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Rising Personal Wealth in Oil-Producing Countries
10/21/2011

A report issued by the Swish bank Credit Swiss sheds lights on the sharp increases of personal wealth in the oil producing countries. Between January 2000 and mid-2011 Qataris enjoyed the greatest wealth accumulation, averaging $146,620 per capita, an increase of 456%. They were followed in second place by Kuwaitis with average wealth of $134,590 per capita, an increase of 156% and by the Emaratis in third place with $115,770 per capita, an increase of 104%. Saudi Arabia ranked fourth with per capita wealth of $35,900, an increase of 56%. Surprisingly, Egypt came fifth among countries in the Middle East and North Africa with average wealth of $10,420 per capita, an increase of 47%.

Switzerland registered the highest level of wealth per capita at $540,000 while the average wealth per capital worldwide was $51,000.

France has the largest number of millionaires in the world at 2.6 million while Britain and Germany have the largest number of millionaires worth $100 million and over.

Al-Watan (KSA), October 20, 2011

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