Jeff Bezos just became the world’s richest man. At a net worth of $100 billion dollars, he is in the lonely 12-figure club. The last person to reach 12-figures was Bill Gates back in 1999 at the height of the tech bubble. Today, its Jeff Bezos with the massive fortune, thanks to a 52 % increase in Amazon’s stock price at the height of the modern tech bubble.
The founder and CEO of the world’s largest online retailer is up by $2.4 billion to $100.3 billion, as Amazon’s shares jumped more than 2 percent post Black Friday. According to Bloomberg, online purchases for the day are up 18.4 percent over last year, and investors are betting the company will take the largest share of online shopping over the holiday season.
Jeff Bezo’s fortune rose by as much as $32 billion dollars this year alone as most of his net worth comes from a large stake in the online retailer. Amazon’s stock rose by as much as 52 percent this year, so you can do the math to figure out how many Amazon shares Jeff Bezos owns.
Unlike his Billionaire club companions, Bezos has not contributed to any philanthropic efforts, but has instead opted to fund his space business Blue Origin. Bezos has only just recently thought about giving back, tweeting out back in June for people to give him ideas on how to help.