Dubai has the most millionaires in the Middle East, with 72,500 people having a million dollars or more. It’s also ranked as the 21st richest city in the world. In the last ten years, the number of millionaires in Dubai has gone up by 78%, which is a lot! This info comes from Henley & Partners and New World Wealth, groups that watch how rich people’s money moves around the world.
In Dubai, there are also 212 people who have over $100 million in assets they can invest, and 15 billionaires too. That’s some serious wealth!
Abu Dhabi, the capital of the UAE, is also becoming a place where a lot of rich people live. There are 22,700 millionaires there! In the past ten years, that number has gone up by 75%. There are also 68 people who have over $100 million and 5 billionaires.
Another city, Sharjah, has seen a big increase in millionaires too. In the last ten years, the number of millionaires there has gone up by 95%! Right now, there are 4,100 millionaires and 11 people who have over $100 million. But there are no billionaires there yet.
In Saudi Arabia, Riyadh, the capital, has also seen more millionaires over the last ten years. There are now 18,200 millionaires there, along with 67 people who have over $100 million and 8 billionaires. Jeddah, another big city in Saudi Arabia, has 7,500 millionaires, 32 people who have over $100 million, and 8 billionaires. That’s a lot of rich people in these cities.
