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Bezos Cruises past Gates Thanks to Black Friday Success

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Black Friday was certainly friendly to Jeff Bezos as he is now worth $100 billion and secured his rank at the top as the world’s richest man. He is the first person to reach $100 billion since 1999 when Bill Gates earned the honor. He also got the title of world’s richest man in July and October to pass by Gates, who sat comfortably in the spot he’s been comfortably resting in since May of 2013 without fail.

Bezos began 2017 as number four on the list of world’s richest men, passing by both Warren Buffet and Amancio Ortego. The primary cause for this climb can be attributed to how successful Amazon has been this past year along with obtaining Whole Foods during this time to expand the business and profitability.

Bezos experienced this feat after his worth rose by over $2.4 billion due to an increase in sales and anticipation for the success of Black Friday. The stock price rose in anticipation of how successful the deals would be in enticing consumers to make purchases on deals ranging from electronics to housewares and toys.

The competition between Gates and Bezos has been going on for a while, but it was a lot easier for Bezos to surpass Gates since he donated roughly $4.6 billion or five percent of his overall net worth to charities in August. Bezos track record isn’t as generous as, so far, he has done little in the way of charitable contributions. Gates would likely worth over $150 billion if he did not generously donate a large part of his worth.
Fun fact: It is estimated that it would take 160 million Americans to equal the worth of the top three richest individuals in the world. These are Jeff Bezos, Bill Gates, and Warren Buffett.

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