Leigh Vogel/Getty.Photo: Leigh Vogel/GettyWhile he may no longer be Amazon’s CEO,Jeff Bezoscontinues to become wealthier.The 57-year-old mogul, who founded the online retailer out of his garage 27 years ago this month, became the richest man in history when his net worth rose $8.4 billion to reach a record-breaking $211 billion on Tuesday, according to theBloomberg Billionaire’s Index.That places Bezos ahead of Tesla CEOElon Musk, whose net worth is$181 billionas of Wednesday morning. Bernard Arnault, the chairman and chief executive of luxury goods company LVMH Moët Hennessy Louis Vuitton, is in third with a net worth of $169 billion.Bezos' milestone comesthe same weekhe stepped down as Amazon’s CEO, fulfilling hisFebruary 2021 promiseto hand over the position to Andy Jassy, the now-former CEO of Amazon Web Services.In apress releaseat the time, Amazon confirmed 2020 had been a wildly successful year for the company, having grown from a net income of $11.6 billion in 2019 to $21.3 billion during the COVID-19 pandemic.On Tuesday, Amazon’s shares jumped 4.7 percent to $3,675.74 after the U.S. government announced it had canceled a 10-year cloud computing contract given to competitor Microsoft in 2019, according toBarrons.Jeff Bezos.Michael Kovac/Getty Images for Vanity FairThe government instead said it would welcome bids from Microsoft and Amazon in future contracts for its cloud-computing needs, theNew York Timesreported.By Wednesday morning, Amazon’s shares weretrading above $3,700, an all-time high.Now that he is no longer running day-to-day operations at Amazon, Bezos — who is still executive chair at the company — is expected to shift his focus to theBezos Earth Fund, his initiative to support scientists and NGOs helping to fight climate change, and Blue Origin, his aerospace company.“I’ve never had more energy, and this isn’t about retiring,” he said in aletterto employees earlier this year. “I’m super passionate about the impact I think these organizations can have.“RELATED VIDEO: MacKenzie Bezos Is 3rd Richest Woman with $36 Billion After Divorce — Who Are the Top 2?On July 20, Bezos and his brother, Mark, will beflying to spaceaboard the Blue Origin spacecraft, New Shepard.“Ever since I was five years old, I’ve dreamed of traveling to space,” Bezos wrote in an Instagram post announcing the trip. “On July 20th, I will take that journey with my brother. The greatest adventure, with my best friend. #GradatimFerociter.”
Leigh Vogel/Getty.Photo: Leigh Vogel/Getty
While he may no longer be Amazon’s CEO,Jeff Bezoscontinues to become wealthier.The 57-year-old mogul, who founded the online retailer out of his garage 27 years ago this month, became the richest man in history when his net worth rose $8.4 billion to reach a record-breaking $211 billion on Tuesday, according to theBloomberg Billionaire’s Index.That places Bezos ahead of Tesla CEOElon Musk, whose net worth is$181 billionas of Wednesday morning. Bernard Arnault, the chairman and chief executive of luxury goods company LVMH Moët Hennessy Louis Vuitton, is in third with a net worth of $169 billion.Bezos' milestone comesthe same weekhe stepped down as Amazon’s CEO, fulfilling hisFebruary 2021 promiseto hand over the position to Andy Jassy, the now-former CEO of Amazon Web Services.In apress releaseat the time, Amazon confirmed 2020 had been a wildly successful year for the company, having grown from a net income of $11.6 billion in 2019 to $21.3 billion during the COVID-19 pandemic.On Tuesday, Amazon’s shares jumped 4.7 percent to $3,675.74 after the U.S. government announced it had canceled a 10-year cloud computing contract given to competitor Microsoft in 2019, according toBarrons.Jeff Bezos.Michael Kovac/Getty Images for Vanity FairThe government instead said it would welcome bids from Microsoft and Amazon in future contracts for its cloud-computing needs, theNew York Timesreported.By Wednesday morning, Amazon’s shares weretrading above $3,700, an all-time high.Now that he is no longer running day-to-day operations at Amazon, Bezos — who is still executive chair at the company — is expected to shift his focus to theBezos Earth Fund, his initiative to support scientists and NGOs helping to fight climate change, and Blue Origin, his aerospace company.“I’ve never had more energy, and this isn’t about retiring,” he said in aletterto employees earlier this year. “I’m super passionate about the impact I think these organizations can have.“RELATED VIDEO: MacKenzie Bezos Is 3rd Richest Woman with $36 Billion After Divorce — Who Are the Top 2?On July 20, Bezos and his brother, Mark, will beflying to spaceaboard the Blue Origin spacecraft, New Shepard.“Ever since I was five years old, I’ve dreamed of traveling to space,” Bezos wrote in an Instagram post announcing the trip. “On July 20th, I will take that journey with my brother. The greatest adventure, with my best friend. #GradatimFerociter.”
While he may no longer be Amazon’s CEO,Jeff Bezoscontinues to become wealthier.
The 57-year-old mogul, who founded the online retailer out of his garage 27 years ago this month, became the richest man in history when his net worth rose $8.4 billion to reach a record-breaking $211 billion on Tuesday, according to theBloomberg Billionaire’s Index.
That places Bezos ahead of Tesla CEOElon Musk, whose net worth is$181 billionas of Wednesday morning. Bernard Arnault, the chairman and chief executive of luxury goods company LVMH Moët Hennessy Louis Vuitton, is in third with a net worth of $169 billion.
Bezos' milestone comesthe same weekhe stepped down as Amazon’s CEO, fulfilling hisFebruary 2021 promiseto hand over the position to Andy Jassy, the now-former CEO of Amazon Web Services.
In apress releaseat the time, Amazon confirmed 2020 had been a wildly successful year for the company, having grown from a net income of $11.6 billion in 2019 to $21.3 billion during the COVID-19 pandemic.
On Tuesday, Amazon’s shares jumped 4.7 percent to $3,675.74 after the U.S. government announced it had canceled a 10-year cloud computing contract given to competitor Microsoft in 2019, according toBarrons.
Jeff Bezos.Michael Kovac/Getty Images for Vanity Fair
The government instead said it would welcome bids from Microsoft and Amazon in future contracts for its cloud-computing needs, theNew York Timesreported.
By Wednesday morning, Amazon’s shares weretrading above $3,700, an all-time high.
Now that he is no longer running day-to-day operations at Amazon, Bezos — who is still executive chair at the company — is expected to shift his focus to theBezos Earth Fund, his initiative to support scientists and NGOs helping to fight climate change, and Blue Origin, his aerospace company.
“I’ve never had more energy, and this isn’t about retiring,” he said in aletterto employees earlier this year. “I’m super passionate about the impact I think these organizations can have.”
RELATED VIDEO: MacKenzie Bezos Is 3rd Richest Woman with $36 Billion After Divorce — Who Are the Top 2?
On July 20, Bezos and his brother, Mark, will beflying to spaceaboard the Blue Origin spacecraft, New Shepard.
“Ever since I was five years old, I’ve dreamed of traveling to space,” Bezos wrote in an Instagram post announcing the trip. “On July 20th, I will take that journey with my brother. The greatest adventure, with my best friend. #GradatimFerociter.”
source: people.com
