Asia-Pacific's billionaire population tumbled last year [CNBC]
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Source: CNBC
Asia-Pacific's billionaire population tumbled last year The Asia-Pacific region's billionaires suffered major losses last year, with their overall wealth and total numbers falling at the greatest rate globally. The region saw its billionaire population fall by 13% and their total wealth tumble by 8% in 2018, according to data firm Wealth-X's 2019 Billionaire Census. That translates to a loss of 109 billionaires in Asia-Pacific and a $212 billion drop in their total combined wealth. Those falls were led by the region's four most populous countries for billionaires: China Hong Kong India Singapore The findings mark a reversal of fortunes from 2017, when the region minted more ultra-wealthy individuals than any other. Weaker performances for stock markets, the ongoing U.S. tariff dispute U.S. dollar 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
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