American Dominance in Tech Wealth Creation Upended by Asian Wave (2 minute read)
According to the Bloomberg Billionaire Index, the last few years has seen a change among the top 10 self-made billionaires under the age of 40. In the past, the list was dominated by people from the US, but in 2018, 4 of the top 10 were from China, 2 were from Australia, and only 3 were from the US. The changes are likely due to the rise of Chinese technology companies. Of the 500 total people on the list 41 are now from China, compared to 31 at the end of 2016.