Wealth
Asia Now Has More Billionaires Than the U.S.
- One billionaire is created every three weeks in China: UBS
- U.S. still has greatest amount of billionaire wealth, UBS says
Asia Billionaires Lead the Pack of World's Wealthiest
The world’s wealthiest individuals are on a roll with billionaires in Asia leading the pack.
Billionaire wealth increased 17 percent to $6 trillion in 2016, after a decline the previous year, UBS Group AG and PricewaterhouseCoopers said in a report issued Thursday. Led by China, the number of the region’s billionaires surpassed the U.S. for the first time.