You are here: Home » International » News » Economy
Business Standard

Global wealth shifting to Asia with China in lead: Billionaire 2017 list

China has the third most people on the index with 38, behind Germany (39) and the U.S. (160).

Alexandre Tanzi | Bloomberg 

Jack Ma, executive chairman of Chinese internet conglomerate Alibaba Group
Billionaire entrepreneur Jack Ma, executive chairman of Chinese internet conglomerate Alibaba Group

The richest people on Earth became $1 trillion richer in 2017, yet 17 Americans fell from the Bloomberg Billionaires Index, a daily ranking of the world’s 500 wealthiest individuals. The US lost one person from the list every 21 days as global wealth shifted to Asia with China gaining seven, India five and Thailand four. China has the third most people on the index with 38, behind Germany (39) and the U.S. (160).

Asia rises, US falls on Bloomberg's 2017 billionaires list

First Published: Thu, January 04 2018. 10:36 IST
RECOMMENDED FOR YOU