After Black Friday, Jeff Bezos’ net worth is now above $100 billion

Amazon CEO Jeff Bezos — also known as ‘swole Bezos‘ — is now wealthier than ever before.

Bezos saw his net worth rise to $100.3 billion USD following a Black Friday-induced jump in Amazon shares, according to Bloomberg estimates.

The Amazon CEO follows in the footsteps of Microsoft co-founder Bill Gates, who hit the 12-figure mark in 1999 and who Bezos passed as the world’s richest person last month.

Unlike Gates, however, Bezos is less well-known for philanthropy. Even as Gates hit the $100 billion milestone back in the nineties, he had just made history by giving the largest gift ever by a living person to a charitable foundation — $5 billion to support education and health care causes.

How does Bezos plan to give back? He took suggestions on the matter back in June, stating he’d like to create a philanthropy strategy that focused on “helping people in the here and now — short term — at the intersection of urgent need and lasting impact.”

He puts this in opposition to his business propositions, naming space company Blue Origin, Amazon and Washington Post, which Bezos states all contribute to society and civilization in the long term.

Bezos has not publicly revealed a cohesive philanthropy strategy as of yet.

In a recent report, the Institute for Policy Studies stated that the three richest people in the U.S. – Bill Gates, Jeff Bezos and Warren Buffett – own as much wealth as the bottom half of the U.S. population, or 160 million people.

Source: Bloomberg Via: Tech Crunch