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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