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The billionaires club shrank by 283 last year

Posted online March 22, 2017 | 11:35 am

The world's number of billionaires dropped last year by 283.

The global billionaires club shrank to 2,397 members in 2016, a 3.1 percent drop from its record high in 2015.

The Asia-Pacific region lost nearly 7 percent of its billionaires.

Read more from CNNMoney.

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