Saudi Arabia top Middle East richest list

JEDDAH: Saudi Arabia and the UAE jointly account for over 45 percent of the UHNW (ultra high net worth) population in the Middle East, a new Wealth-X study has found.

 The wealth-intelligence organization defines UHNW individuals as those with $30 million and above in net assets.

 Saudi Arabia has the largest UHNW population (1,495 ultra wealthy individuals) and UHNW wealth ($320 billion) in the region, followed by the UAE, said the report.

 In the UAE, there are 1,275 such individuals, worth a combined $255 billion, representing 20 percent of the total ultra wealthy population in the Middle East.

 The UAE is ranked 22nd in Wealth-X’s global ranking of UHNW population by country, behind Saudi Arabia (17) but ahead of Kuwait (32). Nearly 1,000 ultra high net worth (UHNW) individuals

are based in UAE capital Abu Dhabi (450 individuals) and Dubai (495).

 The report said that Saudi Arabia’s more dispersed economic growth has resulted in a split of its UHNW population across a few of its key hubs.

 All of these main hubs have experienced faster growth in UHNW population than their respective country’s average.

 This concentration exemplifies how vital infrastructure is facilitating the growth of both fortunes and opportunities.

 “As such, clusters continue to dominate, and we expect these cities’ existing pull of international resources to become stronger,” said the report.

 Saudi Arabia and the UAE jointly account for over 45 percent of the region’s UHNW population, and both of these countries experienced fast growth in UHNW population and wealth.

 The only country in the region to experience an overall decline in its UHNW population and wealth this year was Kuwait, due to the slow GDP growth and a declining equity market in the country.

 In Saudi Arabia or UAE, the UHNW populations control more than half their respective countries’ total wealth.

 The study also reveals that 57 percent of the UAE’s UHNW population amassed their fortune through entrepreneurship.

Only 8 percent fully inherited their fortune; and 35 percent partially inherited and grew their wealth.

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Fiorina leads Clinton by double digits in Iowa

Another survey discovers GOP presidential candidate Carly Fiorina ahead of Democratic leading candidate Hillary Clinton by 14 percent in the early-voting State of Iowa.

 The Wall Street Journal/NBC News/Marist survey discovered Fiorina up 52-38, with Clinton trailing a few GOP rivals in Iowa and New Hampshire in speculative straight on match-ups.

 The biggest Iowa hole is with Fiorina, however previous Secretary of State Clinton additionally trails Jeb Bush by 10 percent and Donald Trump by 7% there in the survey.

Clinton-Fiorina

Sen. Bernie Sanders (I-Vt.), Clinton's top adversary for the Democratic race, fairs better.

Sanders trails Bush and Fiorina by only 2 and 3 percent individually, and leads Trump by 5 percent. 

In New Hampshire, where Clinton declared her weapon control proposition Monday, Sanders drives Fiorina by 2%, bests Trump by 10 percent and ties with Bush, while Clinton trails Fiorina by 8 percent, Bush by 7 percent and leads Trump by 3 percent.

 A comparative NBC News/Wall Street Journal survey discharged a week ago discovered Vice President Joe Biden, who is considering entering the Democratic race, fairing preferred broadly over Clinton in match-ups with a few Republican presidential applicants.

 Trump and Clinton keep on driving their individual gatherings in the two early-voting states after the second GOP level headed discussion a month ago and in front of the first Democratic open deliberation one week from now.

 Trump's lead in Iowa, however, has dropped. He has 24 percent backing, trailed by Ben Carson at 19 percent, Fiorina at 8 percent and Bush at 7 percent among 491 GOP voters, with a 4.7 percent safety buffer.

 Trump drives Fiorina by 5 percent in New Hampshire, 21 to 16 percent, trailed by Bush at 11 percent and Sen. Marco Rubio (R-Fla.) and Carson tied at 10 % each.

 On the Democratic side, an overview of 348 Democratic voters, with a 5.3 percent of margin error, discovers Clinton driving in Iowa (47 percent), trailed by Sanders (36 percent) and previous Maryland Gov. Martin O'Malley (4 percent).

Sanders has a 9 percent lead in New Hampshire. The studies of 1,061 enlisted voters in Iowa and 1,044 in New Hampshire were directed Sept. 23 to Sept. 30 with a wiggle room of 3 percent each.

