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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