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China, Hong Kong minted 85 new billionaires in past 12 months: UBS

Asia Pacific continues to lead the way in the growth in the number of new billionaires, with 85 new billionaires appearing in Hong Kong and China alone over the past 12 months. In this year’s edition of the UBS Billionaire Ambitions Report, for the first time in nine editions, billionaires have accumulated more wealth through inheritance rather than entrepreneurship. UBS…

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