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Global billionaire wealth increased by 19% in 2017, say UBS and PwC

Chan Chao Peh Published on Fri, Oct 26, 2018 / 5:40 PM GMT+8

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SINGAPORE (Oct 26): The world’s richest have gotten even richer last year, with a collective 19% increase in wealth to US$8.9 trillion.

Unsurprisingly, the wealth of Chinese billionaires helped drive the growth, with their net worth up 39% to US$1.12 trillion, according to the UBS/PwC Billionaires Report 2018.

Other billionaires in Asia did well too. Last year, their collective net worth increased by 32% to US$2.7 trillion, with growth in sectors ranging from consumer and retail to technology and real estate.

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Global billionaire wealth increased by 19% in 2017, say UBS and PwC