Bloomberg's Billionaires index indicated that the top 67 billionaires added more than $1 trillion to their wealth in 2017, more than four times last year's gains.
The world's richest person, Amazon (AMZN) CEO Jeff Bezos, saw his wealth balloon by $34.2 billion as he took over the top spot from former Microsoft (MSFT) CEO Bill Gates. Bezos' net worth sits at about $99.6 billion, according to Bloomberg. Gates has a fortune of about $91.3 billion.
As of the end of trading Tuesday, the world's 500 billionaires controlled $5.3 trillion, up from the $4.4 trillion they controlled last year.
The 38 Chinese billionaires on Bloomberg's list added $177 billion in wealth last year, a 65% increase that was the largest of the 49 countries represented. That increase was led by China Evergrande Group founder Hui Ka Yan who added nearly $26 billion to his wealth last year.
Meanwhile, Ma Huateng, co-founder of messaging service Tencent Holdings Ltd. (TCEHY) , became Asia's second richest person after his wealth nearly doubled to $41 billion last year.
The number of Asian billionaires surpassed the U.S. for the first time in 2017, according to a UBS Group AG, PricewaterhouseCoopers report.
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