Finance

Jeff Bezos is worth $100 billion

Jeff Bezos is worth $100 billion

According to TMZ, thanks to the consumerist extravaganza that is Black Friday, the Amazon CEO's net worth crossed the $100 billion line.

According to a report by Bloomberg, the current net worth of Bezos it about $100.3 billion as Amazon shares jumped more than 2 percent after positive outlook for Black Friday sales.

The title of "world's richest person" has changed hands a few times this year, going back and forth between Bill Gates and Jeff Bezos.

He is trailed by Bill Gates - who saw his fortune reach above $100bn in 1996, the first in the world - when the value of Microsoft surged on Wall Street. Courtesy the flurry in online sales on Thanksgiving and Black Friday, Amazon's stock jumped 18 percent as compared to a year ago. This has now propelled him to the top of the list, with a gain of $2.4 billion on the world's wealthiest list and topping out at $100.3 billion.

Gates, who now has a net worth of $86.8 billion, is estimated to have had a net worth of $150 billion had he not given so much of his fortune to charity.

In October, the European Commission ordered it to pay around €250m (£220m) in back taxes after finding it had benefited from an illegal sweetheart deal with Luxembourg.

Both Gates and Warren Buffet - the world's third richest man with a net worth of only $78.9 billion (£59.17bn) - are big on philanthropy, but Bezos hasn't involved himself too much with it, though it seems he is beginning to make moves to do so. Same goes for Warren Buffet, the United States investor who is the third richest person with $78.9 billion. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.