China added two new billionaires a week last year; wealth of world's ultra-rich soared too
ZURICH: China produced two new billionaires a week last year as the fortunes of the world's ultra-rich soared by a record amount, Swiss banking giant UBS and auditors PwC said Friday.
Billionaires' wealth enjoyed its greatest-ever increase in 2017, rising 19 per cent to $8.9 trillion ($7.8 billion euros) shared among 2,158 individuals, said the report.
FEKU has made his Master Ambani the richest man in Asia. Hard to find such loyal sl ves these days.
The Arm Chair Critic
wow....good....this is the result of sensible people at the helm and hard work of the individual.....accolades!!!
What about India! Because of tax cheaters in large number the count may not show up as against really exists
Falling Yuan and these rich holding wealth in $ :D India too declared addition of Millionaire :D In fact Chinese economy in Trouble with slow down due to trade war :D
I am not convinced with this news. chinas market is all time low since last 18 months. daily people are removed from the jobs. now China is about to face economic crises if this scenario continues.