Connect with us

Business

Asia’s billionaire population up by almost 30%

According to the latest study from ultra high net worth research firm Wealth-X. Asia’s billionaire population shot up by almost 30% last year to 784 individuals

Boris Sullivan

Published

on

Wealth-X, the leader in applied wealth intelligence, launched the fifth edition of its annual Billionaire Census today, revealing that billionaire wealth surged by 24% to a record level in 2017.

The report attributes this significant increase in wealth to a synchronized upturn in the world economy and climbing equity markets. In a rapidly shifting geopolitical environment, the influence on the world economy of this most exclusive group of individuals is continuing to rise.

The number of billionaires in the world reached 2,754 last year, increasing 15% from the prior year and exceeding the previous record of 2,473 in 2015, according to the Billionaire Census 2018 by Wealth-X, a global wealth intelligence and insight provider.

Their total wealth, including public and/or private holdings, liquid assets (cash or cash equivalent), real estate and other luxury assets grew 24.4% year-over-year to US$9.205 trillion.

According to the Wealth-X Billionaire Census 2018 there are now more global billionaires than ever before, powered by a vibrant technology sector, as well as dynamic growth in the number of ultra-wealthy individuals in Asia – which, for the first time, overtook North America as the home of the most billionaires.

The number of female billionaires grew 18% to 321, outpacing the growth rate of 14.5% in male billionaires.

Asia is now home to more billionaires than North America

A notable change in 2017 was that Asia overtook North America for the first time in eight years in terms of its billionaire population. The number of billionaires in Asia increased 29.2% from 2016 to 784, which was 57 more than that in North America. Europe, however, still had the most billionaires, at 821.

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Business

One million people register on first day of Chim-Shop-Chai program

10 million persons will be able to register themselves to receive a 1,000 baht allowance each in the government’s electronic money mobile application

Avatar

Published

on

A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive a 1,000 baht giveaway to be spent between September 27th and November 30th, on the first day.

(more…)

Continue Reading

Business

16 countries agree to conclude RCEP talks by end of this month

The final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments

National News Bureau of Thailand

Published

on

BANGKOK, 9 September 2019(NNT)-The 51st ASEAN Economic Ministers Meeting has agreed that the final round of the Regional Comprehensive Economic Partnership (RCEP) talks in Vietnam should reach their conclusion by the end of this month.

(more…)

Continue Reading

Business

Thailand to Produce 2.5 Million Vehicles in 2030

Today there are about 15 million vehicles in Thailand and the Energy Ministry expects to see 1.2 million BEVs and plug-in hybrid electric vehicles within 2036.

Boris Sullivan

Published

on

The Thailand Automotive Institute expects the country will produce 2.5 million vehicles in 2030 and about 200,000 of them will be battery electric vehicles (BEVs).

(more…)

Continue Reading

Most Read

Upcoming Events

Mon 21

34th International Conference on Dental and Oral Health

October 21 @ 9:00 am - October 22 @ 5:00 pm BMT
Nov 06

2nd World Congress on Pediatrics and Child care

November 6 @ 8:00 am - November 7 @ 7:00 pm BMT
Radisson Hotel Narita
Tomisato-shi
Nov 07

3rd World Congress On Gynecology, Obstetrics & Reproductive Health

November 7 @ 9:00 am - November 8 @ 4:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 11,595 other subscribers

Trending