United Arab Emirates has, for the first time, broken into the top 20 list with most billionaires in the country.
It ranked 19 on the Hurun Global Rich List of 2017, being home to 21 mega-rich individuals.
“The world today has 5,000 dollar billionaires, assuming that for every one we have found we have missed at least one”
Ruper Hoogewerf, Hurun’s chairrman and lead researcher
China is at the top of the list with over 600 billionaires
China remains at the top, with an increase of 41 last year, resulting into 609 billionaires. Making the US come second on the list with an 11 percent increase.
USA’s richest man Bill Gates saw an increase of 1 percent in wealth
Bill Gates, co-founder of Microsoft, is now valued at US$81 billion, whereas Warren Buffett comes second with US$78 billion.
The one with the highest increase was Jeff Bezos, who saw a 37 percent rise in wealth ranking him in third for his entrepreneurial ties.