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Fortune
Fortune
Jacqueline Munis

The world's 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire

(Credit: Charly Triballeau—AFP via Getty Images)

Wall Street traders saw a huge surge yesterday, and the world’s wealthiest billionaires had their best day in nearly a year, after President Donald Trump took back his threat that “a whole civilization will die tonight” on Tuesday, quelling traders’ fears. 

The world’s 500 richest people made $265 billion yesterday, according to the Bloomberg Billionaires Index. With the Dow Jones Industrial Average jumping 2.85% and the S&P 500 soaring by 2.51%, it was the second-largest single-day profit since the index was created in 2012.

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