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Asia now has more billionaires than the US

For the first time, Asian billionaires outnumber their US counterparts, with the former set to surpass the latter’s total wealth in just four years, according to UBS and PwC’s joint Billionaires Report released today. The number of billionaires in Asia grew from 520 in 2015 to 637 in 2016, while the number of US billionaires inched up from 538 in 2015…

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