Jeff Bezos added $102 billion to his fortune in 30 days via firm Musk praised

Jeff Bezos’ wealth jumped sharply as his space company, Blue Origin, attracted outside investors at a reported valuation of $130 billion. The surge has helped the Amazon founder add more than $100 billion to his fortune this year, bringing his net worth to $372 billion, according to the Bloomberg data. The development is notable because Elon Musk, whose wealth recently crossed the $1 trillion mark, publicly praised Bezos for his focus on space. Earlier this month, Elon Musk wrote on X (formerly Twitter), “Bravo! I’m glad @JeffBezos cares so much about space.” Musk was then responding to a post about Bezos investing billions of dollars of his own money in Blue Origin before the company raised funds from outside investors for the first time.

Jeff Bezos’ Blue Origin raises money at a $130 billion valuation

Blue Origin’s latest fundraising round is a major step for the company, which Jeff Bezos founded in 2000. It is the first time the space company has raised money from outside investors. Bezos reportedly put in $2 billion, while investment firm Coatue Management contributed about $4 billion. Other institutional investors are expected to provide the remaining funds. Bezos has invested heavily in Blue Origin over the years. The report puts his total investment at roughly $30 billion. Blue Origin is also gaining ground through government contracts. It recently won a $700 million NASA contract to build a telecommunications orbiter using its Blue Ring platform. It also secured a separate $468 million contract for an uncrewed lunar mission.

Amazon's recovery adds to Jeff Bezos' wealth

Blue Origin is not the only factor behind Bezos' rising fortune. Amazon shares have also recovered, climbing from $196 in February to $262, according to the supplied report. Amazon has benefited from growing demand for computing power as companies invest in artificial intelligence. Its cloud business is also linked to Anthropic, which has committed to spending more than $100 billion with Amazon over the next decade.