Kuwait Local Time

Latest Kuwait News

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.

comments powered by Disqus

Recent Articles

New rule mandates recruitment of Kuwaitis in private sector

Issuance and renewal of driving licenses to go online soon

New rule mandates salary of KD500 or more for visit visas

Longest bridge in the world to be ready this year

Slashing of expat numbers likely to hit economic growth

New decision to stop expat transfer if job title does not match degree

Parents and In-laws allowed three months stay on visit visa

Indian Government defers pre-departure registration for ECNR passport holders

Kuwait plans to slash expat numbers

Kuwait CSC plans to replace expats with nationals in 3140 jobs

 

Top