Asia has the most billionaires says Hurun

There are more billionaires in Asia than any other continent according to a survey by China-based wealth magazine the Hurun Report.

Asia was way in front with 608 billionaires, according to the luxury magazine publisher, with North America second on 440 and Europe in third with 324.

Among individual countries, the US and China dominated with 408 and 317 citizens respectively on the list, followed by Russia, Germany and India.

Huruan ranked Mexican telecoms kingpin Carlos Slim as the Richest Man on the Planet with a personal fortune of $66 billion.

US investor Warren Buffett and Spain's Amancio Ortega were second and third in the Hurun Report list, which estimated the total wealth of the world's dollar billionaires at $5.5 trillion.

"This past year has seen a rebound in the wealth of the private sector," Hurun said, adding the net assets of the 10 richest people on the list rose $250 million a day.

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