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75% of the world’s new billionaires are from India and China

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One billionaire is created every three weeks in China, which leads the region when it comes to the number of billionaires. At the current pace, in four years Asia is tipped to overtake US in terms of the world’s largest concentration of wealth

Updated: Oct 27, 2017, 12:26 IST

75% of the world’s new billionaires are from India and China

NEW DELHI: The number of billionaires in Asia surpassed the US for the first time, though the US still has the greatest amount of billionaire wealth. One billionaire is created every three weeks in China, which leads the region when it comes to the number of billionaires. At the current pace, in four years Asia is tipped to overtake US in terms of the world’s largest concentration of wealth, according to an analysis of data from roughly 1,550 billionaires by UBS and PriceWaterhouseCoopers.


BILLIONAIRES BY REGION

INHERITED VS. SELF-MADE WEALTH

THE BILLIONAIRE IMPACT

* Emergence of great wealth is bolstering art and sports more than ever before

* Among the world’s top 200 art collectors, almost 75% were billionaires in 2016, up from 28 in 1995

* More than 140 top sports clubs around the world are owned by 109 billionaires, who are on average 68 years old with a wealth of $5 billion

WHAT THE WORLD’S RICHEST ARE WORTH

Source: Bloomberg Billionaires Index

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Updated: October 27, 2017 — 12:24 pm

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