The wealth of the world's billionaires rose by 20% last year: UBS, PwC report



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Alibaba Group President Jack Ma attends the Alibaba Xin Philanthropy 2018 conference on September 5, 2018.

Visual Group China | Getty Images

Alibaba Group President Jack Ma attends the Alibaba Xin Philanthropy 2018 conference on September 5, 2018.

According to a study released Friday by UBS and PwC, the total wealth of billionaires worldwide reached $ 8.9 trillion in 2017, an increase of over 19% over the previous year.

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