Black Friday has pushed Jeff Bezos' net worth past $100bn (£74bn), making the Amazon founder the first business mogul to surpass the mark in 18 years. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with past year.
Optimism for the pre-Christmas sales caused shares in the retail giant to jump more than 2 per cent, adding $2.4bn to Bezos' personal fortune and bringing his total net worth to $100.3bn.
Fifty-three-year-old Bezos still tops the world rich list but becomes only the second person in history to surpass the $100 billion mark after Microsoft founder Bill Gates hit 12 figures in July 1999.
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He is trailed by Bill Gates - who saw his fortune reach above $100bn in 1996, the first in the world - when the value of Microsoft surged on Wall Street.
Jeff Bezos on top of the world with a wealth of $100 billion.
Mr Gates is now second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn).
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Now being tagged as the world's richest man, Bezos will start to receive questions on his plans to spend this wealth.
Gates, with a current net worth of $86.8 billion, is estimated to have had a net worth of $150 billion had he not given much of his fortune to charity. As Bloomberg points out, Gates, who now has a net worth of $86.8 billion, would be worth more than $150 billion if he hadn't given $700 million in Microsoft shares and $2.9 billion in cash to charity. 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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