Billionaire wealth shatters $6tr barrier for first time

The total number of billionaires and their collective wealth has now reached an all time high — breaking the $6 trillion mark, according to the latest annual billionaires report from UBS and PwC. Despite geopolitical uncertainty, their numbers have swelled by 10 per cent to 1,542 by the end of 2016, with a new member of the global elite UHNW club being minted every two days in Asia.
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