Home Economics & PolicyLeading the global one percent

Leading the global one percent
ENAR

by Thomas Schellen

If you are lucky enough to be able to wander around Qatari households, in every seventh you will find a millionaire — at least that’s what the 2013 Global Wealth Report says. Just released by advisory firm Boston Consulting Group (BCG), the report rates the Gulf state at the top of the world for density of households where at least one person has assets of $1 million, at 14.3 percent. Comparatively, if you want to get close to an American millionaire it will take an average of 20 house visits while for Canada the number rises to 35. There is only one conclusion from the 2013 Global Wealth Report: the Middle East isn’t short on blessed folks. Five Arab countries rank among the top 15 nations for the share of millionaire households in the national population in 2012.   Related article: Not enough Arab Billionaires? Qatar (1), Kuwait (3), Bahrain

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