Saturday 1 October 2016
 
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millionaires

Global middle class wealth ‘to grow 38pc in 5 years’

Global middle class wealth could reach $345 trillion by mid-2020, 38 per cent above its mid-2015 level, said a Credit Suisse report, adding that the number of millionaires could increase by 46 per cent during the period, reaching 49.3 million.

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Global wealth ‘to hit $345trn in 5 years’

Global wealth could reach $345 trillion by mid-2020, 38 per cent above its mid-2015 level, said a Credit Suisse report, adding that the number of dollar millionaires could increase by 46 per cent during the period, reaching 49.3 million.

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330,000 millionaires in Mena region

The Middle East and North Africa (Mena) region accounted for about 330,000 millionaires in 2015 and the number is projected to rise by another 52 per cent to 500,000 adults by 2020, according to a report. Household wealth in the M

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Luxury brands eye prospects as millionaire numbers surge

A surge in the number of millionaires and a shift in luxury consumer behaviour in emerging markets in the coming decade present opportunities for brands that serve the wealthy, according to a new report. About $4.1 trillion will b

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Luxury brands eye prospects as millionaire numbers surge

A surge in the number of millionaires and a shift in luxury consumer behaviour in emerging markets in the coming decade present opportunities for brands that serve the wealthy, according to a new report. About $4.1 trillion will b

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Bahrain ranks global second in density of millionaires

Bahrain has the world's second-highest density of millionaires with 123 out of every 1,000 households holding private wealth greater than $1 million, according to a new report. The Boston Consulting Group (BCG)'s "Glo

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Bankers test technology to attract millionaires

No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. Technology is likel

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Wealth growth in the GCC outpaces global increase

Wealth growth in the GCC has outpaced global growth since 2000, a report said, highlighting that aggregate wealth per adult in the GCC grew by 236 per cent against 125 per cent for the world. Wealth per adult in the GCC has grown

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Qatar tops the world in millionaire density

Qatar ranks first in the world with the highest density of millionaires, with 17.5 percent holding private wealth of at least $1 million, according to a new report. Kuwait is fifth with 9 per cent, while Bahrain (5.9pc) secured th

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GCC luxury spending spree 'on the rise'

GCC nationals spend 260 per cent more on airfares against other nationalities, with between 40-60 per cent booking business class travel, said an industry expert, adding that the number of millionaires in the UAE is set to grow at 12 per cent an

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