One billionaire created every two days in Asia, study says

2017-10-31
China

In Asia, the total billionaire wealth reached $6 trillion last year, and a new billionaire is emerging every two days. The surge of Asia's billionaire class supported an increase of super-rich group at 17 percent annually. While the US still concentrated the largest part of billionaire wealth, Asian billionaires may overtake the US and possess most billionaire wealth in four years. The super-rich class is expecially growing in the materials, industrials, financial and technology sectors. About 28 million people, equivalent to the entire workforce of the UK, are directly or indirectly employed by 1,500 billionaires. Interestingly, we see a bridge between capitalism and altruism existing and getting more and more prominent in the tech industry. Read more here

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