UAE among top 10 countries with biggest millionaire concentration

The UAE has the world’s ninth highest density of millionaires in the world, the Boston Consulting Group (BCG) has said in a new report. The UAE’s GCC peer Qatar has the world’s highest density of millionaires, where 143 out of every 1,000 households had private wealth of at least $1 million, followed by Switzerland (116), Kuwait (115), Hong Kong (94), and Singapore (82). In the UAE, 40 out of every 1,000 households boast of private wealth of at least $1 million, according to the report.