Asset Management

Wealth of the world’s billionaires rises to $8.9tn

The biggest increase in wealth was reported in China, says the report, whose figures pre-date the recent market sell-off

Jack Ma, founder of Alibaba, and China's most famous billionaire entrepreneur
Jack Ma, founder of Alibaba, and China's most famous billionaire entrepreneur Photo: Getty Images

The world’s wealthiest individuals saw their collective wealth rise to record levels last year, with self-made tech billionaires living in China seeing some of the largest gains.

According to an annual report published jointly by UBS and PwC, the combined wealth of the world’s 2,158 billionaires rose to $8.9tn in 2017 — up 19% on the previous year.

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