AME.info: Saudi Arabia, Kuwait, Qatar and UAE emerged as four of the top ten countries in the world with the highest density ultra[-]wealthy households. The findings appear in BCG's eleventh annual Global Wealth report titled Shaping a New Tomorrow: How to Capitalize on the Momentum of Change, which was released recently in the Middle East.
According to the study, "ultra-high-net-worth" (UHNW) households, defined as those with more than $100m in AuM, were most highly concentrated in Saudi Arabia registering 18 per 100,000 households. This was followed by Switzerland (10), Hong Kong (9), Kuwait (8), Austria (8), Norway (7), Qatar (6), Denmark (5), Singapore (5) and the UAE (5).
Qatar, Kuwait and UAE also made it to the top ten list in terms of the highest proportion of millionaire household by market with 8.9%, 8.5% and 2.6% millionaire households, respectively. » | Press Release | Thursday, June 02, 2011
