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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