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Which Continent has more billionaires at present according to UBS AG report? 
  • a)
    Africa
  • b)
    N.America
  • c)
    Asia
  • d)
    S.America
  • e)
    Australia
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which Continent has more billionaires at present according to UBS AG r...
Answer – 3. Asia
Explanation

As per a report by UBS AG and Pricewaterhouse Coopers, Asia now has more billionaires than US, for the first time. In 2016, combined wealth of billionaires across the world increased 17 percent to $6 trillion. During 2016, 117 Asians entered the billionaire club for the first time, taking the total of billionaires in Asia to 637. Billionaire headcount for US stands at 563. Although Asia has surpassed U.S. in terms of number of billionaires, US billionaires still possess the greatest amount of wealth at $2.8 trillion
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Which Continent has more billionaires at present according to UBS AG report?a)Africab)N.Americac)Asiad)S.Americae)AustraliaCorrect answer is option 'C'. Can you explain this answer?
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