Amazon’s CEO Jeff Bezos is now worth $100 billion, due to the sales the company made during the black Friday sales.
The Amazon founder reached the 12-digit milestone for the first time, according to Bloomberg. He surpassed Bill Gates on the Bloomberg Billionaires Index, advancing almost $11 billion past the Microsoft co-founder. Bezos is the first person to reach a net worth of over $100 billion since Gates in 1999.
The 53-year-old businessman was able to make the climb after Amazon shares jumped more than 2 percent on Friday and online holiday sales (Thanksgiving and Black Friday) increased by more than 18 percent compared with last year. Bezos made almost $2.4 billion on Friday alone.
Gates was the world’s richest person prior to Bezos’ climb and is now worth almost $90 billion.