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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Ac+pZ1t3CMINHfNTm\/+e4jUwPntjyKUngSWC7TOnNEj1Zz0bPesh0LpE+qayy\/3jWe70xkAV8wnQJpa6s\/6aQAqgC2x3AqXZc9Gd0kVYLbbZTAZk\/ChUkux2Mc7i17E96R6OLCoHtLHo9r8lSpDg8wATIYHq389FJdolQnlnHpmMmiwBO3wTy1jtR2q6+SJd4x1I+XS\/2AVmDBhYLqX+x2NvIoZy+cwygRD\/CGQdft38los72aO6wHCVvQb33Dh+2J66QzUz5UNmE5wdhvFXEgYxWw0DC\/Eso5youDYRHefoavgb1vaX83n\/G42AflK+WP067Hw61\/UWw3kGd\/W87tdPEsdDwTwy2v3H0GtZA+vntKi5nEFMOoGnzBvcZfiQ+AyjzTNZM8SuZRxREBd7nSdQhAlOXe5n4TncSRUpWMDvTH+PZLwNNV4WVkG3dYeEZlwN9065aJC8ZBwX6CzBAfiJPH3WstAfIwAe+lKIberGqvUHOclniJ4n1ejemgWdStxrGkdMn2uoKtLfOSIb6mD4Hk+vLN8eJMi0HRXdL8aJcdcuMT8B0AumZkjnPA0Pr\/fazMCLiyjTyjsmfuXU4wIoZWP5q61ozJS3+NGuInyEI1MShJPANYl1OTD4EEWeicbld4Bbozf6fdU50Dig0TKteId7+xk0cdU0J+CjyS1zWa9qodXQgAJ2bHuFy7vJ49v66s3ZD1ylX8lJFuKafLm5jfOVjlRJTfy2nad0V+\/g5HD+qSFAZpXZaangFU+gIO8Ityz34G0\/tyGR2iJ1JDe2He1ni8tfdYVDE2Nu+2oAwHEzToImEHw5B1nvJaj2R+ucIBD7WkXnGZMBOIDmEkEVHQuMII0a2ACZJCHN42wREUhTaBBL3GmhlbmveGaZhliA8Nt5hyftwodDBNXe2MPjIR2zO6QMTB3k76HZn5GAFHV2MvGIxZ3mIvDyATEVUp7jCj6zNuyBMd8VLmud4qzApm2AG2lQh2pqZKz03fe\/b4YgeBfdaoFPKCUUYHLiJ568Gz9TSJOq6Kb8hnXuc5ZoQwt1yZAKq\/1QeBCyUFbZT1SheZTKE\/kDMCGnz5\/nVz\/+SgyPGULK+y5ZtUD+icmi72VABwg1XtzZfb0tFXfAV1V+ZGzg6K3R\/zvD6dZmp1QvsmO9uYmwXHAN3kuWpu\/5ySjKgu4O+Ls+lygX7sl63ZXIhvxVpy0yBtjuXvym+06WsL5mBkggZTKUDgbfzMHktqDQO4IT7ABLVFUMvvLOcNbqPie54IHSwf7ErCkb\/6Sj1AGhPogNC0oksjxp3cuT+qlyfhoRE0oCKYPiow3815ficKwMGHlVZDA2vg8nGsCN4Vv5SgL0kFZIVXsspz80G\/ud0wf39iv1OHl5PWu74B6lyngrdJ0mgAKajs7sxf9OZ2Et0mXe1t+mGK10YM0IEc4hHqIwkadS1eHhn0VkI2evBw08387dMRNPeKHaWvrwC5waiYNkbeGP8uPEwFQMnNeQw8HYQlLoIJdG+S41W+KFpw6EYaNm4uK17MkF+U1jUUDQpZOBJ\/pvHVOs25eYWYD3nPOtJ2IbiygL+MVwOpI7HPeeQmiinmbAGOqrgGb\/w+\/zWqzQXDuEk3bsMBDcMhGTnsL27TP0y1dNN2eJKsgWN6JiZpK1csyAPZQUWBUzluCWPMDtEhCxm+AnM2QiKf3vVZgmbeF55tnvK7e591hnDqc5dJhbZ9NcWk0oawHpn5Pgh+ii+f0URTTqVhTYy9Zuoh\/x7EpUX3lGw1bGY8k32S13ff0QfjDydLC83RlqjwSN\/ZigSZ+oAQuKORxlJeNy5rizpcIpDa5rolVzKWph7CUyVagMDcnVE7CgfE+Y9Qgvs+whTYRTN17vAvy1sNPZsN67cmc7RoIMOizccbiRoYPbUhsojL1G5sQ2ztIuDKfNhzVhVEg5\/X88R3lQS5rc2lfJycVhe\/gSq0Udr3Km5HlJfni9KPV7W5+Djswf7Ow1Fi9Zq\/Z36pz2i36T2Bg1xIYnjk09gDR7WPG7v4PliBXsx3ltZYYCVa4uSIxNNw0xUjl6KH11BiHlOLZSfAwOKnUJ5ylpeCKqDJ8O\/VsN73\/9Dco4cTdgaScoSyjlF2bJd8wW32CHzKUIxxUSXuOnKf+hASXpxvcz169OifD6BGi5K8d0fjQS2m71LYBYgJBmfTU9O2YFAexKVEHw5UGZ2P\/dhkYOyoJAD8nxfCJ19ycDVSNAPKzBCPWWDmw3a4j9DL9xLK02yGCVxxZeIyyV9rfu5Y1fEvOZ8OtGvXDIU4NooRcmDujz9mSLmacLjTIPj2ZmflcqPhhLuKCEjpcnDWYqnGmqL50vqgTvFgXCVNSVy07AcdOViUoMF7i+PpIWmyPJM9m+2Cupe34yUtwdl7b8rEyNa3IsEXXgfWQroWDGo7351f\/jCDn8giJn9QcfaC5eILW8KCCZ3o8kgn05rbMJg3t+JiH\/6eYes0UEkDittEcxsryRqm3e93m7S8XS0cqRXJjbeg2zHjEUn6J5ruA2o3vuKQxLegNrS6JsEpJbxZ\/PCndW4d1Lruf4TQQ9GOfhnDjH9DjL29JpHuAir9WRXX02yD16Is1XboqN27e+X96xedb3t9Htww3RUeJ+By1oKJspbPXGuPgMpw5X93\/W+H9vflk1o5wY+sA5qRe08Avdnmz6PlDCIcmVvo5xCPeTjaq\/6nUkCaYlyvAzFh5OB2ttS6WECphDMnHqow+5tPOIJ+rJyQlw7vOhYUAPpviMwm5q7RxgqAOQg7TkyNZJjRrQ2pH9RchiJTh7TT4vjR4YfzwegDeAbtxuqaLh8HGtqfl0CZc1nCtGg6iQMAYfzWgtwUzKj01DzcVpJTN1SAn8NfylP7fJTcFLtR7K6i\/0yxa7K8ccTrRw0NncYKYVJnGhxhfS9thSXqcQml\/V\/sxvvbir7vcxBII2M4rdso0GJMbN5V+LwJOaflyaqpgTcpVKdC0ZeaPXpWk+LeH1h3qYKovjvycrcdWsjvo5LGjPCuAIPEN1D4U1lo5yBqT8UqipoBKBOLjZdKt4IpIEupoxLME\/f2OU1AXmGiW+vd8vqxz3A5y7vLjrBUvaxjr8\/3DiIbBsDjklFTvb8ALEdy23ttVeKM00Y6jQIN7rlTyHlEmshbli41jX2U9lLMrGABUe9idlsBfkMDgOo9cTWICYo42UwqtrK5upGsNF8oiLZU2hMNO8mTsiQJp4Xo3U+uBG7aGjWR0S+BmA+hO7jKXaAqm1X5FR1Xl5FFSa18kH2BLjB284YCwLpmue4H5k4EsyTIe\/ZTpK1Erfi1pjUXueFWAQoQnW4jCD3ZmwVf+4V+362kdljOCRckHkJMjwxPtlacslKfpX0hrBNX8ZQZepABA1xQ1ZPoKnqRcSWD1\/DJAuzITJi3GXIC4Y4LnYxMTasKGHIokcHpe058eGUaLGbe7G+\/4YcDnY136xjWuHT+x2o2BaFZsbnw+hCwbTNm1Kx9JmPgYUqV+lJZ2zSUw+HsvVR5QZAtvEYtXYy7\/SiauHcXxAIQdEDToNQcKM9x+0g86NzMKfpvjtiR\/7pPU1G+UyT4hzUHujXbzpf\/DvQHzvURIMG749PIiTb+lEzeu3nQiDpNEkIev4\/ervFyor6BhHCX8vBcR7Fbwkc2z3xlZxi6MfDVVPFVevDtO0ZItOupqcYF+TqJbDfHXkHCpKUyYZs5Gfnr0jHZUyBUtP6Zwhs5N2w+je8gv97uVP30557KBXWMtoVKD3IgUWJGJO0vggYQGR5Lk6qfKZl49530E3b6LZCZ7cqahepuEUWEmiVWEFmEuWPSQXdzn+hzuIpmInyvzSHqpSoHweY5sxLY4vBZdhn\/DxVJwMsRLwJ9jmbyAwfKC8OLFriRejv41JeYgUzbxdcvfMdqN\/5ugwHPhoL4rle3C17XrqREEhnOs8GPgTgrzrBHciV7lxk\/CuW+EFI6iQbMJowK9eOuaEOzj586tGM+jSOTZ15XeFN6r4ZmpTxB+k3CSIPsNnUYnaWSGGYq0VN\/DHi\/iwqj28X7z45me+ublqUrHbHZeYn9O93u1Dtd+m9r4dr+ke7GjOrjPx0DYNZvMlqxNAuUtiJwTW\/nkQmQAv59FV8AQCo3oRv75IkDdG7GIaBM2v2gw6D\/P7\/8IUMf9gUeBXzOerf3R70iw4AvQcCbqrbF0GDu+WAz00S5gaeuoV507EEFj5gGs2H0CQxBYnEjhThfy2NaqSAi8aNhoIxzr6aB8IG08XZpsd82\/\/iWWO3ghXXc6ug1damXIrNE5LxLlieZtGWAss9mHzwi26yHx2crsIu6c8S4QUeFm2C\/KYr7zFy+z+eErP+BF6IlPk42ZDVp3DvVP+H5LJXSJkemdjkLRzV6sPQTpMZxhR2whBaio4cYlzoh9GtyMIxaWifxtBl8NQRWB\/y1zwYUT1JqeNKw6dMuN08bsWD30YEIN88u57eTG4vFtnLp4YWJ\/JCL9dXhYBT0WoXKkTOWJD5BKYkUxvrSXkmPk45lf2hySDHyfmd7aRpWLf3q3qTKLpIdXdr\/TwslD\/JjjfLw45LwZHyAr81fW4mIIkyf2c4bkLoZiLFI\/N7+fSMAB8BUW2NxH+jMMZTVw6knTb4nuY0yWqvm74rrmjFruHSc+NmdfOkbE6GSWevqnfnPKDBWRNP5igmsEl2hQVXj6suLHWXU7BZUr+znrHb9\/BB0jPktOisI5wpybPefzTZ7ruZlxCIHvsYTzshAFezTgOPtajTeZXcl7nEhqvOVRwyK+PWMP73zy9MhMy8ohV7oxq5qA2uLNCTkUbq0b+6Gdkh9Z3J532dYO4C8GTBG0n1QlYKtqJusHt7vnFCcf9YUBlK6pi94XBv0O0p7VV3Sal7M11u1NgVtGzwFLLp2ORxjNzB7Q\/FdWXSBEH1tyeicmn+9hm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