Bezos's wealth increased as the Pentagon canceled the contract with Microsoft, created a record

There has been a sudden increase of 4.7% in the wealth of Jeff Bezos. This happened after the Pentagon canceled its contract with Microsoft

Bezos's wealth increased as the Pentagon canceled the contract with Microsoft, created a record

Amazon's shares have suddenly increased by 4.7%, after which Jeff Bezos, the world's richest man, has become the owner of wealth worth $ 211 billion, or more than 20 thousand crores rupees. After the Pentagon announced the cancellation of its cloud-computing contract with its rival Microsoft Corp, Bezos's wealth suddenly increased by 8.4 billion or 800 crores rupees. This has been confirmed by Bloomberg itself. According to the information, the last time Tesla Inc owner Elon Musk hit $ 210 billion in the Bloomberg rankings.

At the same time, rising stock prices in recent months have boosted the fortunes of many conglomerates, including Elon Musk. Despite the fall in Tesla shares on Tuesday, he remains second only to Bezos with a net worth of $ 180.8 billion. While France's luxury goods magnate Bernard Arnault is at number three with $168.5 billion. At the same time, 57-year-old Bezos has officially stepped down as the Chief Executive Officer of Amazon this week after a 27-year run. He still owns about 11% of the company and serves as the executive chairman of the firm.

Pentagon terminated the contract

The Pentagon said on Tuesday that the 1000 crore cloud-computing contract awarded to Microsoft Corp in 2019 has been terminated after several years of wrangling between the government and some of the biggest US tech companies over the deal.

McKenzie's wealth increased

Mackenzie Scott, the ex-wife of Jeff Bezos and the 15th richest person in the world, on Tuesday jumped 290 crores in his wealth, which is more than the 270 crores given so far this year.