Being the richest man in the world wasn\u2019t enough.<\/p>\n
After\u00a0Amazon shares climbed on Black Friday, founder and CEO Jeff Bezos saw his net worth rise to $100.3 billion, according to\u00a0Bloomberg estimates.<\/p>\n
Amazon\u2019s stock has soared this year and Bezos has benefited to the tune of $32.6 billion. Yes, that\u2019s the amount he has earned in 2017 alone.<\/p>\n
So what\u2019s he going to do with all that money?<\/p>\n
Bezos wants suggestions. Over the summer, he tweeted a \u201crequest for ideas.\u201d He said he wants his \u201cphilanthropic activity to be helping people in the here and now- short term- at the intersection of urgent need and lasting impact.\u201d<\/p>\n
It isn\u2019t the first time someone reached the unfathomable 12-figure milestone. Microsoft co-founder\u00a0Bill Gates hit the mark in 1999.<\/p>\n
Gates has since started\u00a0The Giving Pledge\u00a0alongside investor Warren Buffett, a promise to give away at least half of his fortune to charitable endeavors. He has also launched the\u00a0Bill & Melinda Gates Foundation,\u00a0which aims to reduce poverty globally.<\/p>\n
Bezos eclipsed Gates to become the world\u2019s richest person last month. Buffett is presently estimated to be the third-richest at $78.9 billion.<\/p>\n
Amazon has seen its stock rise this year as it continues to convince investors that it will carve out an even bigger lead in e-commerce. The company has also seen success in some of its hardware devices like voice-assistant Alexa.<\/p>\n
Amazon has additionally seen growth in its cloud services business, Amazon Web Services (AWS) and is making new bets in a range of other verticals. Among them is a bet on groceries, with its purchase of Whole Foods earlier this year.<\/p>\n
–<\/p>\n
Source: Techrunch<\/p>\n","protected":false},"excerpt":{"rendered":"
Being the richest man in the world wasn\u2019t enough. After\u00a0Amazon shares climbed on Black Friday, founder and CEO Jeff Bezos saw his net worth rise to $100.3 billion, according to\u00a0Bloomberg estimates. Amazon\u2019s stock has soared this year and Bezos has benefited to the tune of $32.6 billion. Yes, that\u2019s the amount he has earned in […]<\/p>\n","protected":false},"author":14,"featured_media":377748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[106],"tags":[14673,9660],"class_list":["post-377693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-black-friday","tag-jeff-bezos"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/377693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=377693"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/377693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/377748"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=377693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=377693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=377693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}