Bezos a $100-billion man as Amazon rises on cyber shopping

(FILES) This file photo taken on July 12, 2017 shows Jeff Bezos, chief executive officer of Amazon, arriving for the third day of the annual Allen & Company Sun Valley Conference in Sun Valley, Idaho./ AFP /

SAN FRANCISCO, United States (AFP) o– Amazon founder Jeff Bezos was a $100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend’s cyber shopping spree.

Forbes magazine’s real-time ranking of the richest people had Bezos on top, with a personal net worth of $100.3 billion.

Microsoft co-founder Bill Gates saw his net worth climb to a dizzying $89.4 billion but was relegated to being the second most affluent person on the planet.

Bezos owns almost 17 percent of Amazon, which he founded in a Seattle garage in 1994 after quitting a hedge fund job to sell books online.

Amazon shares finished the official trading day up just shy of a percent, and inched up a bit more in after-market trades to top $1,200.

Based on the share price, Seattle-based Amazon had a market value of some $576.3 billion.

Market tracker Adobe Digital Insights data showed that online shopping was at a record-setting pace from Black Friday into Cyber Monday.

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