According to Knight Frank's 2020 wealth report, the UAE will host 62 billionaires in 2019, with a growth of 77% compared to 35 billionaires in 2014, while it is expected That the number of billionaires in the country increase by 8% to 67 people in 2024.
The number of high net worth individuals with $ 30 million and more increased by 5% in 2019 to 1,681, or around 77, compared to 1,604. In 2018, their number increased by 14% compared to 1471 individuals in 2014, and their number is expected to increase by 24% during the year 2024 to 2079 individuals.
The number of individuals with small fortunes who own a million dollars and more amounts to 197565 individuals, an increase of 14797 individuals, an increase of 8% compared to 182768 individuals in 2018, while Their number increased by 36% compared to 145,433 individuals by the end of 2014. Their number is expected to increase by 21% to 23,834 individuals by the end of 2024.
The UAE ranked 29th in the world in terms of the number of high net worth individuals who possess 30 million dollars and more, while the United States ranked first With 240.6 thousand people, then China 61.6 thousand people, then Germany with 23.1 thousand people and Japan with 17 thousand people.
