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Bezos a US$100bil man as Amazon rises on cyber shopping

Amazon founder Jeff Bezos was a US$100bil (RM412bil) 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 US$100.3bil (RM412.4bil).

Microsoft co-founder Bill Gates saw his net worth climb to a dizzying US$89.4bil (RM367.6bil)  but was relegated to being the second most affluent person on the planet.

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

Based on the share price, Seattle-based Amazon had a market value of some US$576.3bil (RM2.3tril).

Market tracker Adobe Digital Insights data showed that online shopping was at a record-setting pace from Black Friday into Cyber Monday. — AFP Relaxnews/thestar.com.my

 

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