Asia Has Outpaced North America By Billionaires

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Asia is now the home of more billionaires than North America, according to the latest research by Wealth-X.

The number of billionaires in the region grew by nearly a third last year (29.2%) to 784, according to Wealth-X data for 2018. North America, meanwhile, posted a modest growth of 11.2% the number of billionaires living there is 727.

Thus Asia for the first time outpaced North America by the number of billionaires.

The United States remains the country with the largest number of billionaires – 680 people – but the increase in Asia marks a wider change in trends in regional wealth.

Asia is now home to 28.5% of all 2 754 billionaires in the world, standing just behind Europe, which is at the top with 29.8%.

North America remains third, falling from its second position, with a 26.4% share of billionaires.

The Middle East is fourth with 6.9%, while Latin America and the Caribbean have 5.7%. The number of billionaires in the region of Africa and the Pacific is below 2%.

In the past year, the total amount of wealth in Asia has also grown to a greater extent than any other region in the world.

Regional wealth has risen by 49.4% in 2017 to 2.3 trillion. dollar, which is much higher than that in North America – 22.8% and Europe – 14.9%.

This growth in Asia is driven by China, where wealth growth is 61% – up to $ 1.1 trillion.

The total fortune of all 2754 billionaires in the world is worth 9,205 trillion. dollar, shows the fifth edition of the Wealth-X Billionaire Census for 2018

From the list above, only 321 are women. And just over half (53.5%) are heirs of wealth, not entrepreneurs.

According to the data, most billionaires have graduated Harvard (188), Stanford (74) and the University of Pennsylvania (64). The top 10 universities, which have “produced” the most billionaires, are only American universities.

Top 10 cities with the most billionaires:

Among the cities with the highest number of people in the world, number one is New York with 103 billionaires, followed by Hong Kong and San Francisco. 

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