AfterDawn: Tech news

Black Friday sales made Jeff Bezos worth over $100 billion, first time since Bill Gates

Written by Matti Robinson @ 26 Nov 2017 12:06

Black Friday sales made Jeff Bezos worth over $100 billion, first time since Bill Gates Earlier this fall Jeff Bezos, the founder and CEO of e-commerce giant Amazon, passed Bill Gates to become the richest man alive once again after switching places the past year. Now, having a net worth of over $93 billion is pretty good but it was still early in the year, so good ol' Jeff decided to improve the numbers a bit.
Obviously it was Black Friday that now has bumped the Amazon stock enough to increase Jeff Bezos' net worth to over $100 billion – $100,000,000,000. This is the first time anyone has boasted such a high net worth since Bill Gates nearly 20 years ago.

As Bloomberg notes, Bill Gates passed the magical $100 billion net worth in 1999 when he was at the top of his game.

While Black Friday might have taken Bezos over the milestone, and Cyber Monday will probably increase the gap to Bill Gates, it has been a steady rise all year for Amazon and its CEO. Amazon stock is up nearly 60% this year and Bezos' net worth is up nearly as much, over 50%.



Previous Next  
Comments have been disabled for this article.

Latest news

Does your phone rattle? Here's why it happens Does your phone rattle? Here's why it happens (25 Aug 2024 8:30)
When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should.
2 user comments
CEO of Messaging App Telegram Arrested in France CEO of Messaging App Telegram Arrested in France (25 Aug 2024 7:12)
French authorities have detained Pavel Durov, CEO of the messaging service Telegram, amidst an ongoing investigation to determine whether Telegram moderates its platform adequately.
1 user comment
Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum (15 Aug 2024 5:37)
We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
End of an era: Sony to cease production of recordable Blu-ray discs End of an era: Sony to cease production of recordable Blu-ray discs (14 Jul 2024 5:31)
Sony has announced that it will cease the production of consumer-grade, recordable Blu-ray discs.
Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging (14 Jun 2024 5:37)
In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product.
1 user comment

News archive