Despite the uncertainty roiling global financial markets, the real estate barons of the world are doing relatively well in 2016. Twenty-two people made the FORBES Billionaires List for the first time this year thanks to their real estate holdings, bringing the total number of the property-rich on the Forbes list to a whopping 184.
The majority of these uber-wealthy folks (we’re counting those who owe at least part of their fortunes to real estate) hail from the Asia-Pacific region, which boasts a collective 99 billionaires. Of that total, 42 are from China, 25 from Hong Kong, seven from India and six from Singapore.
The United States, with 44 billionaires, boasts the most property tycoons of any nation in the world. On a regional basis, Europe is far behind Asia and the U.S. with 31 billionaires, while the Middle East and Africa have a combined eight real estate billionaires.
Notably, the fortunes of 50 Asian tycoons–half of those from that region–dropped year-over-year compared to 2015. Twenty-four, or about a quarter of the total, saw their fortunes rise, while nine were flat year-over-year. Twelve people in the Asian-Pacific nations joined the Billionaires List for the first time while four returned to it. Every single one of the new billionaires and returnees in Asia were from China or Hong Kong.
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