Getty Image / Drew Angerer / Staff
SUN VALLEY, ID - JULY 13: Jeff Bezos, chief executive officer of Amazon, arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)
You know all of those fantastic deals that you snagged off of Amazon from their pre-Black Friday sale as well as today’s awesome Amazon specials such as video games, knives, Nerf guns, and headphones? Jeff Bezos thanks you.
Thanks to an already outstanding shopping season, the founder of Amazon Inc. founder’s fortune is up $2.4 billion. That pushes the net worth of Bezos to an astounding $100.3 billion. Amazon’s shares are up more than 2% thanks to the optimism of Black Friday sales. Early estimates predict that online purchases for the shopping holiday are up 18.4% over last year. The early signs are already causing Wall Street to get excited about the stock that had already performed sensationally. Bezos owns approximately 78.9 million shares of Amazon, according to a Nov. 14 filing. The 53-year-old Bezos becomes the first billionaire to amass a 12-figure net worth since 1999, when Bill Gates achieved the mind-blowing status.
Last month, Bezos became the richest person in the world after Amazon posted a very positive earnings report. Bezos made $6.6 billion overnight and surpassed Microsoft’s Bill Gates, the previous wealthiest man on the planet. At the time, the Amazon CEO had a net worth of more than $90 billion. The Amazon CEO’s previous net worth high happened on July 27, 2017 when Amazon’s share price was over $1,050 and his fortunes rose to over $93.1 billion. It’s good to be Jeff Bezos.