{"id":20310,"date":"2017-11-27T14:13:05","date_gmt":"2017-11-27T14:13:05","guid":{"rendered":"http:\/\/www.bnreport.com\/how-much-richest-mans-big-black-friday-boost\/"},"modified":"2017-11-27T14:13:05","modified_gmt":"2017-11-27T14:13:05","slug":"how-much-richest-mans-big-black-friday-boost","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/how-much-richest-mans-big-black-friday-boost\/","title":{"rendered":"How much? Richest man’s big Black Friday boost"},"content":{"rendered":"

For most shoppers, Black Friday is a chance to save some pennies by landing a bargain.<\/p>\n

But as most of us rummage for deals, one man has come out on top \u2013 by several billion dollars.<\/p>\n

On Friday, Amazon founder Jeff Bezos became the only person with a $100bn (\u00a375bn) fortune, seeing his wealth creep up by $2.4bn thanks to a 2% jump in Amazon's shares.<\/p>\n

Mr Bezos is the first person to hit that level since Microsoft co-founder Bill Gates in 1999.<\/p>\n

Image:Bill Gates was the last person to get to $100bn in 1999<\/figcaption><\/figure>\n

The increase, to $100.3bn, is thanks in part to the clamour for Black Friday deals<\/a><\/strong> \u2013 Amazon shares have gone up 5% this week alone.<\/p>\n

Online sales for Black Friday are up 18.4% from last year, while the projected final spend is $5bn, according to Adobe Analytics.<\/p>\n

:: How to avoid getting ripped off on Black Friday<\/a><\/strong><\/p>\n

Ten percent of US retail sales are online, and Amazon had a 43% share of that last year.<\/p>\n

The firm continues to extend its reach, this year moving into the grocery shopping sector with the purchase of Wholefoods.<\/p>\n

\"Shoppers
Image:Black Friday is a major promotion for Amazon and also high street retailers<\/figcaption><\/figure>\n

Despite being a hit with many, fears persist about Amazon's effect on independent traders and smaller businesses.<\/p>\n

The firm has also been criticised over its tax arrangements.<\/p>\n

In October, the European Commission ordered it to pay around \u20ac250m (\u00a3220m) in back taxes<\/strong><\/a> after finding it had benefited from an illegal sweetheart deal with Luxembourg.<\/p>\n

But as the company continues to grow, Mr Bezos has seen his wealth increase by $32.6bn in the last year alone.<\/p>\n

The rise outstripped anyone else on Bloomberg's Billionaire's Index, and edged Bezos ahead of Bill Gates<\/strong><\/a> as the world's richest person in July.<\/p>\n

Mr Gates is currently second in the Index with $89,1bn, followed by Warren Buffet ($78.7bn) and Spain's Armancio Ortega ($75.9bn).<\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf] [contfnew] <\/p>\n

Sky News<\/a><\/h5>\n

[contfnewc] [contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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