On November 7, 2024, Jeff Bezos reached a new milestone as his net worth soared to an all-time high of $228 billion, according to Bloomberg's Billionaires Index. This increase of $7 billion from his previous high was fueled by Amazon's stock, which closed at a record price of $207.09.
The surge in Amazon's stock, up over 40% year-to-date, contributed to a significant rise in the net worth of the world's wealthiest individuals, with Bezos being the second-richest person globally, only behind Elon Musk.
Bezos congratulated Donald Trump on his election victory, recognizing the political implications for the business landscape. Both Bezos and Musk have interests in government contracts through their respective space companies, Blue Origin and SpaceX.