It hasn’t been an easy year for the world’s wealthiest individuals.
Volatile stock markets, tanking oil prices and a stronger dollar led to a dramatic reshuffling of wealth around the globe and a drop in billionaire fortunes for the first time since 2009, according to Forbes.
In its 30th annual guide to the world’s richest people, Forbes found 1,810 billionaires, down from a record 1,826 a year ago. Sixteen individuals with ties to the insurance industry — down from 20 last year — made Forbes' 2016 list of world billionaires.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
