Amazon’s Founder, Jeff Bezos Becomes The Richest Man In The World!

Amazon’s founder and principal shareholder Jeff Bezos became the first person in the 21st century whose net worth touched the big, fat $ 100 billion mark! This week’s Black Friday Sale boosted Amazon stock, which then proceeded to hit the roof! According to Bloomberg, there was a $ 2.4 billion rise in Bezos’s net worth as a result of this boom, making Bezos the richest person in the world!

Bill Gates was the first person in the world to cross the $ 100 billion mark in 1999. For a brief moment this year, Bezos’s crossed Bill Gates, however, Gates quickly reestablished his position back up front. Amazon saw a steady and speedy growth since its inception and is now the fourth largest company in the United States.

On 6 November 2017, Bezos sold one million shares in Amazon at a record high, netting himself a cool $1.1 billion in cash. He maintains a 16.4% stake in the online shopping giant and this increases his personal capital.

Amazon started off as an online bookstore and has now turned into a place where you can buy literally anything you want. Online purchases for this year’s Black Friday sale went up by 18.4%  when compared to last year’s sale, which in turn resulted in a massive boost to Bezos’s personal wealth.

While Jeff Bezos might have struck gold with the Black Friday Sale, workers across Italy and Germany decided to protest in different Amazon warehouses. The workers have now dubbed the Black Friday Sale as Strike Friday. Amazon workers took this extreme step in an attempt to send a strong message to the employees.

“Amazon permanently endangers the health of its employees with its way of working. High pressure to create more and more in less time, permanent performance controls and monitoring, a poor leadership culture and inadequate recovery times are health hazards in the Amazon labor process,” Stefanie Nutzenberger Verdi, a board member, said.

So if you are one of the millions that shopped as a part of the Black Friday Sale, you have definitely personally contributed to Jeff Bezos’s wealth and have successfully helped in making him one of the three richest people in the United States!