The Rich Get Richer, Says Latest Billionaire Report

Investing.com – The latest billionaire insights have been released by UBS and PwC.
In 2016, the total number of billionaires rose 10%, to 1,542 with a total wealth of $6 trillion – up from $5.1 trillion.
The gain in total billionaire wealth was twice the 8.5% increase of the MSCI AC World Index.
70% of billionaires are self-made, like Facebook (NASDAQ:)’s Mark Zuckerberg or Tesla (NASDAQ:)’s Elon Musk.
Combined, companies owned by billionaires employ at least 27.7 million people.
The average age of billionaires today is 63.
Chang Yun Chung, a Singaporean shipping magnate, is the world’s oldest billionaire at age 98.
Alexandra Andresen, a Norwegian heiress, is the youngest billionaire, at age 21.
Asia has the most billionaires, surpassing the USA for the first time. Europe has a lot of old money.
Overall, American billionaires – led by Gates, Bezos, and Buffett – still have the most money…At least for now.

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