Business

Amazon Founder Jeff Bezos’ Net Worth Briefly Eclipses $100 Billion

Amazon founder Jeff Bezos briefly eclipsed the $100 billion net worth mark due to an uptick in the tech conglomerate’s stock price, likely stemming from confidence in Black Friday sales.

Bezos net worth has since taken a slight dip from $100.3 billion to $97.9 billion as of the early afternoon (EST) Nov. 24, according to Bloomberg. But, overall, it has increased significantly in recent hours and days (and even months and years), putting him far ahead of Microsoft co-founder Bill Gates, who is at $88.9 billion. Gates was the first person to hit the 12-figure net worth mark, doing so in 1999.

As the stock market naturally fluctuates, so too does the net worth of big wigs, since their wealth is tied to the highly sizable amounts of shares they possess. Bezos temporarily surpassed Gates earlier in the year as the world’s richest man after his fortune was valued at more than $90 billion. (RELATED: Gates, Bezos, and Buffett Are As Rich As The Bottom Half Of America)

It’s not exactly surprising that Bezos’ wealth is steadily and quickly expanding. Once a relatively simple e-commerce service, Amazon has grown into a company with services in several industries, like film and show production, both brick and mortar grocery stores and home deliverycloud computing technology, proprietary electronics, and pizza ordering.

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