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Kuwait has second highest number of millionaire families in GCC

Kuwait has the second highest number of millionaire families among the GCC nations and fifth highest internationally, with 9 percent, wherein 99,000 families are millionaires.

Kuwait also has seventh highest number of families with net fortune more than $100mn, which implies about 990 families are worth $100mn.

As per the report issued by the Boston Consultancy Group on countries’ fortunes, Qatar was the first in category of highest number of wealthy families among GCC nations, with 17.5 percent, followed by Kuwait with 9 percent, Bahrain with 5.9 percent, Oman with 3.7 percent, UAE with 3.3 percent and Saudi Arabia with 3.1 percent.

Qatar also topped the global list of highest number of wealthy families, while Kuwait came fifth globally, followed by Bahrain in sixth position, Oman tenth, UAE 12th and Saudi Arabia 13th.

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