Bezos Reclaims No. 3 Richest Spot as Amazon Jumps 14% on $206.6 Billion Revenue
Updated
Updated · Forbes · Jul 31
Bezos Reclaims No. 3 Richest Spot as Amazon Jumps 14% on $206.6 Billion Revenue
3 articles · Updated · Forbes · Jul 31
Summary
$25 billion added to Jeff Bezos’ fortune lifted his net worth to $271.5 billion on Friday, pushing him back above Sergey Brin as the world’s third-richest person.
Amazon shares surged about 14% after the company posted stronger-than-expected quarterly results, including $206.6 billion in revenue and a 37% jump in cloud sales to $42.2 billion.
Amazon also raised its 2026 spending forecast to $220 billion from $200 billion, with CEO Andy Jassy saying most capital expenditures will target AI demand.
The rally stood out as investors scrutinize Big Tech AI spending more closely; an analyst said Amazon’s cloud growth suggests its investment is matching market demand rather than overshooting it.
The ranking shift extends a recent back-and-forth between Bezos and Brin as earnings reports and AI strategy increasingly drive both tech valuations and billionaire wealth.