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Top Ten Richest Royals in the World

We might want to acquaint you with a portion of the wealthiest individuals on Earth that additionally happen to be royals in their local nations. Shockingly, Queen Elizabeth II of England didn't make this rundown in light of the fact that a $450 million total assets doesn't make her sufficiently rich. The Middle East is a hotbed for riches and has made the royals in the district hugely rich. While a few royals like to spend their cash on paltry things left and right, others utilize their riches for the benefit of their kinsmen. 

So which royals on the planet are the wealthiest? How could they have been able to they turn out to be so rich and what's happening with they with the greater part of that cash now? We discovered the responses to these inquiry and then some. 9 of the 10 royals on our rundown are very rich people, and the slightest wealthiest still has $800 million to his name. Right off the bat, here they are.

#10 – Karim al-Hussayni, Aga Khan IV ($800 Million)

The present Imam of Nizari Ismailism took on the position in July of 1957 when he was only 20 years of age. Despite the fact that Karim is an imperial, he doesn't have principle over any particular domain on the planet. He at present lives in France, yet was conceived in Sweden. 

Karim is a fruitful businessperson in Europe, particularly the United Kingdom. In this nation, he has possessed the capacity to cushion his wallet by rearing many race stallions and owning selective clubs for the well off. Karim was at one time an extremely rich person, yet the subsidence constrained him to decrease his inns, which plunged his total assets down to $800 million. That is still a huge amount of cash and sufficiently only to make this rundown.

#9 – Albert II, Prince Of Monaco ($1 Billion)

Monaco is one of the littlest nations on the planet with under 40,000 individuals making up the populace, yet it has been known not one of the wealthiest per capita. With a GDP of over $5 billion, Albert II possesses almost 20 percent of Monaco. That being said, Albert II and his family own a great part of the land in the nation, and also some property in France. Clubhouse operations have intensely supported this imperial family's riches. The castle is excluded in Albert II's total assets, or else it would be significantly higher. 

In 2005, Albert II assumed control as the Prince Of Monaco when Rainier III passed away. Albert II has been the subject of a wide range of disputable points, including a progression contention on account of his kids out of wedlock. His face is put all over in the nation. Albert II is even on the five Euro piece, following each Prime Minister gets the opportunity to be on cash.

#8 – Hamad bin Khalifa Al Thani, Former Emir Of Qatar ($2.4 Billion)

Hamad bin Khalifa Al Thani turned into the Prime Minister and Emir of Qatar in June of 1995. While his rule as Prime Minister went on for a little more than a year, he was the Emir until June of 2013. A rebellion occurred in that year (with fortunately no one biting the dust), so his power was surrendered. Then again, Hamad is still an royal in the nation and has assisted Qatar with getting to be one of the wealthiest with a for each capita of over $86,000 every year. 

Qatar and Hamad have turned out to be exceptionally rich in the course of recent decades on account of the normal gas market in the nation. Those that work at the top in the oil business make enough to raise the normal pay to the most elevated on the planet, in spite of the way that a large portion of the oil laborers are paid beside nothing. Hamad's child Tamim is currently the Emir of Qatar, yet before he cleared out force, Hamad had the capacity "persuade" FIFA to have the World Cup in his nation in 2022, notwithstanding enormous feedback.

#7 – Mohammed VI, King Of Morocco ($2.5 Billion)

Mohammed VI is the top banker in the small country of Morocco, and one of the most notable in all of Europe. Since the royal family of Morocco is in charge of a lot of the money in the country, Mohammed VI was set up for success before he even assumed the role as king. Pretty much every profitable company in Morocco is run by Mohammed VI and his family, which has given them a large net worth collectively.

Mohammed VI took on the role of king in 1999 after his father passed away. Each year to commemorate his late father’s birthday, nobody has to go to work, which is pretty nice of the king. Mohammed VI is 51, which actually makes him one of the youngest on this list, and he has two children. There has been some controversy, including pardoning nearly 50 people that were jailed for rough crimes, but other than that, it’s been pretty smooth sailing for Mohammed VI.

#6 – Hans Adam II, Prince Of Liechtenstein ($3.5 Billion)

After both his mother and father passed away in 1989, Hans Adam II assumed the position of Prince, which actually has a broad amount of power in the small (but wealthy) country of Liechtenstein.

