UAE’s multi-millionaire population reaches 55,700 in 2016.

The UAE is slowly adding more multi-millionaires back to its wealthy population, with the number of high-net-worth individuals (HNWIs) reaching 55,700 in 2016 after plunging from a recent peak. The 2017 World Wealth Report released on Thursday by business consultancy Capgemini, showed that about 400 people joined the ranks of the UAE’s wealthy between 2015 and 2016.

The UAE’s rich population, which collectively holds US$ 195.3 billion in private wealth as of the latest analysis, had earlier slumped to 55,300 in 2015 from a recent high of 65,500 in 2014.