"The top 10 people on the Bloomberg Billionaires list collectively gained $52 billion in wealth as the value of their stocks surged, driven by a relief rally in the stock market."
"Meta CEO Mark Zuckerberg led the list of gainers with an almost $13 billion wealth increase in a single day, as shares of Facebook, Instagram, and WhatsApp's parent company jumped 6.5%."
"Despite the one-day gains, many of the world's richest people remained in the red for the year, with Oracle cofounder Larry Ellison down about $56 billion and former Microsoft CEO Steve Ballmer down $35 billion."
The US-Iran ceasefire triggered a stock market rally, resulting in significant wealth gains for the world's richest individuals. The top 10 billionaires saw a collective increase of $52 billion, while the 20 richest added $90 billion. Meta CEO Mark Zuckerberg led with a $13 billion gain, followed by LVMH's Bernard Arnault and Alphabet's Larry Page and Sergey Brin. Despite the gains, many billionaires remain down for the year due to previous market declines, with notable losses for Larry Ellison and Steve Ballmer.
Read at www.businessinsider.com
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