| Published Fri, October 27th 2017 at 03:36, Updated October 27th 2017 at 04:20 GMT +3World's billionaire listThe world’s wealthiest individuals are on a roll, with billionaires in Asia leading the pack. Billionaire wealth increased 17 per cent to $6 trillion (Sh618 trillion) in 2016, after a decline the previous year, UBS AG and PricewaterhouseCoopers said in a report issued Thursday. But don’t shed a tear for the richest folks in the US: American billionaires still control the most wealth at $2.8 trillion (Sh206 trillion). The gain in total billionaire wealth was twice the 8.5 per cent increase of the MSCI AC World Index. Billionaires are a key target segment for UBS, the world’s largest wealth manager, as the bank expects the wealth of ultra-high-net-worth individuals to grow faster than the world average.

Source: Standard Digital October 27, 2017 00:44 UTC