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Asia billionaire pool surpasses US; region's income gap not expected to widen

If rate of growth continues, Asia will probably overtake US in billionaires' quantum of wealth: UBS and PWC report

Singapore

FOR the first time, the number of billionaires in Asia has surpassed those in the US - but the issue of a widening income gap between the haves and have-nots in Asia is not a cause for concern, as the trickle-down effect of wealth is said to be felt across all segments.

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