For the first time in a decade, overall billionaire wealth fell last year and the world's richest people are worried, John Mathews UBS Wealth Management Americas' head of ultra high net worth said on Thursday.
Billionaire wealth has grown seven-fold in the last two decades, but in 2015, the platinum-lined pool of money belonging to the world's nearly 1,400 billionaires fell by $300 billion, from $5.4 trillion to $5.1 trillion, according to a new study by UBS and PricewaterhouseCoopers.
Thursday, October 13, 2016
Which is more insane -- to be anxious that you are no longer a billionaire or the be anxious that you became one in the first place? I really don't know, but I do sense something obscene in the whole tableau.