The report of the New World Wealth Foundation, which specializes in wealth-related studies, showed that the United Arab Emirates is at the forefront of the value of private wealth owned by the population in the Middle East in 2021, with a volume of $870 billion, then Saudi Arabia with a value of $542 billion. The number of millionaires in Saudi Arabia and the United Arab Emirates reached about 123.8 thousand millionaires, with wealth exceeding $1.42 trillion.
The report estimated total private wealth in the region at about $4.3 trillion, with the number of rich people (who own one million dollars or more) about 390,000 people living in the Middle East, 18.2 thousand millionaires who own $10 million or more, and 970 millionaires in the Middle East owning $100 million or more, while 75 billionaires have net assets of $1 billion or more.
Turkey came in fourth place with a total wealth of 482 billion dollars, with 31.6 thousand millionaires who own one million dollars or more, while the number of those with 10 million dollars or more reached 1580 people and 10 billionaires.
Despite its economic problems, Iran came in the fifth place in the Middle East region, surpassing countries such as Kuwait and Qatar, with a wealth of $395 billion, and the number of Iranian millionaires reached 25.8 thousand millionaires, and the number of those with 10 million dollars or more reached 1040, and there are 4 billionaires according to the report. Qatar came in sixth place, with a wealth of 202 billion dollars, with 22.5 millionaires, and the number of those who owned 10 million dollars or more was 960 people, whereas the report estimated the presence of 3 billionaires.
Source (Al-Arabiya.net website, Edited)
