This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/528546-bezos-wealth-record-pentagon-contract/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Jeff Bezos’ wealth soars above $211 BILLION after Pentagon calls off Microsoft contract | Jeff Bezos’ wealth soars above $211 BILLION after Pentagon calls off Microsoft contract |
| (about 2 months later) | |
| Jeff Bezos has become the richest man in modern history after Amazon shares skyrocketed on news that the Pentagon is canceling a controversial cloud-computing contract with rival Microsoft. | Jeff Bezos has become the richest man in modern history after Amazon shares skyrocketed on news that the Pentagon is canceling a controversial cloud-computing contract with rival Microsoft. |
| Amazon shares jumped 4.7% on the announcement, prompting Bezos’ net worth to soar $8.4 billion on Tuesday alone. Bezos, who officially stepped down as Amazon’s CEO earlier this week but kept his 10.3% stake in the company, is now worth $211 billion – a record high since the Bloomberg index began tracking billionaire net worth back in 2012. | Amazon shares jumped 4.7% on the announcement, prompting Bezos’ net worth to soar $8.4 billion on Tuesday alone. Bezos, who officially stepped down as Amazon’s CEO earlier this week but kept his 10.3% stake in the company, is now worth $211 billion – a record high since the Bloomberg index began tracking billionaire net worth back in 2012. |
| The previous record of $210 billion was held briefly by Tesla CEO Elon Musk in January, but Musk’s fortune has since declined to a mere $181 billion. This makes him the world’s second-richest person, ahead of French luxury goods mogul Bernard Arnault, whose net worth is $168.5 billion. | The previous record of $210 billion was held briefly by Tesla CEO Elon Musk in January, but Musk’s fortune has since declined to a mere $181 billion. This makes him the world’s second-richest person, ahead of French luxury goods mogul Bernard Arnault, whose net worth is $168.5 billion. |
| The Pentagon announced on Tuesday that it was calling off a $10 billion cloud-computing contract it signed with Microsoft back in 2019, known as the Joint Enterprise Defense Infrastructure, or JEDI contract. | The Pentagon announced on Tuesday that it was calling off a $10 billion cloud-computing contract it signed with Microsoft back in 2019, known as the Joint Enterprise Defense Infrastructure, or JEDI contract. |
| “With the shifting technology environment, it has become clear that the Jedi Cloud contract, which has long been delayed, no longer meets the requirements to fill the DoD’s capability gaps,” the US Department of Defense (DoD) said in an official statement. | “With the shifting technology environment, it has become clear that the Jedi Cloud contract, which has long been delayed, no longer meets the requirements to fill the DoD’s capability gaps,” the US Department of Defense (DoD) said in an official statement. |
| The news may mean the DoD is set to divide the work on its cloud-computing technologies between Microsoft and Amazon, as well as other cyber-tech firms. Amazon repeatedly complained that the choice of Microsoft for the job made by the then-president Donald Trump and his administration was politically motivated. | The news may mean the DoD is set to divide the work on its cloud-computing technologies between Microsoft and Amazon, as well as other cyber-tech firms. Amazon repeatedly complained that the choice of Microsoft for the job made by the then-president Donald Trump and his administration was politically motivated. |
| The contract has been put on hold after Amazon filed a lawsuit challenging Trump’s choice, claiming he pressured military officials to choose Microsoft over Amazon for the contract due to Trump's animosity toward Bezos, who owns the Washington Post. | The contract has been put on hold after Amazon filed a lawsuit challenging Trump’s choice, claiming he pressured military officials to choose Microsoft over Amazon for the contract due to Trump's animosity toward Bezos, who owns the Washington Post. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |