Good day to be a billionaire as wealth rises on Clinton bets

The world's wealthiest people became $US37 billion ($47.9 billion) richer overnight as stock markets rallied on mounting speculation that Hillary Clinton will be elected US president over billionaire rival Donald Trump.

Their combined net worth on the Bloomberg Billionaires Index rose 0.9 per cent from Friday's close to $US4.4 trillion as of 12.24pm on Monday in New York.

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Global stocks and commodities rallied as investors wagered the FBI's latest determination that Mrs Clinton's handling of emails wasn't a crime has boosted her chances of becoming the 45th president.

US billionaires prefer a Clinton presidency, as measured by their donations to the two candidates, with 17 of the country's richest people contributing to the Democratic nominee, according to data compiled by Bloomberg.

"The market's perception is that a Clinton presidency will be similar to the last eight years in terms of regulatory action and the amount of change in the economy will be less than under a Trump presidency," said Robert Lutts, chief investment officer of Cabot Wealth Management in Massachusetts.

US billionaires account for one-third of the Bloomberg wealth ranking and had the biggest gains among the group, adding $US22 billion.

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Amazon.com founder Jeff Bezos, ranked No.3 in the world on Friday with $US65.7 billion, led the surge with a $US2.7 billion rise.

Warren Buffett, the fourth-richest person in the world with $US64.4 billion, added $US1.5 billion.

Amazon.com founder Jeff Bezos, ranked No.3 in the world on Friday with $US65.7 billion, led the surge with a $US2.7 ...
Amazon.com founder Jeff Bezos, ranked No.3 in the world on Friday with $US65.7 billion, led the surge with a $US2.7 billion rise.  Photo: Blue Origin

Mexico's richest person also had a billion-dollar morning. Telecom magnate Carlos Slim added $US2.2 billion as the Mexican peso rallied with expectation of a defeat for Mr Trump. The New York real estate magnate used the word "rapists" when discussing immigrants from Mexico and has vowed to renegotiate relations with the country's third-largest US trading partner.

Gains were broad-based across sectors and industries, with 140 billionaires seeing gains of $US100 million or more this morning.

Warren Buffett, the fourth-richest person in the world with $US64.4 billion, added $US1.5 billion.
Warren Buffett, the fourth-richest person in the world with $US64.4 billion, added $US1.5 billion. Photo: Bloomberg

Bill Gates is the world's richest person with a net worth of $US84.9 billion and added $US700 million on Monday.

Bloomberg

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