Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Jeff Bezos' Overall Wealth Hits New Record at $211 Billion, Bloomberg Index Shows

Jeff Bezos' Overall Wealth Hits New Record at $211 Billion, Bloomberg Index Shows

The growth in the total value of the now-former head of Amazon's assets was due to an increase in the corporation's stocks by almost 20% since mid-March.

Amazon founder and simply the wealthiest man on Earth, Jeff Bezos' fortune jumped to a record high of $211 billion on Tuesday, fresh Bloomberg estimates revealed.

According to the figures, the total value of Bezos' assets on the basis of stock trading increased by $8.44 billion to $211 billion. As the news agency emphasised, this amount is a record for any of the individuals included in this rating.

Bezos is currently first on Bloomberg's list of the richest people in the world. The founder and head of Tesla and SpaceX, Elon Musk, is in second place. Third place is occupied by Bernard Arnault, president of the LVMH group of companies specialising in luxury products, with his $169 billion.

The previous record was set in January of this year, when Musk's fortune jumped to $210 billion. In recent months, it has dropped to about $181 billion. The two billionaires spent the first part of the year exchanging the title of the richest man on the planet.

In late May, Bezos was briefly bypassed by Arnault, occupying the top spot in the ranking of the richest people on the planet, but the French tycoon did not manage to stay there long.

On Monday, Bezos stepped down as CEO of the Amazon Corporation after 27 years. He was replaced by Andy Jassy, who previously headed the cloud service Amazon Web Services, one of the most rapidly growing departments within the tech giant. Bezos is still the company's executive chairman and owns around 11% of the corporation.

On Tuesday, the Pentagon decided to cancel a $10 billion cloud-computing contract awarded to Microsoft in 2019, following years of squabbling between the government and some top tech giants over the contract. The decision may indicate that the work will be split between Microsoft and Amazon, Bloomberg reports.

The Pentagon later explained that they intend to conclude a new contract for the provision of cloud-computing services.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×