Asia now has the most billionaires
Asia now has the most billionaires in the world, surpassing the US for the first time with a new billionaire minted on average every other day in 2016, according to a UBS and PwC's Billionaires Insights report.
Asia saw 117 people break the billion-dollar mark in 2016, bringing the most populous continent's total to 637.
But America's 563 billionaires still control more total assets at 2.8 trillion dollars.
The combined wealth of the world's billionaires increased 17% in 2016 to 6 trillion dollars.
Much of that growth came in China and India, the source of three-quarters of the world's new billionaires.
Asia is projected to overtake the US in terms of overall wealth concentration in the next four years, the report said.
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