North America – the region with the most billionaire wealth in 2013 – overtaken by Europe in terms of billionaire wealth. 155 new billionaires were minted this year, pushing the global population to a record 2,325 – a 7% rise from 2013, according to the second Wealth-X and UBS Billionaire Census 2014, one of the … Read more
Statistical Profile of the Middle Eastern UHNWI For most ultra high net worth individuals (UHNWIs) in the Middle East, the oil sector is not the source of their wealth, says Wealth-X’s “Profile of the Middle Eastern UHNWI”, a a statistical profile of the average Middle Eastern ultra high net worth individual (UHNWI) based on proprietary … Read more
According to Forbes Middle East, Arab billionaires rankings, the total wealth of the region’s billionaires rose to $121.3bn from last year’s figure of $117.6bn. Saudi Arabia and Lebanon led the way on the list with eight billionaires each. Topping the ranking was Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud with an estimated fortune of … Read more