Amazon founder Jeff Bezos is now the richest man in history, worth a staggering $211billion after the e-commerce company’s share price rocketed by four percent.
The businessman’s net worth soared by more than $8.4billion on Tuesday, according to Bloomberg’s Billionaires Index.
Amazon stocks soared by 4.7 percent on Tuesday, according to reports.
Bezos’ net worth now stands at $211billion and Amazon’s share price has increased by 15 percent since the start of the year.
The e-commerce pioneer, 57, has shattered records for wealth since the Index started ranking billionaires’ net worth in 2012.
Tesla founder Elon Musk is second on the list with a net worth of $181bn while tech mogul Bill Gates is currently ranked fourth.
Facebook’s Mark Zuckerberg has an estimated net worth of $131bn.
Bezos’ success comes as the Pentagon canceled a disputing cloud-computing contract with Microsoft that could have been worth $10billion.