Jeff Bezos has returned to third on the global wealth rankings after a roughly 14 percent rise in Amazon shares added close to $29 billion to his fortune. The advance edged him back ahead of Oracle co-founder Larry Ellison, who slipped to eighth.
Amazon’s gains were driven by stronger-than-expected results from its cloud division and its higher-margin advertising business. Bezos retains a substantial stake despite years of steady share sales.
The reshuffle shows how sensitive the top of the wealth list has become to short bursts of market movement, with a single quarter of cloud outperformance enough to lift Bezos past rivals.
Beyond Amazon, Bezos continues to invest in his space company and holds prominent media interests, giving his wealth a broader foundation than share prices alone convey.
The movement reflects the wider dominance of technology fortunes at the summit of global wealth, which rise and fall with investor appetite for cloud computing and AI.
