Jeff Bezos is worth $100 billion

Javier Howell
November 27, 2017

His current wealth is estimated at $86.8bn, but analysts say he would be worth $150bn had he not given away some 700 million in shares in Microsoft and $2.9bn to charity after re-inventing himself as a philanthropist.

Early indications point to optimism on the part of investors as being justified.

Online purchases for the day are up 18.4 percent over past year, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season. With Amazon being the top destination for online shopping, it is the web-based retailer took a significant chunk of online dollars.

In fact, the 62 year-old founder of Microsoft would would be worth more than $150 billion (£112.4bn) if he hadn't donated nearly $700 million (£524.91m) Microsoft Corp. shares and $2.9 billion (£2.17bn) of cash and other assets to charity since 1996.

On October 27, 2017, the 53-year-old had surpassed Bill Gates on the Forbes list of billionaires with a net worth of over $90 billion. That is the biggest annual increase ever on the Bloomberg Billionaires Index, which tracks the world's 500 wealthiest people and updates them daily. Bezos then overtook Gates last month when his fortune soared past $90bn.

At the start 2017, Bezos was the fourth richest person in the world and surpassed both Inditex founder Amancio Ortega and Berkshire Hathaway's Warren Buffet this year as well.

But as most of us rummage for deals, one man has come out on top - by several billion dollars. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.

Other reports by Insurance News

Discuss This Article

FOLLOW OUR NEWSPAPER