Connect with us


World’s Richest Man Jeff Bezos Is Now Worth $211 Billion



Official twitter account Jeff Bezos is an American technology and retail entrepreneur, investor, computer scientist, and philanthropist | World’s Richest Man Jeff Bezos Is Now Worth $211 Billion | featured

It doesn’t matter that Jeff Bezos stepped down from Amazon earlier this week. When his company’s stock rose 4.7%, the world’s richest man became a bit richer. From $200 billion ten months ago, Jeff Bezos’ fortune is now worth $211 billion.  

RELATED: Jeff Bezos Is Now Worth $200 Billion

Amazon Stocks Rise

$211 billion is now the new record for a single person’s net worth. Bezos managed to capture the distinction when Amazon stock rose 4.7% during yesterday’s trading.

During the same day, the Pentagon announced that they are canceling a $10 billion cloud computing contract with Amazon’s rival Microsoft. This means that Amazon is now back in the running for the lucrative military contract. As it turns out, the Defense Department indicated that they will split the work between Microsoft and Amazon.

The Pentagon previously awarded the Joint Enterprise Defense Infrastructure Cloud (JEDI) project in late 2019 to Microsoft under then-president Donald Trump.

However, Amazon, a rival bidder, filed a lawsuit challenging the bidding results. Back then, the company insisted that the decision to award the bid to Microsoft was full of errors and that the Pentagon might have received “improper pressure” from President Trump.

Amazon pointed to a 2019 book that told an account of Trump directing the military to “screw Amazon” out of the cloud computing contract.  At the time, Trump was a fierce critic of Bezos and Amazon and often called them out on social media. 

Jeff Bezos And Elon Musk

Prior to Bezos’ record of $211 billion, Tesla CEO Elon Musk briefly recorded a net worth of $210 billion while Tesla stock posted all-time highs. Since then, the two kept trading spots depending on which stock sold higher.

By March, Bezos began pulling away as Amazon stock rose 20% while Tesla faded a bit. The latest Amazon stock increase added $8.4 billion to Bezos’ net worth, pushing him to become the world’s first $211 billion men.

Musk is comfortably in second place with a $180 billion net worth, while Louis Vuitton and Hennesy boss Bernard Arnault are third at $168.5 billion. 

Ironically, Bezos became much wealthier at the time he stepped down as CEO of Amazon, the online bookstore he started in a garage 27 years ago. He still owns around 11% of the company’s stock, which is now worth $3,696.58 per share.

Prior to giving up his day-to-day duties, Bezos transformed his online bookshop into the world’s biggest online retailer. In addition, he added cloud computing services and health care. Now, Amazon is also looking into media and entertainment with their acquisition of MGM studios.  

Meanwhile, Bezos’ ex-wife MacKenzie Scott also received a windfall. The 15th-richest person in the world saw her wealth increase by $2.9 billion due to the Amazon stock climb. This means that she managed to get the $2.7 billion she gave away to charities and got some pocket change as well.

Watch the July 8 episode of Computer America reporting that billionaire Jeff Bezos’ net worth is now $211 billion:

What do you think about Jeff Bezos and his net worth of $211 billion?

Please Select One:

View Results

Loading ... Loading ...

What do you think about Jeff Bezos having a net worth of $211 billion? Is this too much for one person or just a representation of his hard work?

Tell us what you think about billionaires and their mega loads of money. Share your comments below.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.


Is THE newsletter for…


Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!