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":"2d468aa2927cb564241237b5e02a6af2","s":"534563a25c5e313d"}
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