Jeff Bezos has cemented his standing as one of the wealthiest individuals in history—with a personal net worth hovering around $200 billion, and buoyed by Amazon's relentless valuation growth.On Aug. 2, Amazon shares ascended past the $3 trillion market cap milestone. The new record is the best day for Amazon since May 5, 2026, with shares up roughly 4%.This spike comes after the company recorded a surge in cloud growth during the second quarter, backed by surging artificial intelligence demand. The report saw adjusted earnings per share of $1.97 versus estimates of $1.82. Revenue came in at $200.61 billion, much higher than the $196.47 billion analysts estimated.Amazon also hiked its capital expenditures estimate during the second quarter, linking memory prices to the AI buildout, CEO Andy Jassy told CNBC. Capex for the year is way up from the February projection, rising from $200 billion to $220 billion.“But even at that amount, we will still not have enough capacity to meet all the demand we have in 2026, and I believe this dynamic will also be true in 2027 too,” Jassy said. “In fact, the demand we already have for 2028 is striking.”As Amazon soars, nowhere is Bezos' astronomica...
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