World’s Richest Gain $26 Billion as Sanctions Hit Russia

The 300 wealthiest people on Earth added $25.6 billion to their collective net worth this week as the U.S. government imposed economic sanctions on several Russian billionaires.
Amancio Ortega was the week’s biggest gainer, according to the Bloomberg Billionaires Index. The 77-year-old co-founder of Inditex SA, the world’s largest clothing retailer, added $2.8 billion to his fortune as the company rallied 2 percent to a one-month high. The company, which owns the Zara chain, said March 19 it plans to open more than 450 new stores this year. Ortega, the world’s fourth-wealthiest person, has a $63.1 billion net worth. http://www.bloomberg.com/news/2014-03-21/world-s-richest-gain-26-billion-as-sanctions-hit-russia.html