USA : home to the world’s billionaires

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The USA is claimed to be the home of the most billionaires in the world at a grand total of 563 billionaires according the new report by the Switzerland-based bank UBS.

The 563 US billionaires now control a total of USD $2.8 trillion which makes it the world’s largest concentration of billionaire wealth.

The report shows that there are 1,542 billionaires in the world.

It is said that the total billionaire wealth in Asia could surpass the US billionaires in the next four years if the current trends continue.

Singapore stands to be the country with the least number of billionaires at a total of 21. Moreover, the United Kingdom is in 7th place on the list with 55 billionaires therefore following behind Russia in 5th place with 96 billionaires.

India and China are growing in terms of number of billionaires as the countries added 16 and 67 more billionaires to their ranking since 2016, according to UBS.