Asia-Pacific is home to most billionaires globally, as pandemic boosts wealth

Asia-Pacific is home to most billionaires globally, as pandemic boosts wealth

There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world's uber wealthy to a new high. As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the region, where billionaire wealth now totals $3.3 trillion, according to Swiss bank UBS' new Billionaires Insights Report 2020. That compares to 762 (35%) across the Americas and 596 (27%) in Europe, the Middle East and Africa (EMEA). The findings, based on interviews and data from 2,000 billionaires across 43 markets, saw Asia-Pacific retain its global position as "the engine of wealth growth," UBS Global Wealth Management's Anurag Mahesh said at the report's launch Wednesday.  Mainland China emerged as the