The Rich Got Richer In 2016 – $237 Billion Richer!
While Warren Buffett did best of all the billionaires in 2016, he was far from alone.
The biggest fortunes on the planet whipsawed through $4.8 trillion of daily net worth gyrations in 2016.
The volatility — triggered by disappointing economic data from China at the start of the year, the U.K.’s vote to leave the European Union in the middle and the election of billionaire Donald Trump at the end — didn’t prevent the richest from getting richer.
Their fortunes rose 5.7 percent for the year at the close of trading on Dec. 27, or some $237 billion, according to the Bloomberg Billionaires Index.