Amazon's Jeff Bezos Surpasses $100 Billion Net Worth (bloomberg.com)

Amid optimism for Amazon's Black Friday sales, Jeff Bezos' net worth jumped above $100 billion on Friday. The Amazon CEO's fortune reportedly surged $2.4 billion to $100.3 billion, after the retailer's shares grew more than 2 percent on Black Friday. Bloomberg reports: Online purchases for the day are up 18.4 percent over last 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. The $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft co-founder Bill Gates hit the mark. Bezos's fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index, a daily ranking of the world's 500 richest people. Amazon have climbed 5 percent this week alone.

Comments

Re:Charity

[JaredOfEuropa]

The problem I have with that idea is that it never ever stops there. Why cap wealth at $10B, or even 100 million? Surely 50 million is enough? Or 10? The vast majority of people in this world have a net worth of $1M so let's make that the cap. And then you end up with what we have here, with every "fortune" of over €25.000 slapped with a "wealth" tax.

Bottom line is: you don't get rich taxing rich people, as individuals they own a lot but there aren't enough of them. Take Bezos' fortune from him and the next guy will do a better job of hiding it in a tax haven. No, in the end it is the middle class they will come after. Always. Because that's where the money is.