1. U.A.E.
Expected Net HNWI inflows 2022: 4,000 Resident HNWIs 2022: 92,600
The U.A.E. is expected to attract 4,000 additional HNWIs—an increase of 208% compared to 2019’s 1,300. Total private wealth in the U.A.E. is estimated at $966 billion. This is partly thanks to wealthy Russians escaping from sanctions and flocking to the U.A.E., encouraged by the lifestyle, flexible visa program, and political neutrality. The U.A.E.’s richest person is a Russian-born expat— Telegram’s founder and owner, Pavel Durov with a net worth of $15.1 billion as of August 15. The International Monetary Fund expects the U.A.E.’s GDP per capita in current prices to rise 17.4% this year to $50,350, while real GDP is projected to grow by 4.2% in 2022 from 2.3% in 2021.
2. Australia
Expected Net HNWI inflows 2022: 3,500 Resident HNWIs 2022: 395,400
This story is from the September 2022 edition of Forbes Middle East - English.
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This story is from the September 2022 edition of Forbes Middle East - English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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