One billionaire pops up nearly every three days in Asia, and 50 percent of them are from China, according to a new report by Switzerland's UBS and advisory group PricewaterhouseCoopers (PwC) on global billionaires in 2015 released on Thursday (Oct. 13).

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China accounted for nearly three-quarters (71%) of Asia's new billionaires last year, doubling the number at 35 percent in 2009. 

The report, which covered over 1,300 billionaires over the last two decades, further revealed that at least 80 of the 113 Asian entrepreneurs who hit the billionaire mark in 2015 were from China. This is over 50 percent of the world's total count, which means at least one billionaire pops up in China every five days, the Business Insider reported.

The average age of China's new billionaires was 53, according to the Global Times. And nearly half of these came from the fields of technology (19%), consumer and retail (15%), and real estate (15%).

"E-commerce businesses are in the ascendancy. At the same time, many of the country's wealthy are diversifying out of their existing businesses into real estate," UBS-PwC wrote."Moreover, China's urbanization and increasing consumer spending have fostered an environment where businesses are growing fast."

In spite of the decrease of $300 billion in overall global billionaires' wealth year on year, the recent report emphasized China's strong momentum of new billionaires amid overall tough scenery, Reuters reported.

The recent figures also resonate with Forbes' August report that listed China as the country with the second most tech billionaires.

Other Asian countries, namely, Hong Kong and India, also have the highest number of new billionaires with 11 each, the report noted.

Tagsbillionaires, china, Chinese Billionaires, UBS, PriceWaterhouseCoopers, Chinese wealth, Chinese Economy