HONG KONG -- With 162 newcomers joining the billionaire club in 2016, the Asia-Pacific region has surpassed the U.S. for the first time as the home of the world's super-rich, according to a study released Thursday by the Swiss private bank UBS and global accounting firm PricewaterhouseCoopers.
With people joining the ranks of the fabulously wealthy at a rate near one every other day, the region accounted for 41% of the world's billionaires in dollar terms last year. China accounted for 62% of the newcomers, followed by 12% in India and 12% in Russia.
