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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","iv":"481df48e760f11efd2efc7d351f2d5ba","s":"2cc882317f9fd7f4"}
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