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World's 10 richest each gain at least $1bn as stocks surge

Oct 17 2018 08:45
Tom Metcalf and Jack Witzig

It’s a perfect 10.

On Tuesday, for the first time since the March 2012 launch of the Bloomberg Billionaires Index, every one of the world’s 10 richest people added at least $1bn to their fortunes as US stock markets ripped higher, brushing off last week’s malaise.

The S&P 500 and the Nasdaq surged the most since March, and all 30 companies in the Dow Jones Industrial Average climbed as strong corporate earnings eased tensions from trade disputes and geopolitical turmoil.

Amazon.com’s Jeff Bezos, the world’s wealthiest person, was again the top beneficiary, adding $4.7bn to his net worth, which now stands at $150.3bn. Facebook’s Mark Zuckerberg, ranked sixth, and No. 3 Warren Buffett saw their fortunes increase $2bn and $1.8bn, respectively.

The top 10 added a total of $16.8bn while all 500 people tracked by the index are $61bn richer.

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