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Tech
News18 » Tech
1-min read

Jeff Bezos Tops Forbes List With $100 Bn as Amazon Rises on Shopping Holiday

Bezos owns almost 17 percent of Amazon, which he founded in a Seattle garage in 1994 after quitting a hedge fund job to sell books online.

AFP Relaxnews

Updated:November 28, 2017, 1:41 PM IST
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Jeff Bezos, Amazon Net-Worth, Amazon Black Friday Sale
File photo of Amazon CEO Jeff Bezos. (Image: REUTERS/Andrew Kelly)
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Amazon founder Jeff Bezos was a $100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend's cyber shopping spree. Forbes magazine's real-time ranking of the richest people had Bezos on top, with a personal net worth of $100.3 billion. Microsoft co-founder Bill Gates saw his net worth climb to a dizzying $89.4 billion but was relegated to being the second most affluent person on the planet.

Bezos owns almost 17 percent of Amazon, which he founded in a Seattle garage in 1994 after quitting a hedge fund job to sell books online. Amazon shares finished the official trading day up just shy of a percent and inched up a bit more in after-market trades to top $1,200. Based on the share price, Seattle-based Amazon had a market value of some $576.3 billion.

Market tracker Adobe Digital Insights data showed that online shopping was at a record-setting pace from Black Friday into Cyber Monday.

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| Edited by: Sarthak Dogra
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