Asia billionaire wealth up 36%; tech, healthcare players pull ahead of peers
Singapore
THE fortunes of Asia's wealthiest have grown more polarising, with billionaires in the booming tech and healthcare sectors pulling ahead of their peers as the Covid-19 crisis accelerates the divergence.
Total billionaire wealth in the region rebounded by 36 per cent to US$3.3 trillion from April to end-July this year, showing signs of a post-pandemic recovery, fresh data from UBS and PwC's annual billionaire report showed on Wednesday.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Government to roll out more support measures should need arise amid Middle East situation: PM Wong
Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta