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It's a first: Led by China, Asia billionaires overtake US, says report

Asia had more billionaires than the U.S. last year, led by growth in China - report

Reuters  |  Beijing 

Asia's 637 billionaires outnumbered those in the United States for the first time last year, according to a new report, with China adding the newest billionaires at 101, bringing its total to 318, while Asia overall added 162. Asian billionaires compared to 563 of the super-rich in the US, though the total wealth of American billionaires is still higher at $2.8 trillion compared to $2.0 trillion in Asia, said a report published on Thursday by UBS and PwC that tracks 1,542 billionaires globally. The report that highlighted China's nearly 50 per cent increase in ...

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First Published: Thu, October 26 2017. 15:46 IST