Amazon founder and CEO Jeff Bezos already became the richest person on the planet after trading the envious place with Microsoft co-founder Bill Gates a few times earlier this year. However, his net worth has now skyrocketed to a level that has previously been attained by Gates only. According to a new report, Jeff Bezos’ net worth broke the $100 billion barrier earlier this week. That’s 100,000,000,000 dollars, just in case you were wondering.
Bill Gates was the last person to reach a 12-figure net worth and that was back in 1999. Bezos is the only person after him to achieve a net worth of more than $100 billion.
This obviously doesn’t mean that Bezos has a hundred billion dollars in the bank. It’s his net worth which is tied to the performance of Amazon’s stock and some other factors. The reason why his net worth is up so much this year is because Amazon’s stock has been on a rally.
Amazon’s stock price particularly got a good bump over Black Friday and that’s what pushed Bezos to the 12-figure net worth. That stock price bump wasn’t a fluke. Amazon is estimated to have accounted for almost half of all online sales this Black Friday. You can imagine why investors are bullish on the company.
Jeff Bezos’ net worth may come down if Amazon’s stock price takes a hit. It may also continue to soar if the rally continues, firmly cementing his position as the richest person on the planet.