Amazon founder Jeff Bezos becomes newest $100bn billionaire thanks to Black Friday

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This rise added to the pocket of Amazon's CEO Jeff Bezos, to $100 billion, which is the highest achievement.

It also makes him the most recent person to rack up a 12-figure fortune since Bill Gates managed the milestone nearly two decades ago, in 1999.

Due to an increase in Amazon's shares by 2.5 percent during Black Friday sales, the Amazon founder could reach a 12-digit figure, quotes The Indian Express.

While the top spot has seen a Gates vs Bezos contest, for some time, Gates' charity initiative in which he gave away 5 per cent of his net worth (roughly $4.6 billion) in August, made it easier for Bezos to surpass him.

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It came as sales over the internet overall shot up by almost a fifth (18.4%) on the day - as shoppers snapped up bargains - compared to the same 24-hour period past year, figures show. The Amazon founder is the newest member of the $100 billion club after increasing his fortune by $2.4 billion to $100.3 billion. I completes a remarkable climb up the rankings by Bezos who began this year as the world's fourth richest man - which is still nothing to be ashamed about - but overtook Bill Gates as the richest back in October. Same goes for Warren Buffet, the U.S. investor who is the third richest person with $78.9 billion.

Gates, who now has a net worth of $86.8 billion, is estimated to have had a net worth of $150 billion had he not given so much of his fortune to charity. Unlike Gates or Buffet, Bezos has neither pledged his wealth for charity nor has he done too much about it.

If you're one of the millions shopping on Amazon, Friday, congratulations, you helped make Jeff Bezos a $100 billion man. Over the summer, he tweeted a request for short-term philanthropic ideas aimed at helping people in the here and now.

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