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Jeff Bezos’ fortune reached $211 billion thanks to the Pentagon’s decision

Rudyard Kipling by Rudyard Kipling
July 7, 2021
Jeff Bezos’ fortune reached 1 billion thanks to the Pentagon’s decision
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July 7, 2021, 04:00 GMT

The CEO’s ex-wife also benefited and increased his fortune by $2.9 billion.

Former Amazon CEO Jeff Bezos’ net worth reached a record $211 billion on Tuesday, when his company’s shares rose 4.7% as a result. resolution The Pentagon cancels a millionaire’s contract with rival Microsoft, reach Bloomberg.

With stock prices soaring, Bezos’ fortune has grown by $8.4 billion.

The Ministry of Defense announced Tuesday IT contract cancellation For $10 billion awarded to Microsoft in 2019. That agreement was the subject of a legal battle between Amazon, the US government, and Microsoft. The e-commerce giant went to court, arguing that the tender was flawed and unfair from the Pentagon. Now, the Department of Defense can split the new contract between these two companies.

The rich get rich

Bezos leads the “ranking” of the richest people in the world, followed by the CEO of Tesla and SpaceX, Elon Musk, the French luxury goods magnate, Bernard Arn, with 180,000 and 168,500 million dollars, respectively.

Thanks to the increase in the value of Amazon shares, the fortune of Bezos’ ex-wife, Mackenzie ScottAt number 15 on the list of the richest people in the world, he also increased: an additional $2.9 billion, for a total of $64.9 billion.

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See also  Elon Musk sells his last mansion and is left without a home of his own
Rudyard Kipling

Rudyard Kipling

Rudyard Kipling writes for The Cleveland American, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, important developments, and stories that matter.

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