Globally the billionaire's worth increased by 20% in 2017

Nabanita Dutta

News Editor

According to a report by Swiss Bank UBS, the billionaires of the world have made 20% more money in 2017 and the super wealthy people have risen at a far greater rate. The 2,158 billionaires of the world have increased their combined wealth by $1.4tn last year which is more than the GDP of Australia and Spain. The report also suggests a major transition of wealth that is going on for last five years.