The third emirates among the world's most attractive to the wealthy
The Summit of Arab Wealth 2018 concluded with the participation of 200 decision makers, investment advisors, wealth managers, business owners and private bankers from the UAE and the world. More than 30 experts in global wealth management These challenges are imposed globally on private investment and with the escalating US-China trade war and the impact of the Fed raising interest rate to influence global investment.
According to the Arab Wealth Report, the UAE hosts around 3,820 millionaires with net assets of $ 10 million or more. There are also 1,660 millionaires with a net share of at least $ 30 million and 240 individuals Others have at least $ 100 million.
The report said that the total number of people living in the UAE has net assets of $ 925 billion, about half of which is $ 470 billion, 51% owned by the wealthy. The average per capita income in the UAE is about $ 99,000 per year, .
The UAE ranks third in the most popular countries to attract the wealthy in 2017, with the country attracting 5,000 of the world's well-known wealthy.
The summit touched on the trends and strategies affecting global investment by focusing on the expected decisions with the launch of the Group of 20 in Argentina tomorrow.
"The impact of the US-China trade negotiations at this week's G20 summit and the Fed's decision to raise interest rates will have a major impact on the global investor community and stock markets," said Kai Vanpitserson, global strategist at Saxo Bank, based in Singapore, for delegates attending the Arab Wealth Summit. The United States and China account for nearly 40 per cent of the global economy of $ 87.5 trillion and the annual growth of the US and Chinese economies adds approximately $ 1.7 trillion to the economy. Global.
China is now firmly in second place in the world's wealth hierarchy. Another notable feature of the world's wealth outlook this year is the apparent rise in family wealth in the United States. In the 12 months to mid-2018, global wealth rose by $ 14.0 trillion to $ 317 trillion Which represents a growth rate of 4.6%. This was enough to exceed the population growth so that the wealth of each adult grew by 3.2%, which raised the global wealth to 63,100 dollars per adult, a record, and said that the global financial crisis in 2008-2009 left the world economy worth Dion is 170 Trillion dollar has now inflated to nearly $ 250 trillion.
"The key themes and carefully chosen speakers reinforce the Summit's goal of delivering actionable investment advice. Wealth development comes from investments based on informed decisions. The Arab Wealth Summit is the only platform in the region built from In order to meet the needs of high net worth individuals and investments, since its establishment in 2016, the Summit has set itself up as a unique forum that brings together the wealthy, investors, senior executives and service providers to obtain operational investment advice from the most A.
Former speakers include Mark Mobius, Chairman of the Tembleton Markets Group, Gary Duggan, former Chief Investment Officer at Emirates National Bank and National Bank of Abu Dhabi, Remy A, President of Global Group, and Sharif Wahba, CEO of Global Group and many other prominent investment icons.