Banking & Finance
MENA billionaire population grows 24%

Billionaire wealth in the region grew to $165bn last year
The firms said in their Billionaires Insights report that the number of billionaires in the region grew to 52 last year, while their total wealth grew by 15 per cent to $165bn.
Self-made billionaires were found to account for 75 per cent of the regional billionaire population compared to 68 per cent in the United States and 80 per cent in Asia Pacific.
Globally, billionaire wealth grew by 19 per cent to $18.9 trillion shared across 2,158 individuals.
The fastest growing group was Chinese billionaires, which expanded their wealth by 39 per cent to $1.12 trillion.
However, the Americas region was still home to the largest concentration of billionare wealth led by the US, where it grew 12 per cent to $3.1 trillion.
“Over the last decade, Chinese billionaires have created some of the world’s largest and most successful companies, raised living standards,” said UBS Global Wealth Management head of ultra high net worth Josef Stadler.
“We are experiencing a new wave of entrepreneurship worldwide, with billionaires at the vanguard of innovation. They are creating jobs and prosperity, but their impact goes beyond economics. A new generation is emerging, and they see an opportunity to tackle some of the greatest environmental and societal challenges facing humankind.”
-
Banking & Finance4 weeks ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, May 25
-
OER Magazines2 months ago
OER, May 2025
-
Bahrain4 weeks ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance2 months ago
United Finance Company: Strategically Serving Oman’s Auto Market with Faster, Customer-First Solutions
-
Insurance2 months ago
Liva Insurance Sets New Benchmark with ‘Innovative Insurer of the Year’ Award at the New Age Banking Summit 2025
-
Banking & Finance2 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
You must be logged in to post a comment Login