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UAE has 79,000 millionaires
- United Arab Emirates: Wednesday, June 25 - 2008 at 07:04
The number of millionaires living in the UAE jumped 15.3% from 68,000 in 2006 to 79,000 last year, according to the latest World Wealth Report by Merrill Lynch and Capgemini. Overall, the wealth of the world's High Net Worth Individuals increased 9.4% to $40.7tr in 2007, driven by market capitalization growth in emerging economies. In the Middle East, the HNWI population had the highest gains, expanding by 15.6%. with a 17.5% gain in wealth, reported Gulf News.
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Jeff Florian, Senior ReporterWednesday, June 25 - 2008 at 07:04 UAE local time (GMT+4)
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