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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?
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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
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
Most Upvoted Answer
Which Continent has more billionaires at present according to UBS AG r...
Continent with the most billionaires according to UBS AG report:
Africa
North America
Asia
South America
Australia
Asia has the most billionaires according to the UBS AG report. Asia is home to a significant number of billionaires, with countries like China and India producing a large number of wealthy individuals. The rapid economic growth and development in many Asian countries have created opportunities for wealth accumulation, leading to a high concentration of billionaires in the region.
Some key factors contributing to the high number of billionaires in Asia include:
- Rapid economic growth: Many Asian countries have experienced rapid economic growth in recent years, creating opportunities for entrepreneurs and investors to accumulate wealth.
- Entrepreneurial spirit: Asia has a strong culture of entrepreneurship, with many successful business leaders emerging from the region.
- Investment opportunities: Asia offers a wide range of investment opportunities, including real estate, technology, and manufacturing, which have helped individuals build significant wealth.
Overall, Asia's economic growth and entrepreneurial spirit have contributed to the region having the highest number of billionaires according to the UBS AG report.
Africa
North America
Asia
South America
Australia
Asia has the most billionaires according to the UBS AG report. Asia is home to a significant number of billionaires, with countries like China and India producing a large number of wealthy individuals. The rapid economic growth and development in many Asian countries have created opportunities for wealth accumulation, leading to a high concentration of billionaires in the region.
Some key factors contributing to the high number of billionaires in Asia include:
- Rapid economic growth: Many Asian countries have experienced rapid economic growth in recent years, creating opportunities for entrepreneurs and investors to accumulate wealth.
- Entrepreneurial spirit: Asia has a strong culture of entrepreneurship, with many successful business leaders emerging from the region.
- Investment opportunities: Asia offers a wide range of investment opportunities, including real estate, technology, and manufacturing, which have helped individuals build significant wealth.
Overall, Asia's economic growth and entrepreneurial spirit have contributed to the region having the highest number of billionaires according to the UBS AG report.
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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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