- Across the region, the population and wealth of HNWIs witnessed a growth of 13.2% and 17.2%
- The number of millionaires in Saudi Arabia and the UAE has grown almost at par
The population of high net worth individuals (HNWIs) grew 6.8 percent to 0.8 million while their wealth grew 10.7 percent to $3.2 trillion in 2020, the World Wealth Report 2021 released by Capgemini Research Institute has revealed.
The number of millionaires in Saudi Arabia and the UAE has grown almost at par: The population and wealth of millionaires in Saudi Arabia grew by 3.3 percent and 5.4 percent, respectively.
In the UAE, the population of millionaires grew by 3.4 percent and their wealth by 5.3 percent
Incidentally, Iran was a significant contributor to the millionaires club with population of ultra-HNWI and wealth advances registering a 24.5 percent and 27.3 percent growth, respectively.
Across the Middle East, the population and wealth of HNWIs witnessed a growth of 13.2 per cent and 17.2 per cent, respectively.
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