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Jeff Bezos Hits Wealth Record of $211 Billion on Pentagon Move

  • Amazon shares climb 4.7% on news of cloud-computing contract
  • Tuesday’s rally added $8.4 billion to Bezos’s fortune
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Pentagon to Split JEDI Contract Between Microsoft and Amazon

Jeff Bezos is leaving the rest of the world behind when it comes to wealth accumulation.

The world’s richest man reached a record $211 billion net worth Tuesday after Amazon.com Inc. shares rose 4.7% after the Pentagon announced it was canceling a cloud-computing contract with rival Microsoft Corp. The rally raised Bezos’s fortune by $8.4 billion, according to the Bloomberg Billionaires Index.