New figures from Bloomberg show that the world’s 500 richest people saw their wealth expand this year from $4.4 trillion to more than $5.3 trillion.

Booming stock markets saw their wealth soar four times more than they did in 2016.

Other key factors from Bloomberg’s report indicate that the US had the largest presence on the Billionaire’s Index, with 159 billionaires adding a collective $315 billion.