Multimillionaires added most to their wealth in one country last year

The richest people on the planet just added new members to their exclusive club.

The world’s ultra-high net worth population — individuals with $30 million or more in assets — grew by 3.5% to 226,450 individuals in 2016 after a sharp fall a year earlier, according to new data by global wealth consultancy Wealth-X. Their combined wealth also increased in 2016 by 1.5% to $27 trillion. There were sharp regional fluctuations in dollar-denominated wealth creation last year, with North America (up 5.1%) recording the only significant rise in wealth, followed by Asia (up 3.5%).

“The picture was subdued in Europe, with the ultra wealthy population and its total wealth edging slightly lower, while fortunes remained largely unchanged in the Middle East,” the report concluded.

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