Economic news

Globe's richest people increased their fortunes fastest in 2017

Last year world’s billionaires grew their wealth more compared to any year in the past. The globe’s most well-off people had their finances rise by 20% reaching $8.9 trillion, the data by UBS bank reveals.

Photo: Reuters

The pace of money amassing by the richest of nowadays have gone far up from the beginning of the previous century, known for the likes of Rothschilds and Rockefellers, who possessed a great deal of wealth.

The research by UBS and PwC suggests that the mega-opulent are controlling such quantities of money that there is an emerging multitude of new affluent dynasties.

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