The total fortune of Jeff Bezos, the founder of Amazon, has reached to a total amount of $100.3 billion, after the shares of the online retailer rose with more than 2% on Friday, due to the investor’s optimism regarding the Black Friday sales, writes Bloomberg.
The “Black Friday” period generated a growth of 18.4% over the past year, according to data released by Adobe Analytics, while the investors are relying on Amazon to attract a larger share of online spending during the winter shopping season.
By exceeding the $100 billion-dollar threshold, 53-year-old Jeff Bezos becomes the first billionaire to overcome since 1999, the incredible fortune of Microsoft’s co-founder Bill Gates.
Bezos’s fortune increased to $32.6 billion dollars since the beginning of this year, with the largest increase in the Bloomberg billionaires index, which includes 500 people.
Only this week Amazon shares have increased by 5%.
While Bezos’s wealth reaches incredible peaks, there will likely be more questions about what he intends to do with the money.
Unlike Bill Gates, who was the richest man in the world until he was overtaken by Bezos in October, and American investor Warren Buffett, the third-richest man in the world with 78.9 billion dollars -Famer Amazon did not get too involved in charity work.
Bezos barely began to focus on philanthropic actions in June, when he asked Twitter for ideas on how he helps the world.
Gates, 62, has a fortune of $86.8 billion, according to the Bloomberg index, which would have cost over $150 billion if it did not give up the Microsoft shares of $700 million, and $2.9 billion in cash and other assets to finance philanthropic actions.