More individuals are reaching billionaire status but the total wealth held by the nation's jet set is contracting.
The billionaire population grew by 1% but their total assets fell by 6% in 2015, according to Billionaire Insight, a study conducted by UBS and PWC.
Many UHNW clients are seeing their wealth shrink, especially through intergenerational transfers. In fact, the number of self-made billionaires is taking over inherited wealth, the study says. Learn more about the characteristics of today's mega-rich through our slideshow.