Asia-Pacific's billionaire population tumbled last year (via CNBCMakeIt)
According to Wealth-X, global billionaire wealth fell 7% in 2018 and the overall billionaire population dropped 5.4%, marking just the second such falls in billionaire numbers since the 2008 financial crisis.
was the only region to record growth, with its billionaire population rising 3%. U.S. billionaires especially benefited from higher interest rates and the Trump administration's tax reform package, the report noted.Despite this year's losses, the Asia-Pacific region remained home to four of the top 15 countries based on their billionaire populations.
China continued to boast the world's second-largest billionaire pool after the U.S. With 285 billionaires enjoying a total wealth of $996 billion, the world's second-largest economy ranked well above third-placeHong Kong, a semi-autonomous region of China, ranked as the seventh most populous country for billionaires. With 87 billionaires, it also ranked as the second
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