Published On: Sat, Nov 25th, 2017

Jeff Bezos’ web value surpasses 100 billion

Bloomberg has been keeping track of Amazon CEO Jeff Bezos’ web value and notes that at this time, for the primary time, it has exceeded $100 billion. That’s 100,000,000,000 . He was already definitively the richest individual on the earth after spending part of 2016 trading places with Bill Gates. Gates, by the best way, was the final individual to achieve that stratospheric degree of wealth, again in 1999.

Bezos’ fortune is swelling primarily as a result of Amazon’s inventory has been doing so properly this 12 months. It was a Black Friday Amazon inventory worth bump that pushed him over the 12-figure mark at this time. That inventory bump was totally justified, as one agency estimates that Amazon may have accounted for half of all online sales for Black Friday. Half.

Slivers of his web value (to him) are being spent on costly (to regular people) issues: $250 million on the Washington Post back in 2013. A billion dollars a year in stock to fund Blue Origin and its rockets. He transformed a billion dollars worth of stock into cash earlier this month.

However at that stratospheric degree of wealth, the type of cash that’s mainly inconceivable to understand in need of speaking about nationwide governmental budgets, you possibly can’t keep away from a easy query: how a lot will he give away and the way? Bezos himself is clearly in search of a solution. This previous June he asked Twitter for ideas on how to be a better philanthropist. His objective was to sort out issues “on the intersection of pressing want and lasting impression.”

As of this second, there are almost 50 thousand replies to Bezos’ tweet. Let’s simply do some easy division to present you a way of the size of Bezos’ fortune proper now. If he simply break up his cash up between every of the 47,742 individuals who replied to his tweet, they’d every obtain about 2.1 million .

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