As prince, Hans has been in charge of the LGT banking group. This venture earned him $4 billion on his own while he inherited the rest. The old money is spread across the family, otherwise Hans would be higher up on this list. Even though Hans is still the prince of the country, he has given most of his power away to his son to begin a smooth transition into the next generation. The family’s powers were almost stripped by the people, but now it appears that they will continue to be very wealthy for years and years to come.

#5 – Mohammed bin Rashid Al Maktoum, Emir Sheikh Of Dubai ($4.5 Billion)

Mohammed bin Rashid Al Maktoum has assumed the position of Vice President and Prime Minister of Dubai, while Khalifa bin Zayed Al Nahyan is the President of the United Arab Emirates (whom we will talk more about next on this list.) The two men are cousins, so it was a natural choice to have Mohammed as the Vice President of the thriving country. Mohammed has been working closely with building the UAE into what it is today, including constructing new buildings and establishing a media presence.

The tallest structure in the world, the Burj Khalifa, was launched by Mohammed himself in Dubai. Mohammed is also the mastermind behind many of the other tourist destinations in the country, which have seen a huge boost over the last decade. Thanks to his great ideas, Mohammed and his countrymen have become quite wealthy and have more influence than ever.

#4 – Khalifa bin Zayed Al Nahyan, Emir of Abu Dhabi ($15 Billion)

Khalifa bin Zayed Al Nahyan wears three different hats when it comes to his positions as royalty. Khalifa’s main focus is as the president of the rising United Arab Emirates, as well as the Emir of Abu Dhabi, and he is also in charge of the Union Defence Force.

Khalifa’s father had a substantial amount of wealth, and he only received part of it after his father passed away. While the family as a whole is worth around $150 billion, Khalifa has 10 percent of that wealth to himself. The tallest structure in the world, the Burj Khalifa, was named after Khalifa to honor him for all he has done for his country. Khalifa has donated nearly half a billion of his fortune to charity, but has been described by people as uncharismatic. You don’t have to be too charismatic when you inherit a fortune like that.

#3 – Abdullah bin Abdul Aziz Al Saud, King Of Saudi Arabia ($18 Billion)

Before his death on the 22nd of January 2015, Abdullah bin Abdul Aziz Al Saud had been able to climb to number three on this list, despite the fact that he was the King of Saudi Arabia for less than a decade. Abdullah had many different roles in politics in the middle eastern country for years until he was finally named King after his brother passed away in 2005. Saudi Arabia has been known to have strong economic ties to large countries such as the United States, which has allowed Abdullah to become very rich, especially in the oil market.

Abdullah has been very generous with his money since ascending to the throne. Some of his philanthropic work has included the donation of $500 million to help those that go without food, and he’s paid off outstanding loans for more than 3,000 deceased Saudi Arabians. While he may be a bit controversial, it can be said that Abdullah has done his share of good for the world.

#2 – Hassanal Bolkiah, Sultan Of Brunei ($20 Billion)

We had to use the shortened version of the name for this royal because his full name is sixteen words long. Hassanal Bolkiah is the current Sultan of Brunei and the first ever Prime Minister of the country. The throne became Hassanal’s after his father was abdicated in the late 1960’s. He was not even 20 years old when he took over.

In 1997, Hassanal was the richest person in the world (that one year that it wasn’t Bill Gates.) This sultan’s work in the banking sector has padded his net worth nicely, and he’s making sure that his blood line will be wealthy for generations to come. Hassanal better hope so because he has a dozen children with three different spouses.

It was a weird start for Bhumibol Adulyadej, who had to sit in the throne much earlier than expected after his brother (the king at the time) was shot. At just 19 years old, Adulyadej became the king of Thailand. Now at 87 years old, Adulyadej is the longest reigning head of state in the entire world.

#1 – Bhumibol Adulyadej, King Of Thailand ($30 Billion)

Some argue that the ruling body of Thailand itself owns Adulyadej’s fortune, but’s hard to ignore the amount of money he has earned on his own. Adulyadej’s wealth comes from a lot of real estate investing in Thailand and across the globe, as well as a few banks and hotels. 

Although Adulyadej still would have been wealthy if he was never King, being in that position has made him the richest royal in the world.

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