Jeff Bezos Is Now Worth £100 Billion After Amazon Black Friday Sales

How was your Friday? Well, whatever you got up to, it probably wasn't as good a day as Jeff Bezo's. According to TMZ, thanks to the consumerist extravaganza that is Black Friday, the Amazon CEO's net worth crossed the $100 billion (£75bn) line.

The online retailer's shares jumped more than two percent in anticipation of the extra income from the sales, causing the 53-year-old entrepreneur's fortune to go up by $2.4 billion (£1.8bn) to $100.3 billion (£75.2 bn), further securing his title of world's richest man.

Credit: PA Images

Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. It completes a remarkable climb up the rankings by Bezos, who began this year as the world's fourth richest man - which is still nothing to be ashamed about - but overtook Bill Gates as the richest back in October.

By comparison, Bill Gates' current estimated net worth stands at a paltry $86.8 billion (£65.1bn). That said, Gates has given a significant amount of his fortune away to charity.

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

via GIPHY

Back in August alone, Gates donated 5% of his net worth to charity, making it a lot easier for Bezos to pass him on the 'rich as fuck' scale.

Both Gates and Warren Buffet - the world's third richest man with a net worth of only $78.9 billion (£59.17bn) - are big on philanthropy, but Bezos hasn't involved himself too much with it, though it seems he is beginning to make moves to do so.

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.

Earlier this year he also sold $1 billion (£750m) of Amazon stock to fund his space business, Blue Origin. It's alright for some, isn't it?

Words: Mischa Pearlman

Featured Image Credit: PA Images

Topics: Black Friday, US News, Amazon

James Dawson

James Dawson is a Journalist at LADbible. He has contributed articles to LADbible’s ‘Knowing Me, Knowing EU’ series on the EU referendum, the 'Electoral Dysfunction' series on the 2017 general election, the ‘U OK M8?’ series tackling mental health amongst young men, and for its ‘Climate Change’ initiative in partnership with National Geographic.

@thejaytoday