ISLAMABAD: The number of billionaires around the world has risen by 155 to 2,325, a 7% increase, according to the Wealth-X and UBS Billionaire Census 2014 released on Wednesday.
The total wealth of all billionaires worldwide grew 12% to $7.3 trillion, which is greater than the combined market capitalization of all the Dow Jones Industrial Average companies.
According to the report, Europe has the most billionaires (775), with a total worth of $2.37 trillion. North America, which led the field in 2013, has been pushed into second place this year.
Asia boasts the fastest growth, however. From 2013 to 2014, the region posted an 18.7% increase in the number of billionaires. Thirty percent of the net increase in worldwide billionaire wealth so far this year comes from Asia.
In 2014, fifty two new billionaires have joined the super-rich club in Asia, with 33 of them from China.
If measured by country (rather than region), the United States is still in first place with 571 billionaires, followed by China with 190, the UK with 130, and then Germany with 123. This year, the UK pushed Germany into fourth place.