Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 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
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×