China Birthed One Billionaire Every Five Days Last Year

In a recent report by PwC and UBS, it's been found that for the first time ever there are more billionaires in China (637) than in the U.S. (538). In 2016 alone, China added 67 new billionaires, which is about one every five days. John Matthews, a co-author on the report told Business Insider that one major driver of wealth in Asia was technology -- which is deployed and integrated better in Asian countries even though they are usually first conceived in the U.S. "Asia is the land of implementat...