MILLIONAIRES CONTROL 42% OF ALL WEALTH IN THE UAE

ASSETS OF RESIDENTS OF THE UAE, WHICH CAPITAL EXCEEDS US $ 1 MILLION, IS 42% OF THE TOTAL WELL-BEING OF THE COUNTRY, SAYS IN THE NEW WORLD WEALTH RESEARCH. AVERAGE WORLDWIDE THIS INDICATOR IS 35%. It is worth noting that in other countries of the Gulf, Millionaires have even greater control over the wealth of their countries: SO, IN SAUDI ARABIA THIS INDICATOR IS 58%, IN QATAR - 48%. BETWEEN THERE, RUSSIA BECAME A LEADER OF RATING, WHERE MILLIONAIRE CONTROL 62% OF NATIONAL WEALTH, AND BILLIONAIRS - 26%.
According to the New World Wealth report, if millionaires control over 50% of the country's wealth, this causes difficulties with the formation of the middle class. In the UAE, 72 thousand people live, whose fortune exceeds US% 1 million. At the same time, their number is constantly growing, due to the high productivity of the local real estate market.