Amazon founder Jeff Bezos might be leaving the rest of the world behind when it comes to the space tourism race but his net worth isn’t that far behind either.

Amazon.com Inc. shares jumped 4.7% Tuesday after the Pentagon announced it was terminating a cloud-computing deal with competitor Microsoft Corp., bringing the world’s richest man’s net worth to a new high of $211 billion. According to the Bloomberg Billionaires Index, the surge increased Bezos’ worth by $8.4 billion.

The last time anyone else in the Bloomberg ranking came close to this amount was in January when Elon Musk of Tesla Inc. temporarily surpassed $210 billion. The two men traded the top rank as the world’s richest person for the first half of the year, but Bezos has maintained his position as the world’s richest person since mid-March when Amazon shares rose over 20%.

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Share prices have risen dramatically in recent months, boosting the wealth of a handful of tech giants, including Musk. Even though Tesla shares plummeted no Tuesday, he remains in second place behind Bezos with a net worth of $180.8 billion. Bernard Arnault, the French luxury goods mogul, is in third place with a net worth of $168.5 billion.

Bezos’ fortune is much more than it was during an Amazon stock boom in 2020 when his net worth soared to $206.9 billion as the pandemic boosted the company’s value. After a 27-year tenure as Amazon’s CEO, Bezos, 57, announced his resignation this week. He is still the corporation’s executive chairman and owns roughly 11% of it.

After years of squabbling between the government and some of the top U.S. tech giants over the agreement, the Pentagon announced Tuesday that it was cancelling a $10 billion cloud-computing contract given to Microsoft Corp. in 2019. The decision suggests that the effort would be shared between Microsoft and Amazon.

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MacKenzie Scott, Bezos’ ex-wife and the world’s 15th wealthiest person, saw her fortune rise $2.9 billion on Tuesday, surpassing the $2.7 billion she’s given away this year. It’s merely a reminder that some billionaires can’t give away their wealth as quickly as they make it.