Jeff Bezos Of Amazon Now Worth $100 Billion - Thanks To Black Friday

Jeff Bezos Worth Over $100B After Amazon's Black Friday Rally

According to Bloomberg, Adobe Analytics data show online purchases were 18.4 percent higher than last year-possibly driven in part by Amazon driving many physical retailers towards extinction-and that "investors are betting the company will take an outsized share of online spending over the gifting season". Black Friday sales helped Amazon shares to jump more than 2 percent and online holiday sales increase by more than 18 percent since previous year, Bloomberg reported.

Bezos, the founder and largest shareholder of Amazon, reached the 12-digit milestone for the first time, according to Bloomberg, one of the two major services that track the real-time net worth of the world's richest people.

Bezos's 78.9 million shares in Amazon are now worth United States dollars 93.6 billion. Bezos has once again knocked Bill Gates off the top spot.

It is reasonable for Bezos' pocket to increase because the citizens in Uncle Sam's country at least spent about $1.5 billion or equivalent to IDR19.9 trillion on Thanksgiving night for Black Friday transactions.

Bezos started 2017 as the fourth richest person in the world, and surpassed both Inditex (ZTSTF, +2.98%) founder Amancio Ortega and Berkshire Hathaway's Warren Buffet this year as well.

Forbes, which also tracks real-time net worth, put Bezos at $99.6 billion.

By comparison, Bill Gates' current estimated net worth stands at a paltry $86.8 billion (£65.1bn). After the close of trading in NY on Friday, the billionaire's total net worth fell back down to $97.9 billion. In June, he tweeted a solicitation for ideas on a philanthropy strategy.

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

Related News:



Most liked

Weight Loss: How cinnamon (Dalchini) can help you lose weight
Australian researchers found cinnamon will help lower the stomach temperature - which aids digestion - up to two degrees. Cinnamon has a long history of use in traditional medicine and is a peculiar ingredient of person's diet.

Shots fired reported at Oxford Circus tube station in London
Reuters have reported that London's Oxford Circus underground station is being evacuated and that armed police are on the scene. But around 90 minutes after responding, police said there was no evidence of any shots, casualties or suspects.

Jack Maynard Has Apologised To Fans After 'I'm A Celeb' Exit
The woman, who is now 20 years old, told the paper: "I think it was just a rookie error for him, he was very immature then". Growing up online is hard. "All I can do is beg and encourage that you guys don't make the same mistake as well".

Murder On The Orient Express Movie Review
The book had been adapted in 1978 into a movie with Peter Ustinov, Bette Davis, Mia Farrow and Maggie Smith in the cast. Christie first published Death on the Nile in 1937, three years after her Murder on the Orient Express was published.

Stolen John Lennon items recovered in Berlin
Another suspect is reportedly Turkey and is "not available" for law enforcement actions, the AP noted. The second suspect is one of Ono's former chauffeurs who has a past conviction related to the theft.

Nebraska OK's Keystone XL Pipeline, but more obstacles in the horizon
TransCanada wants to build the almost 1,200-mile Keystone XL pipeline from Canada through several states, including South Dakota. Ongoing legal challenges to the project, and the change of route in Nebraska could add further complications.

Trump Administration Ends Temporary Protection for Haitians
Countries that are now covered Haiti, Honduras, El Salvador and Nicaragua, Nepal, Somalia, South Sudan, Sudan, Syria, and Yemen. Countries can gain TPS status due to an armed conflict, environmental disaster, epidemic or other temporary condition.

India declare on 352-8, set Sri Lanka 231 to win
Sri Lanka were reeling on 75 for seven, chasing a target of 231, before the umpires ruled the light too poor to continue. He went down on one knee and roared in delight with a clenched fist towards the dressing room.

Trump floats another Georgia judge as possible Supreme Court pick
He said Trump takes advice on judicial nominees from several sources, including the Federalist Society and the Senate. White House counsel Don McGahn said the group reflects the Trump administration's vision of the judiciary.

Gerry Adams to announce retirement as Sinn Féin president today
Last night, the party voted in favour of a motion to hold a special conference on any decision to enter coalition government. Many believe Sinn Fein's popularity among voters is hampered by the presence of leaders from Ireland's era of Troubles.

George Clooney Will Star in and Direct 'Catch 22' Series
The episodes for the series have been written by Luke Davies and David Michod, who are also executive producing the project. George Clooney is returning to television, almost two decades since his last appearance on the hit medical drama ER.

'Ultimate completion of the nuclear force': North Korea rules out negotiations
United States lieutenant colonel serves as its commander, while South Korea's lieutenant colonel serves as his deputy. The soldier's condition was "not surprising at all considering the north's hygiene and parasite problems", he said.

Wal-Mart Stores Inc (NYSE: WMT)
The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03, Bloomberg Earnings reports. Net sales at Walmart International rose 4.1% to $29.5 billion, with 10 of its 11 eleven markets posting positive comp sales.

Denton apartment floor collapses, 50 residents displaced
The astonishing accident took place at around 1.40am in a students-only housing complex in the city of Denton in Texas. Carroll and her three roommates say they have nowhere to go, and are displaced along with fifty other residents.

Police Identify Suspect in Mall of America Stabbing
Witnesses told local media that one person was stabbed in the back and another knifed multiple times. While the Macy's store closed early, the Mall of America stayed open and was not placed on lockdown.