By Natasha Li / Staff reporterEleven people were added to the ranks of Taiwanese billionaires last year, while six dropped from the list, leaving a total of 40, a 14 percent rise from 2017, UBS Group AG and PricewaterhouseCoopers (PwC) said in a report yesterday. Among them, three were “self-made” billionaires, with the others inheriting firms or wealth, the report said. The average age of Taiwan’s billionaires was 69, while the global average was 64, he said. Taiwan’s billionaires remained predominantly male, with only one female, the report said. “This phenomenon is most visible in Asia, where 57 percent of female billionaires are self-made,” Watanabe said, adding that about 40 percent of them made their money in the consumer and retail industries.

Source: Taipei Times November 08, 2019 16:04 UTC