Asia Now Has More Billionaires Than the U.S.
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. But don’t shed a tear for the richest folks in the U.S.: American billionaires still control the most wealth at $2.8 trillion.