Black Friday raised Jeff Bezos' net worth to $100 billion
Jeff Bezo$ made out like Scrooge McDuck on Black Friday after rising Amazon share prices lifted his personal fortune to more than $100 billion.
That's billion, with a "b." His 78.9 million shares of Amazon got a boost thanks to investor optimism over Black Friday sales. Basically, your desire to buy cheap stuff from your couch made the richest man in America even richer.
Now, that $100 billion estimate only comes from Bloomberg; Forbes still has him at $99.6 billion. Either way, he is worth around 1.7 million times the median household income in the United States.
As Bloomberg reported, this is the first time a billionaire has broken 12 figures (!) since Bill Gates did it in 1999. So enjoy those discounted Instant Pots, and cook something that will help you forget about the stunning income inequality in modern America.
Topics Amazon Black Friday
Keith Wagstaff is an assistant editor at Mashable and a terrible Settlers of Catan player. He has written for TIME, The Wall Street Journal Magazine, NBC News, The Village Voice, VICE, GQ and New York Magazine, among many other reputable and not-so-reputable publications. After nearly a decade in New York City, he now lives in his native Los Angeles.
