Topline<\/p>\n
A bump in Amazon’s stock price Monday fueled by the news OpenAI had signed a $38 billion cloud computing deal with the retail giant bumped company founder Jeff Bezos\u2019 estimated net worth roughly $10 billion in a single day, adding to the billions<\/a> he gained following a strong earnings report from Amazon last week. <\/p>\n Jeff Bezos on Oct. 4, 2025 in Paris, France.<\/p>\n Getty ImagesKey Facts<\/p>\n Shares of Amazon were up more than 4% on Monday afternoon following news earlier in the day that Amazon Web Services had secured a seven-year OpenAI contract to provide the computing power needed for its artificial intelligence technologies. <\/p>\n Bezos, who founded Amazon out of his Seattle garage in 1994, holds 8% equity in Amazon and saw his net worth rise $9.8 billion, more than 3.8%, as of Monday afternoon.<\/p>\n Bezos\u2019 wealth jumped $19.4 billion on Friday thanks to a surge that took Amazon shares to a record high after the company reported $180.2 billion in revenues and earnings per share of $1.95, growth that beat Wall Street\u2019s expectations and CEO Andy Jassy attributed largely to Amazon Web Services.<\/p>\n Get Forbes Breaking News Text Alerts: We\u2019re launching text message alerts so you’ll always know the biggest stories shaping the day\u2019s headlines. Text \u201cAlerts\u201d to (201) 335-0739<\/a> or sign up here<\/a>: joinsubtext.com\/forbes.<\/a><\/p>\n Forbes Valuation<\/p>\n Bezos is worth an estimated $264.1 billion as of around 3:20 p.m. EST on Monday. In addition to his 8% stake in Amazon, he owns the Washington Post and Blue Origin, an aerospace company. <\/p>\n Key Background<\/p>\n OpenAI was locked into<\/a> a contract with Microsoft, its primary investor, that required it to get all of its computing power from the company from 2019 to 2023. When OpenAI outgrew what Microsoft could provide, it was allowed to sign deals with two other cloud companies. That changed last week, when Microsoft and OpenAI renegotiated their contract to allow the AI company to purchase cloud services on the open market. That same restructuring change allowed OpenAI to establish a for-profit<\/a> arm valued at $500 billion. The deal with Amazon comes on the heels of others with Nvidia<\/a>, Broadcom<\/a>, Oracle<\/a> and Google<\/a>. <\/p>\n Further ReadingForbes2025\u2019s AI Spending Frenzy Continues: OpenAI Signs $38 Billion Cloud Deal With Amazon (List)By Ty Roush<\/a>ForbesJeff Bezos Is $24 Billion Richer As Amazon Shares Hit RecordBy Ty Roush<\/a>ForbesAmazon And Target Job Cuts Reveal How AI Is Reshaping The Retail WorkforceBy Pamela N. Danziger<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline A bump in Amazon’s stock price Monday fueled by the news OpenAI had signed a $38 billion…\n","protected":false},"author":2,"featured_media":270051,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[960,144627,144628,6061,15885,28,144629,1168,144630,13445,1283],"class_list":{"0":"post-270050","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-amazon","9":"tag-amazon-shares","10":"tag-amazon-stock","11":"tag-amazon-web-services","12":"tag-billionaire","13":"tag-business","14":"tag-forbes-billionaire","15":"tag-jeff-bezos","16":"tag-jeff-bezos-net-worth","17":"tag-net-worth","18":"tag-openai"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/270050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=270050"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/270050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/270051"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=270050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=270050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=270050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}