World's 500 wealthiest gain record $336 billion in 1 day
Business
On June 15, the world's 500 wealthiest people saw their combined fortunes jump by a record $336 billion in a single day.
This massive boost came after global markets rallied on news of a U.S.-Iran deal reopening the Strait of Hormuz, sending the Dow Jones to an all-time high and pushing other major indices close to their records.
Elon Musk gains $164 billion
Elon Musk had the biggest gain: his net worth soared by $164 billion thanks to SpaceX's valuation jumping 20%, putting him at $1.27 trillion.
The gap between the ultra-rich keeps growing: now, just to make it onto the Bloomberg Billionaires Index, you'd need at least $7.9 billion, a new record entry point.
The top 50 billionaires together are nearly as wealthy as all the other 450 combined.