JEFF BEZOS’ NET WORTH TOUCHES A RECORD $211 BILLION

  • 07/07/2021

According to the Bloomberg Billionaires Index, Jeff Bezos’ net worth touched a new high of $211 billion, following an announcement from the US Defense Department.
The US Defense Department announced on July 6 that its $10 billion JEDI cloud-computing project with Microsoft had been terminated. Following the revelation, Amazon shares rose 4.7 per cent, boosting the world’s richest person’s worth by $8.4 billion.
Microsoft and Amazon.com, according to the Pentagon, are the only vendors ‘capable of meeting the department’s requirements.’ It said that it will establish a new multivendor cloud computing contract with Microsoft and Amazon as potential partners.
As per Bloomberg, the last time a billionaire’s wealth ranking neared this amount was in January when Tesla creator Elon Musk’s net worth reached $210 billion.
Bezos has formally resigned as CEO of Amazon, exactly 27 years after founding the e-commerce behemoth. On July 5, he turned over the reins to Andy Jassy. He still owns about 11% of the company and serves as the firm’s executive chairman.

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