World's Richest People Became Poorer By $388 Billion In A Decade: Report – NDTV

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade.

Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the UBS/PwC Billionaires Report found, with a particularly sharp decline in Greater China- the second-biggest home for billionaires after the United States- and the Asia-Pacific region more broadly.

Private…