Amazon's Jeff Bezos surpasses $100 billion net worth

The $100 billion milestone makes Jeff Bezos the first billionaire to build a 12-figure net worth since 1999 when Microsoft co-founder Bill Gates hit the mark

Amazon's Jeff Bezos surpasses $100 billion net worth

Bezos net worth has since taken a slight dip from $100.3 billion to $97.9 billion as of the early afternoon (EST) Nov. 24, according to Bloomberg.

Business mogul Jeff Bezos' net worth jumped above $100 billion on Friday amid optimism for Amazon's Black Friday sales.

Forbes, the other service, shows him just scraping by, with $99.6 billion to his name. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18% compared with previous year.

Gates, 62, who has a net worth of $86.8 billion according to the Bloomberg index, would be worth more than $150 billion if he hadn't given away nearly 700 million Microsoft Corp. shares and $2.9 billion of cash and other assets to charity, according to an analysis of his publicly disclosed giving since 1996. Bezos' fortune now sits at $100.3 billion, up $2.4 billion following a 2 percent increase in Amazon's shares. Since 2002, Bezos has given away Amazon shares worth about $500 million at current prices, according to a Bloomberg analysis of Form 4 filings. Bezos also invests in start-ups, and owns The Washington Post and space company Blue Origin.

Amazon shares are up 58% this year, enough to enrich Bezos by about $34 billion. He moved back ahead of Gates in October.

Bezos started 2017 as the fourth richest person in the world, and surpassed both Inditex (ztstf) founder Amancio Ortega and Berkshire Hathaway's Warren Buffet this year as well.

Get this. Bezos made $2.4 BILLION on Friday! That was in 1999, when the internet stock bubble briefly put him over the mark.

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