Jeff Bezos has strengthened his position among the world's richest people as Amazon's soaring valuation has boosted his fortune. The e-commerce giant crossed the $3 trillion market capitalization mark on August 2 after reporting stronger-than-expected second-quarter earnings, while the company's artificial intelligence-driven cloud business further strengthened investor confidence.

Amazon AI spending is paying off as strong cloud growth sends shares higher and adds $25 billion to Jeff Bezos’ net worth. | Business News

Amazon climbs again as Jeff Bezos eyes another multibillion-dollar wealth boost.

Amazon crossed a $3 trillion market valuation after strong earnings and robust cloud growth reinforced confidence in its AI investments. Shares hit a record high, while investors…