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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