“Substantial numbers of the world’s high net worth individuals (HNWI) and ultrahigh-net-worth individuals (UHNWI) are located in the Middle East, and those numbers are growing. Management consultant Capgemini estimates that the region’s high-net-worth population increased by 6.8% in 2020 while their wealth increased 10.7% to reach $3.2 trillion. The Middle East ranks fourth globally for its HNWI population and fifth in HNWI wealth.”

–Mark Townsend, contributor to Global Finance, discussing how the ranks of the wealthy continue to grow in the region. [Global Finance]