Billionaires in Asia faced the steepest drop in membershipin 2022 at 7.1 percent, more than any other region, according to data firm Wealth-X Analytics. This decline, when contrasted with North America's modest 2.3 percent dip, reflects a year of heightened economic volatility.South Korea and Taiwan's tech sectors bore the brunt of Asia's decline, while market sentiment was constrained by China's stringent zero-COVID policy, the report explained.Against a backdrop of global unrest, a surge in inflation and a shift in the geopolitical order, the turbulence of last year proved taxing for global wealth preservation.

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