Topline<\/p>\n
A broader stock market rally on Monday, fueled by eight Senate Democrats siding with Republicans to back a deal that would end the government shutdown, added tens of billions of dollars to the fortunes of the world\u2019s richest people. <\/p>\n
The world’s wealthiest people had billions added to their combined net worth on Monday.<\/p>\n
Getty ImagesKey Facts<\/p>\n
The Dow Jones Industrial Average rose 237 points (0.5%), while the S&P 500 added 1.2% and the tech-heavy Nasdaq surged 2.01% as of Monday afternoon.<\/p>\n
Nasdaq\u2019s rise was largely fueled by Nvidia, whose shares rose 4.4% to around $196, with additional gains from Alphabet\u2019s Class C shares (up 3.2%), Tesla (4.3%), Meta (2%) and Palantir (8.4%).<\/p>\n
The Dow, also boosted by Nvidia, rose with gains posted by Amazon (1.6%), Cisco (0.9%), Apple (0.5%), Goldman Sachs (1.2%) and JPMorgan Chase (1%).<\/p>\n
A broader rally follows a Senate vote late Sunday, in which eight Democrats sided with Republicans to approve a procedural vote on a legislative deal that would fund most federal agencies through January, allowing a vote on the deal later Monday. <\/p>\n
Forbes Valuation<\/p>\n
Tesla\u2019s stock rise added $10.1 billion to CEO Elon Musk\u2019s estimated net worth on Monday, increasing the world\u2019s largest individual fortune to $492.3 billion, ranking Musk ahead of No. 2 Larry Ellison, whose net worth jumped $2.8 billion to $296.4 billion. An uptick in Amazon shares bumped No. 3 Jeff Bezos up $1.9 billion to $256.4 billion, while No. 4 Larry Page ($236 billion) and No. 5 Sergey Brin ($218.9 billion) added $5.7 billion and $5.2 billion, respectively, as Alphabet\u2019s shares increased. No. 6 Mark Zuckerberg ($217.1 billion) added $3.8 billion to his net worth as Meta shares rose, and No. 7 Bernard Arnault, whose LVMH is not traded in the U.S., had his fortune rise to $184.2 billion after gaining $4.1 billion. No. 8 Jensen Huang\u2019s net worth increased $6.1 billion to $169.5 billion with Nvidia leading the broader market rally, and an uptick for Microsoft\u2019s stock added $0.8 billion to No. 9 Steve Ballmer\u2019s fortune ($151.5 billion). No. 10 Warren Buffett ($149.4 billion) benefited from the broader gains, earning $0.3 billion.<\/p>\n
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