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

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Amazon founder Jeff Bezos was a US$100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend's cyber shopping spree.

[SAN FRANCISCO] Amazon founder Jeff Bezos was a US$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 Mr Bezos on top, with a personal net worth of US$100.3 billion.

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

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

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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 US$1,200.

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

AFP

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