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A report reveals the presence of 174,000 millionaires in Kuwait
Kuwait is ranked 17th among the world's richest countries, with 174,000 people outnumbering one million dollars in 2017, up 9 percent from 159,000 in 2016.
According to the Global Wealth Report 2018 issued by the French information technology consultancy Capgemini, the rise in the number of HNWIs in Kuwait was due to a 5.6% growth in capital, despite the country's decline in GDP by about 2.5% Due to the sharp drop in oil prices and the real estate market falling by 3.3 percent.
The United States topped the global list with more than 5 million millionaires, followed by Japan in second place with 3.162 million millionaires, Germany with 1.28 million millionaires and China with 1.256 millionaires.
The recent improvement in the global economy has contributed to the growth of net wealth of the world's wealthy to exceed the threshold of $ 70 trillion in 2017, an increase of 10.6 percent. The Asia-Pacific region and North America recorded nearly 74.9 percent Of the global increase in the number of HNWIs, an estimated 1.2 million new rich, and nearly 68.8 percent of global wealth growth of about 4.6 trillion.
The report said that the region of Europe achieved a strong performance in 2017 by recording about 7.3 percent of global wealth growth.
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