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

Black Friday bonanza springs Jeff Bezos top of the rich list, his networth crosses USD 100 bn-mark

The increase, to $100.3bn, is thanks in part to the clamour for Black Friday deals - Amazon shares have gone up 5% this week alone.

If you're one of the millions shopping on Amazon, Friday, congratulations, you helped make Jeff Bezos a $100 billion man. The Amazon founder is the newest member of the $100 billion club after increasing his fortune by $2.4 billion to $100.3 billion.

According to the analysts, the online spending shoots up 18.4 percent over the last year and the remaining festive days of the year will continue to boost the online purchases.

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

Bezos grabbed the title of world's richest person in July when he briefly passed Bill Gates.

In fact, the 62 year-old founder of Microsoft would would be worth more than $150 billion (£112.4bn) if he hadn't donated nearly $700 million (£524.91m) Microsoft Corp. shares and $2.9 billion (£2.17bn) of cash and other assets to charity since 1996.

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As the founder and CEO of Amazon, Bezos is known to hold 78.9 million shares.

Bezos' unprecedented explosion in wealth is impressive, but somewhat damaged by his reputation for not giving to charity as much as his peers, like Gates and Warren Buffet.

Now being tagged as the world's richest man, Bezos will start to receive questions on his plans to spend this wealth. In the process, he became the first billionaire since 1999 to build a 12-figure net worth. 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.

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