Economy Events Country 2025-11-04T10:10:45+00:00

Amazon Stock Surge Boosts Jeff Bezos's Wealth by $10 Billion

Amazon shares rose significantly after securing a major AI contract, leading to a substantial increase in founder Jeff Bezos's wealth.


Amazon Stock Surge Boosts Jeff Bezos's Wealth by $10 Billion

Amazon shares rose more than 4% on Monday after news that Amazon Web Services (AWS) had secured a seven-year contract with OpenAI to provide the computing power needed for its artificial intelligence technologies. Bezos owns 8% of Amazon, and his net worth has increased by $9.8 billion, or over 3.8%, as of last Monday. His wealth jumped by $19.4 billion on Friday due to the rise in Amazon's stock. The surge in Amazon's shares on Monday led to an increase in the net worth of the company's founder, Jeff Bezos, by about $10 billion in a single day, in addition to the billions he gained following a strong earnings report last week.