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New Nordstrom Billionaire Emerges as Retail Shares Surge

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Nordstrom Inc., the Seattle-based retailer whose shares have surged 17 percent since June, has produced a new billionaire.

Anne Gittinger, 76, is the company’s largest shareholder after her brother, billionaire Bruce A. Nordstrom. The two have a combined net worth of $2.5 billion, according to the Bloomberg Billionaires Index.