Pursuits

World’s 40 Richest Gain $29 Billion as S&P Returns to 2007 Level

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By David de Jong

September 14, 2012 at 11:18 PM UTC

This article is for subscribers only.

The 40 richest people on Earth added a combined $29.5 billion to their collective net worth this week as global stocks soared.

The biggest gainer was Saudi Prince Alwaleed bin Talal, according to the Bloomberg Billionaires Index. His fortune soared $2.2 billion after shares of his Riyadh-based Kingdom Holding Co. rose 17.6 percent. The company announced plans to renovate the Four Seasons George V hotel in Paris.