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Asia's wealthiest numbers grow
The number of billionaires worldwide has reached a record level of 2,170, with Asia the fastest growing region, a new report has said.
The Billionaire Census 2013, from global wealth intelligence company Wealth-X and financial services business UBS, found that billionaire wealth globally was up 5.3% in the year to June 2013 while billionaire numbers had risen 0.5%.
But in Asia billionaire wealth had increased 13% and, at current rates, was likely to catch up with North America within five years. In addition, the number of billionaires in the region was up 3.7%.
This rate of increase – with Asia contributing a total of 18 new billionaires – meant that Asia was "driving the tectonic shifts in wealth globally", the report said.
The study also said Asia had 44,505 ultra-high net worth ($30m-plus) individuals, whose total wealth amounted to $6,590bn.