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Mideast, Africa wealth jumps to $4.8trn in 2012Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in 2012, a study by the Boston Consulting Group (BCG) showed, as strong economies and rising equity markets fuelled regional gro More… |
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Qatar has highest density of millionairesQatar has the highest concentration of millionaires in the world with 143 out of every 1,000 households having private wealth of at least $1 million, according to a new report from Boston Consulting Group. The More… |
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450,000 millionaires in MideastThe number of millionaires rose 2.7 percent to 450,000 in the Middle East, while weakening economies that roiled markets last year took their toll on the world's rich. Asia for the first time had more millionaires than North America, accor More… |
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8,000 millionaires in Bahrain says studyBahrain is fourth in the Gulf in number of millionaires per population pro-rata, said a study on wealth list by American Investment House, adding that the number surpassed 8,000. The study also affirmed that Bahrain’s financial position ha More… |
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Facebook IPO to create 1,000 millionairesThe much anticipated initial public offering of Facebook could create at least a thousand millionaires and has sparked dreams of riches and adventure. The IPO, in 2012, is expected to value Facebook at as much as $100 billion, whic More… |
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Asia to add 1.66m super rich by 2015Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world's fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wedne More… |
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Middle East millionaires' wealth totals $1.7 trillionThe number of millionaires in the Middle East swelled 10.4 per cent in 2010 to 400,000, while their wealth jumped 12.5 per cent to $1.7 trillion, a report said. Meanwhile, the ranks of millionaires in Asia for the first time surpassed Eur More… |
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Gulf states top rich, super-rich listsQatar, Kuwait, and the UAE are among the top six countries that have the highest concentration of millionaire households, while Saudi Arabia topped the list for ultra-high-net-worth households, said a report. Singapore continued More… |
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India 'minting new millionaires'India is minting new millionaires at a faster pace than anywhere else in the world, buoyed by a fast-growing economy, according to a new study. There were an estimated 123,000 millionaires in India at the end of last year - 22.7 per cent m More… |
