Number Of Kuwaiti Millionaires On The Rise

The number of high net worth individuals (HNWIs) is on the rise in Kuwait, ranking second in the GCC and 17th worldwide.

Kuwaiti nationals owning at least one million dollars increased by eight per cent to stand at 188,000 millionaires last year, up from 174,000 in 2017.

According to The World Wealth Report 2019, published by Capgemini, the number of millionaires soared by seven per cent in Saudi Arabia, which topped the GCC and ranked 16 in the world.

In Saudi Arabia, wealth increased by four per cent, respectively compared with six per cent for Kuwait. The number of (HNWIs) in Saudi Arabia increased from 179,000 in 2017 to 191,000.

The number of (HNWIs), as well as their wealth, declined in the UAE last year and dropped by six per cent due to a fall in market capitalisation, while wealth shrank by nine per cent.

The top countries per (HNWI) include USA, Japan, Germany, China,  France, UK, Switzerland, Canada, Italy, Australia, Netherlands and India.

Comments Post Comment

Leave a Comment

Submit