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How Jeff Bezos Became The Most Richest Man in History

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Amazon Founder, Jeff Bezos, has been confirmed as the richest man in history. The American worth a staggering $211billion after the e-commerce company’s share price rocketed by four percent.

The businessman’s net worth soared by more than $8.4billion on Tuesday, according to Bloomberg’s Billionaires Index. Amazon stocks soared by 4.7 percent on Tuesday, according to reports.

Bezos’ success comes as the Pentagon canceled a disputing cloud-computing contract with Microsoft that could have been worth $10billion.

Jeff Bezos Richest man in History

Jeff Bezos Richest man in History

Microsoft won the contract under former president Donald Trump but Amazon went to court alleging that the process was flawed and “improperly influenced by politics”, the AP reports.

The JEDI project was designed to store vast amounts of classified data – allowing US military officials to improve communications with soldiers on the battlefield, as well as using artificial intelligence to speed up its war planning.

Jeff Bezos received a salary of $81,840 and $1.6million in other compensation from his company last year before handing over to Andy Jassy.

Despite the economic crash brought on by the coronavirus pandemic, Bezos’ wealth ballooned over the last 12 months with shuttered shops driving Amazon sales skyward.

Bezos said in early 2021 that he’ll be focus and have more time for side projects, including his space exploration company Blue Origin, his philanthropic initiatives, and overseeing The Washington Post, which he bought.

He is now the richest man in history and he’s said to be more than twice as wealthy as the entire British monarchy – which was estimated to be worth $88billion in 2017 – and his fortune exceeds some nation’s gross domestic product.

Second to Bezos on the money league is Tesla founder, Elon Musk ($181bn), while French billionaire, Bernard Arnault sits on the third position. Microsoft founder, Bill Gates is fourth while Facebook’s Mark Zuckerberg claimed the fifth spot.

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