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":"2929f5fbb4fb9d784be435676aed1a5a","s":"3860c2c4b24e72aa"}
Share your thoughts. Click here