Amazon founder Jeff Bezos has once again broken the world record for asset.
Amazon’s stock price soared as the Pentagon announced it was withdrawing its cloud business contract with Microsoft. The project is worth 10 billion won, and Amazon was originally the most likely candidate for the order, but Microsoft was finally selected and Amazon filed a lawsuit in the process, sparking controversy over the two companies.
This dispute seems to have had a positive impact on Amazon stock prices as it was resolved by the withdrawal of the contract between the government and Microsoft.
Tesla CEO Elon Musk has the highest net asset record so far in Bloomberg’s “Bloomberg Billionaire Index.” Musk’s $210 billion set up in January pushed Bezos down to second place, which had been at the top of Bloomberg’s Billionaire Index for three years.
But in March, Amazon’s share price rose by 20 percent, bringing Bezos back to No. 1.
Bloomberg added that Bezos’ 211 billion dollars worth of assets exceeded the record of 216.9 billion dollars in Bezos’ assets, helped by Amazon’s soaring stock prices last year due to the influence of Pandemic.
Elon Musk came in second with a net worth of $180.8 billion, followed by Bernard Arno Louis Vuitton Moehenesi with $168.5 billion.
Bezos officially stepped down as CEO of Amazon in February but is the largest shareholder with 11 percent of the company’s shares.