12:19 | Andres Norman

Amazon's Jeff Bezos is worth over $100 billion amid Black Friday frenzy: Report

Amazon Card

Jeff Bezos, Amazon CEO, Washington Post owner, and Blue Origin founder, had a pretty good Thanksgiving this year per Bloomberg, which estimated this week that Black Friday sales on Amazon had put him over the $100 billion personal wealth mark. Amazon shares hit a record on Black Friday - one of the year's busiest shopping days - joining a broader stock market rally.

The rise outstripped anyone else on Bloomberg's Billionaire's Index, and edged Bezos ahead of Bill Gates as the world's richest person in July.

On Friday, Amazon founder Jeff Bezos became the only person with a $100bn (£75bn) fortune, seeing his wealth creep up by $2.4bn thanks to a 2% jump in Amazon's shares. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world.

Get this. Bezos made $2.4 BILLION on Friday! That said, Gates has given a significant amount of his fortune away to charity and in acts of philanthropy.

Mass brawl erupts in Alabama during Black Friday shopping sales
A video where we see two women reined in by the forces of law and order has been circulated on the social networks. Management said the mall closed at about 11:30 p.m. because of a recommendation from police.

'The Partridge Family' Star David Cassidy in Critical Condition with Organ Failure
TMZ had reported that David was admitted to a Florida medical center three days ago and was suffering liver and kidney failure. Phil" earlier this year, opened up about the diagnosis, saying his mother and grandfather also both suffered from dementia.

'Oil era is far from over,' says IEA's annual report
Both benchmarks early in the previous week hit highs last seen in 2015, but traders said the market had lost some momentum since then.

The world's richest man and e-commerce mogul directly owns about 78.9 million shares of Amazon.

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.

In a stark reminder of wealth inequality in the United States, it emerged this month that the combined fortunes of Warren Buffett, Bill Gates and Jeff Bezos (roughly $248.5 billion) exceeds the net worth of 160 million Americans, or 53 million USA households.

He wrote: "I'm thinking I want much of my philanthropic activity to be helping people in the here and now - short term - at the intersection of urgent need and lasting impact".



Other News

Trending Now

At Least 200 Dead In Egypt Mosque Attack
The affiliate also is believed to have been behind the 2016 downing of a Russian passenger jet that killed 226 people. The attack took place as worshipers were listening to a sermon during prayers on the Islamic Sabbath.

Zakiur Rehman Lakhvi's Son Killed With Four Other Militants In Hajin Encounter
In October, two IAF Garud commandos were killed in an encounter that also left two terrorists including a local recruit dead. Defence spokesman Col Rajesh Kalia said six militants, including LeT commander Mahmood Bhai, were killed in the gunfight.

Truck's Trump f-bomb catches Fort Bend County sheriff's attention
KTRK reports Nehls said during a news conference that he had no regrets about the Facebook post . Others said they didn't want their children forced to see profanity on the road.

Steve Bannon will continue to support Roy Moore
Hannity played footage of Moore saying the accusation was "absolutely false" and that he didn't even know the woman. Alabama Republican Party officials convened by phone late Wednesday to discuss the path forward for Moore.

Russia Tried to Pass off a Video Game as Combat Footage
Instead, it said, American forces interfered with Russian air operations, allowing ISIS to recover and redeploy. This isn't the first time the Russian government has been caught distributing fake or misattributed video.

Floor Collapses at Denton Apartment Complex
Carroll says that's typical; she's called the cops on the party-goers before. About 50 residents haven't been able to return to their apartmentst.

Taylor Swift's 'reputation' operates as a catchy Burn Book
Appearing on Saturday Night Live on Saturday evening, Taylor first performed the second single from the album, ... Swift continued her snake motif by singing with a gold microphone in the shape of a serpent.

Tennessee fires Butch Jones
For the previous 32 years, ESPN noted, the Vols had just two head coaches: John Majors and Phillip Fulmer. Jones inherited a program that had posted three straight losing seasons under coach Derek Dooley.

The Teenage Mutant Ninja Turtles Are Coming to Injustice 2
Injustice 2 has been out for almost six months, and in that time, the game's roster of fighters has grown significantly. For now, enjoy this new trailer featuring the heroes in a half shell jumping in to take on The Atom and Enchantress.

Kevin Spacey's Scenes Are Being Totally Replaced In A Just-Finished Movie
All the Money in the World , directed by Ridley Scott and produced by Sony, isn't the first to cut ties with the actor. The actor has since been accused by more than dozen men of either sexually harassing or assaulting them.