Report from Britain expected to increase the number of affluent individuals in Saudi Arabia

Real estate company Knight Frank has estimated that the number of wealthy people in Saudi Arabia will increase by 10.4% next year, leading the Kingdom in the Middle East in terms of growth in the number of wealthy people.

According to a report by Knight Frank, a real estate and asset management company based in the UK capital London, the Middle East region ranks first in the world in terms of growth in the number of wealthy people in it. , as their number increased by 16.9% over the last 2022 and reached their net assets of over $30 million.

The report says that Saudi Arabia will achieve an annual growth rate of 10.4% in the wealthy industry.

According to the report, India is also seeing a meteoric rise in the number of its wealthy as the report expects the number of rich Indians to grow by 58.4% over the next five years.

The report predicts that the number of wealthy people in India will reach 19,119 in 2027, up from 12,069 in 2022.

The number of billionaires in India is expected to rise to 195 in 2027, up from 161 in 2022.

India’s high-income population with assets of one million dollars or more, i.e. millionaires will increase to reach 1.65 million within five years compared to 797,000 and 714 millionaires in India, which were registered last year. which means that the number of millionaires in India will grow by 107% in just five years.

Source: Knight Frank + Saudi Media