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":"0157fe23f3b451b7ecd31bb13a527a18","s":"566fca553768c828"}
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