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.
{"ct":"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","iv":"2dab116b39974dea661f0843646649a1","s":"37ca87be5afcabf7"}
Share your thoughts. Click here