Asia Creates One Billionaire Every Three Days
113 Asian entrepreneurs achieved the billionaire status during the year 2015, accounting for more than half of 2015’s world total. China accounted for 80 of the new billionaire entrepreneurs in Asia, which has an average age of 53. Half of these came from technology (19%), consumer & retail (15%) and real estate (15%).
“China accounted for 80 of the new billionaire entrepreneurs in Asia, which has an average age of 53.”
~UBS/PWC Billionaires 2016
However, a billionaire wealth status can be lost quickly in China. Forty of China’s tycoons have lost their billionaire status in the year as the volatility in asset prices and government checks have affected their wealth.
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