UAE'S MILLIONAIRE POPULATION SURGES 15.3%
(ANSAmed) - DUBAI, JUNE 25 - The UAE's millionaire population
surged 15.3 per cent from 68,000 in 2006 to 79,000 last year,
making it one of the countries that has highest growth personal
wealth, according to the latest World Wealth Report by Merrill
Lynch and Capgemini.
Driven by market capitalization growth in emerging economies,
the wealth of the world's High Net Worth Individuals (HNWIs)
increased 9.4 per cent to $40.7 trillion in 2007, according to
the 12th annual World Wealth Report. The number of HNWIs in the
world increased 6 per cent in 2007 to 10.1 million, while the
number of ultra high net worth individuals (Ultra-HNWIs)
increased by 8.8 per cent.
For the first time in the history of the Report, the average
assets held by HNWIs exceeded $4 million, Gulf news reports. In
the Middle East, the HNWI population had the highest gains,
expanding by 15.6 per cent with a 17.5 per cent gain in wealth.
The number of HNWI's in Saudi Arabia now stands at 101,000, up
from 90,000 in 2006, with a combined total wealth of $182
billion. The number of HNWI's in the UAE now stands at 79,000
with a combined total wealth of $91 billion. (ANSAmed).
2008-06-25 17:52