Asia Still Leads the World When It Comes to Minting Billionaires
- Number of billionaires in region will rise 27% through 2023
- Property a mainstay of portfolios amid market uncertainty
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Asia will see the fastest billionaire population growth in the world over the next four years, despite economic uncertainties in the region triggered by the China-U.S. trade war.
The number of Asian billionaires will rise by 27 percent to 1,003 between 2018 and 2023, making up more than a third of the world’s total billionaire population of 2,696, according to a report released Wednesday by Knight Frank LLP. The billionaire population growth rates for North America and Europe are 17 percent and 18 percent respectively.