The world's billionaires have doubled in the past decade and are richer than 60 percent of the global population, the charity Oxfam said Monday.
BEIJING: The world’s billionaires saw their collective wealth rise 19 percent to $8.9 trillion in 2017, led by growth in China, which minted two new billionaires every week, according to a new report. A total of 199 billionaires were created over the year globally, with nearly a third gaining their wealth through some form of innovation, while the rest did so by scaling up businesses in the Asia-Pacific region, UBS and consultants PwC said. Nowhere was this more visible than China, they said in the 2018 edition of…
Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion in 2015 to $5.1 trillion. That meant the average billionaire -- there were 1,397 of them, a net gain of 50 over 2014 -- was worth only $3.7 billion, the survey of 14 big markets by Swiss…
ZURICH: The number of women among the world's billionaires has risen faster over the past two decades than that of men, mostly thanks to Asian female entrepreneurs, a study published Tuesday showed.