The world’s wealthiest individuals garnered $37 billion more in wealth on Monday as stock markets “rallied on mounting speculation that Hillary Clinton will be elected U.S. president over billionaire rival Donald Trump,” according to Bloomberg. The combined net worth of the world’s billionaires – a list that includes Zara’s owner Amancio Ortega – rose nearly 1 percent from Friday’s close to $4.4 trillion as of Monday evening in New York.
Global stocks and commodities gained steam as investors wagered the FBI’s latest determination that Clinton’s handling of e-mails will not result in criminal charges has boosted her chances of becoming the 45th president. "The market’s perception is that a Clinton presidency will be similar to the last eight years in terms of regulatory action and the amount of change in the economy will be less than under a Trump presidency," said Robert Lutts, chief investment officer of Cabot Wealth Management Inc. in Salem, Massachusetts.
So, what did the world's richest men earn today? Amazon.com Inc. founder Jeff Bezos, the third richest person in the world, led the surge with a $2.4 billion rise. Warren Buffett, the fourth-richest person in the world, added $1.7 billion to his net worth.
As for Ortega, 80 – who serves as chairman of Inditex, the Spanish parent company to Zara, Bershka, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Uterqüe, and occupies the number two spots on the world's billionaires list – he garnered a cool $750 million today alone.
Gains were broad-based across sectors and industries, with 140 billionaires seeing gains of $100 million or more this morning. Bill Gates is the world’s richest person with a net worth of $84.9 billion and added $839 million on Monday.