Billionaires Bought Their Own Shares Ahead of Fresh Market Surge

Some of the world’s super-rich boosted allocations to their major listed assets amid the bedlam in global markets, buying ahead of a stock surge prompted by President Donald Trump pausing higher reciprocal tariffs on most nations.

The billionaire Persson family behind Hennes & Mauritz AB repeatedly increased their stake in the Swedish clothing giant as Trump’s tariff policies decimated markets, investing about 776 million kronor ($78 million) overall, according to regulatory filings.

Carlos Slim

Photographer: Luis Antonio Rojas/Bloomberg

Lundin Mining Corp.’s founding billionaire dynasty also spent about C$22.7 million ($16 million) increasing their holding in the Vancouver-based business on April 3. Mexico’s richest ...