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

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

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

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

According to Bloomberg, Bezos's fortune jumped $2.4 billion to $100.3 billion early on November 24, following more than a two percent rise in shares on Black Friday. On Friday alone, Bezos made nearly $2.4 billion.

Gates is believed to be the only other person to reach $100 billion.

Pat Nevin predicts where Man United will finish thanks to Paul Pogba
Nevin told Newstalk: "The physical prowess they've got to come back in [Pogba and Ibrahimovic], they'll be fine at home, they'll get top four".

Bezos had the largest increase of anyone on the Bloomberg Billionaires Index this year with an overall increase of $32.6 billion, this week alone Amazon's share prices have increased by five percent. The last billionaire to do so was Microsoft co-founder Bill Gates.

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. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world. After the close of trading in NY on Friday, the billionaire's total net worth fell back down to $97.9 billion.

Unlike Gates and Buffett, Bezos has given relatively little of his fortune to charitable causes.

'The Partridge Family' actor David Cassidy hospitalised
Cassidy entered the hospital earlier this week and is now in need of a liver transplant, his rep said. He's the stepson of actress and fellow " Partridge Family " star Shirley Jones.

But Mr Bezos has to date has not given away any of his wealth, but in June he tweeted that he wanted the help people with his fortune and was looking for ideas for how to share it.

"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", he wrote.

Foot Locker, Inc. (FL) Q3 Profit & Revenue Top Expectations
In addition to Canaccord reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. According to their observations and findings, the stock could provide a high EPS of $0.86/share and a low EPS of $0.75/share.

Related news