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Number of Asian Billionaires Surpasses U.S. For the First Time

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Soaring real estate prices in China helped fuel an increase in Asian billionaires, who now outnumber their American counterparts for the first time, according to a report Wednesday. The number of Asian billionaires rose by one-quarter in 2016 to 637, compared to 563 billionaires in the United States and 341…

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