EDITOR'S CHOICE: Billionaires' Wealth Grew At Record Pace In 2017; China In The Fast Lane - Study

Editorial Staff

2 November 2018

Figures showed that the world's billionaires are getting richer. Big deal, one might say. But the statistics certainly conveyed how far and fast China's billionaire ranks are expanding, and shed light on the dynamics of the top end of the ultra-high net worth market. It is really no surprise at all that wealth managers are chasing the Asian wealth story - or at least some of them who are able to get scale and profitability right are doing so. The choice of article for this week is a study by UBS and PwC.