Summary: It was another booming year for the world’s wealthiest. After roaring back to growth in 2016, billionaire wealth enjoyed its greatest-ever increase last year, rising 19% to an unprecedented $8.9 trillion. Leading the way was China, where billionaire wealth grew at double the global pace, increasing to $1.12 trillion, according to our fifth Billionaires Report: New visionaries and the Chinese Century. “The growth in wealth is most visible in China,” said UBS Judy Spalthoff, Head of Family and Philanthropy Advisory. Nearly one in “every five billionaires in the world is in China.” Listen in for the full story. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory services and brokerage services. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business and that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information visit our website at ubs.com/workingwithus. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC.
