The richest man on the planet, Jeff Bezos, now has a fortune of $ 211 billion as Amazon shares surged 4.7% after the Pentagon introduced the cancellation of its cloud computing contract with Microsoft.

That is an absolute report within the rating of billionaires, which is maintained by Bloomberg. Previous to that, Tesla and SpaceX founder Elon Musk briefly had a fortune of $ 210 billion. Now he has a complete of $ 181 billion in his accounts, and he occupies the second line. The third place bemongs to the French tycoon and head of the Louis Vuitton Moet Hennessy group of firms, Bernard Arnault, whose fortune is at $ 169 billion.

Bezos has consolidated his #1 place since mid-March, as Amazon shares soared almost 20% throughout that point. Because the starting of the 12 months, Bezos has grown by $ 20 billion.

Bezos’ ex-wife, Mackenzie Scott, is 15th on the listing of the richest folks on the planet. As a result of rise in Amazon inventory, her fortune rose by $ 2.9 billion on Tuesday, whereas she has already donated $ 2.7 billion to charity this 12 months.

Bezos, 57, formally stepped down earlier this week as Amazon CEO, which he held for 27 years. On the identical time, he owns 11% of the corporate’s shares and is its govt chairman.

Jeff Bezos steps down as head of Amazon

Earlier this month, the American entrepreneur Jeff Bezos has stepped down as Amazon CEO, which he has held for 27 years for the reason that firm was based. Bezos introduced his departure again in February this 12 months. The corporate, which is presently valued at $ 1.eight trillion, might be led by Andy Jassy, ​​who has been the top of Amazon Internet Companies (AWS).

In 27 years, Bezos has remodeled a small on-line book-selling enterprise into one of many largest e-commerce and public cloud firms on the planet. In 2018, Amazon grew to become the third-largest firm on the planet by market capitalization, overtaking Microsoft.

Bezos will retain the title of the richest man on Earth. Bezos was typically a topic of tax evasion. Final month, journalist group ProPublica stated Bezos was evading taxes in 2007 and 2011.

After stepping down as CEO, Jeff Bezos will take over as govt chairman of Amazon’s board of administrators; however his involvement with the corporate will diminish. Bezos determined to commit extra time to charity, in addition to his private mission – the house firm Blue Origin. On July 20, Bezos is about to embark on a suborbital flight aboard the Blue Origin-designed New Shepard spacecraft. His youthful brother Mark will fly with him.