Gulf financial centers attracting rising class of ‘centi-millionaires’
There are currently 29,350 centi-millionaires around the world, a figure that has grown by 54% over the last 10 years, Henley & Partners says
Etihad Towers in Abu Dhabi (Getty Images)
Dubai, Abu Dhabi and Riyadh are among the cities that will likely experience explosive growth over the next two decades because of a proliferation of “centi-millionaires.”
A report by Henley & Partners predicts a 150% increase in the three Gulf financial centers of residents with liquid investable assets of $100 million or more.
There are currently 29,350 centi-millionaires around the world, a figure that has grown by 54% over the last 10 years.
New York’s 744 centi-millionaires represent the world’s largest collection of the super rich, followed by the San Francisco Bay Area with 675 and Los Angeles with 498, according to the report. London ranks fourth with 370 centi-millionaires.