{"id":377693,"date":"2017-11-26T09:22:42","date_gmt":"2017-11-26T09:22:42","guid":{"rendered":"http:\/\/citifmonline.com\/?p=377693"},"modified":"2017-11-26T10:55:15","modified_gmt":"2017-11-26T10:55:15","slug":"black-friday-pushes-jeff-bezos-net-worth-to-100-billion","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/11\/black-friday-pushes-jeff-bezos-net-worth-to-100-billion\/","title":{"rendered":"Black Friday pushes Jeff Bezos\u2019 net worth to $100 billion"},"content":{"rendered":"
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":[],"categories":[106],"tags":[14673,9660],"yoast_head":"\n