The magic came from his 11 percent ownership of stockin his former company and a series of fortunate events. A reported large deal (roughly $10 billion USD) with the Pentagon involving cloud computing somehow fell through with Microsoft leaving the contract up for grabs. Well, with the open contract, many are expecting the job to go to another big tech giant, one that’s also a leading provider in cloud-computing services — Amazon.
This news sent Amazon’s stock price up nearly five percent which meant that with Bezos’s current number of shares, his wealth went up $8.5 billion USD in a single day. This new addition of wealth sees the ex-CEO of Amazon’s total net worth climb to $211 billion USD.
source: hypebeast.com by Ambrose Leung