Research
October 26, 2017
Jean-Michel Basquiat's Untitled sold for $110.5 million. Image credit: Sotheby's
By Jen King
After a $300 billion decline to $5.1 trillion in 2015, UBS and PwC report that the total wealth of the world’s billionaires rose 17 percent in 2016 to $6 trillion.
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