Forums - General Discussion - Amazon CEO Jeff Bezosí Net Worth Surpasses $100B

A record-breaking start to the holiday quarter has catapulted Amazon (AMZN) CEO Jeff Bezos to become the world’s wealthiest person (again), surpassing Microsoft (MSFT) chairman Bill Gates.

Despite most brick-and-mortar retailers using hefty discounts to lure shoppers during Thanksgiving and Black Friday events, online sales still hit all-time highs. And Amazon, the world’s largest online retailer, dominated those sales, accounting for 45 to 50% of Black Friday revenues, according to market research firm GBH Insights.

In a 24-hour span, the Seattle-based tech giant hauled in more than $1 billion in sales. The company said that orders via mobile devices grew more than 50% on Thanksgiving day. Investors wasted no time doing the math, projecting what is poised to be a spectacular holiday season for Amazon, sending AMZN stock soaring to all-time highs Monday, reaching $1,213.41.

Amazon shares have risen 60% year-to-date, including more than 26% over the past three months, besting the 6.5% three-month rise of the S&P 500 index. Just this year alone, those returns have boosted Bezos' wealth by 53%.

In the process, Bezos’ net worth, which is almost all tied to AMZN stock, broke above $100 billion Monday for the first time, according to the Bloomberg Billionaires Index. He surpassed the previous leader, Bill Gates, who, according to Forbes, is worth around $90 billion. And there’s seemingly no signs of slowing down.

http://www.nasdaq.com/article/amazon-ceo-jeff-bezos-net-worth-surpasses-100b-cm883240



Around the Network

Net worth tied to stocks is worth nothing.



If you demand respect or gratitude for your volunteer work, you're doing volunteering wrong.

vivster said:
Net worth tied to stocks is worth nothing.

If he were to sell his stock now, he would make 100 billion+... How is that nothing?



fgsduilfgasuklwgefidslzfgb4yiogwefhawi4fbielat5gy240bh3e

If he starts selling price will drop



I bought a new Xperia XZ1 compact from Amazon UK last weekend so you're welcome Mr Bezos!



Around the Network
vivster said:
Net worth tied to stocks is worth nothing.

I will gladly take all the "nothing" anyone is willing to spare then.



roadkillers said:
vivster said:
Net worth tied to stocks is worth nothing.

If he were to sell his stock now, he would make 100 billion+... How is that nothing?

No. The value of his stock, based on the price of current transactions, is 100 billion.

It doesn't mean there some comapany or fund that would buy them tomorrow for 100 billion.



Ahh the slaveholder is number one like in most countries^^



Impressive, though to be fair, Bill Gates could have reached $100b easily, he has given alot of his money to charity over the years. 



He was in my restaurant the other night.