Richest getting richer: Wealth of world’s billionaires surges 20 percent in 2017

Richest getting richer: Wealth of world’s billionaires surges 20 percent in 2017

A joint report by UBS and PWC showed that world’s billionaires’ wealth enjoyed its greatest-ever increase last year, hitting $8.9 trillion shared among 2,158 individuals. The past 30 years have seen far greater wealth creation than the Gilded Age” the report said. “That period bred generations of families in the US and Europe who went on to influence business, banking, politics, philanthropy and the arts for more than 100 years.

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