Jeff Bezos has just broken the $100 billion threshold thanks to Black Friday spending and Amazon’s shares jumping more than 2 percent as a result.
For the last 18 years no billionaire has broken $100 billion, with the last person to achieve this feat being Bill Gates in 1999 – until now. The Amazon founder’s fortune is up $2.4 billion, making him worth a cool $100.3 billion according to Bloomberg.
Overall in 2017, Bezos’s fortune has risen $32.6 billion through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index — a daily ranking of the world’s 500 richest people.
What he’s going to do with all that money is not yet known, although Bezos tweeted in June that he wanted to ramp up his philanthropic efforts and asked for advice on how to best help people in the short term.
In comparison to Bill Gates and Warren Buffett, the second and third richest people in the world respectively, Bezos has given little of his fortune to charity.
The Bloomberg Index estimates that Gates, 62, could be worth over $150 billion had he not given away almost 700 million Microsoft Corp. shares and $2.9 billion of cash and other assets to charity.