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On a single day, the wealth of the world's 500 richest individuals saw its largest increase, collectively adding $336 billion, driven by rising stock prices, especially of SpaceX following its market listing. This surge pushed Elon Musk's net worth to $1.27 trillion, making him the world's first trillionaire. The increase occurred amid a wave of gains in global markets and improved conditions after the U.S. and Iran reached a preliminary agreement over the Strait of Hormuz, with markets reacting to SpaceX's performance and tech stocks. The rise highlights the growing disparity within the billionaire class, as the wealth of the top 50 individuals amounts to nearly $6.5 trillion, while the remaining 450 possess around $6.8 trillion.
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