Amazon's Jeff Bezos is worth over $100 billion amid Black Friday frenzy

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Black Friday has pushed Jeff Bezos' net worth past $100bn (£74bn), making the Amazon founder the first business mogul to surpass the mark in 18 years. The stock of Amazon has jumped 2 points in the share market after a spectacular Black Friday sales figures for the online retailer.

The hike in Mr Bezos's wealth had soared by $32.6bn this year up until Thursday, with the extra $2.4bn landing in his pocket ahead of the consumer frenzy, and secures his position as the world's richest man.

Bloomberg reports that he is the first person to reach the $100 billion (£75bn) milestone since Bill Gates in 1999. As pointed by the report, online sales increased by 18.4 percentage in comparison to past year as reported by Adobe Analytics.

In fact, the 62 year-old founder of Microsoft would would be worth more than $150 billion (£112.4bn) if he hadn't donated nearly $700 million (£524.91m) Microsoft Corp. shares and $2.9 billion (£2.17bn) of cash and other assets to charity since 1996.

Jeff Bezos arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. Bezos' increase in net worth this year is partly due to an exceptionally profitable year for Amazon, which saw the acquisition of Whole Foods.

On October 27, 2017, the 53-year-old had surpassed Bill Gates on the Forbes list of billionaires with a net worth of over $90 billion.

But Mr Bezos has to date has not given away any of his wealth, but in June he tweeted that he wanted the help people with his fortune and was looking for ideas for how to share it.

Meanwhile, Bezos himself has shown interest in philanthropy.

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