Jeff Bezos is Now Worth Over $100 Billion

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If you’re one of the millions shopping on Amazon on Black Friday, congratulations: You helped make Jeff Bezos a $100 billion man.

Bezos, the founder and largest shareholder of Amazon, reached the 12-digit milestone for the first time, according to Bloomberg, one of the two major services that track the real-time net worth of the world’s richest people.

Forbes, the other service, shows him just scraping by, with $99.6 billion to his name.

Amazon stock climbed 2.5% on Friday to put Bezos over the top. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18% compared with last year. Bezos made almost $2.4 billion on Friday alone.

Bezos owns 78.9 million shares of Amazon, worth $93.6 billion. That doesn’t account for all his holdings, although the two other highest-profile companies he owns — The Washington Post and space tourism company Blue Origin — don’t move the needle much by comparison.

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SOURCE: CNN Money

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Prince Malachi is the founder of The Oracle Network and the Streetwear brand Y.A.H. Apparel

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