Global billionaire wealth leaps, fueled by US gains, UBS says

Global billionaire wealth leaps, fueled by US gains, UBS says

The wealth of the world's billionaires increased by 17% in the past year, reaching $14 trillion. The U.S. saw a rise in billionaires and total wealth, while China experienced a decline. Self-made billionaires dominated, with concerns about geopolitical conflict and inflation.

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