The world’s richest man reached a record $211 billion net worth Tuesday after Amazon.com shares rose 4.7% after the Pentagon announced it was canceling a cloud-computing contract with rival Microsoft. The rally raised Bezos’s fortune by $8.4 billion, according to the Bloomberg Billionaires Index.
The last time anyone in the Bloomberg ranking neared this amount was in January, when Tesla’s Elon Musk briefly hit $210 billion. The two men spent the first part of the year trading the top spot as the world’s richest person, but Bezos has cemented his hold on No. 1 since mid-March as Amazon shares climbed almost 20% during that time.