As the markets edged up from the stock crash, 10 of the world’s billionaires gained a combined $51 billion this week
... [+]The unemployment rate and the COVID-19 case count continue to soar, but the stock market is faring a bit better. The Dow Jones Industrial Average and the S&P 500 both surged by more than 12% in the week ending April 9. . Stocks made a notable jump on Thursday as the Federal Reserve announced $2.3 trillion in loans to support the economy. The market gains led to a combined $51.
3 billion boost for 10 of the world’s billionaires since the market closed a week ago, on April 2.— of Spanish fast-fashion giant Inditex — gained the most, in both dollar and percentage terms. His net worth surged by $7.2 billion, to $64.8 billion, as Inditex stock rebounded by nearly 15.5% this week. Many Spanish stocks are edging upwards as the country’s COVID-19 death toll slows down. The IBEX 35, the index of the biggest publicly-traded companies in Spain, ended the week up 7.6%.
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