We round up a list of the top 10 multi-billionaires in Asia, and see how the nouveau rich spend their money
According to the wealth management unit of the Royal Bank of Canada, Asia is set to lead the world in the number of millionaires and their total wealth - in 2012 alone, there were 3.68M millionaires in Asia. In Singapore, 8.2% of the 5.4M population are millionaires.
The growth of the newly rich has been so exponential that being a millionaire is becoming more commonplace. In that light, we've decided to focus on the cream of the crop - the top 10 multi-billionaires in Asia. According to a 2013 Ultra Wealth Report done by UBS AG and Wealth-X, there are currently 386 billionaires in Asia who are set to surpass those in Europe and the U.S. by 2021 and 2032 respectively - could it one of the people on our list?
Does having a crazy amount of money translate into ostentatious displays of wealth? We round up a list of the top 10 richest billionaires in Asia, and see how they spend their money…
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