14,994 UAE Residents Became Millionaires In 2019

A new wealth research report by real estate consultants Knight Frank reveals an astonishing 14,994 UAE residents became millionaires in 2019, and a grand total of 197,565 high rollers in the city.

14,994 UAE residents earned over $1 million in 2019

Dubai’s millionaire club soars with 14,994 UAE residents earning $1 million (AED 3.67m) in 2019, an eight per cent increase after last year’s total of 182,768. According to the World Population Review, the UAE’s population is 9.8 million, meaning one in every 49 people is a millionaire!

Dubai UAE millionaires 2019 Knight Frank report wealth

Via Giphy

1,681 ultra-high net worth individuals in the UAE

Meanwhile, the study reveals the UAE got 77 more ultra-high net worth individuals (UHNWIs) last year, earning more than $30 million (AED110.2m). The total tally stands at 1,618. What’s more, the country plays host to 62 billionaires.

Dubai UAE millionaires 2019 Knight Frank report wealth

Photograph credit: Dubai Media Office

The UAE ranks 29th for most UNHWIs

Knight Frank’s report ranks the UAE at number 29 as home to ultra-high net worth individuals. The US leads the ranks playing host to 240,575 big spenders, followed by China with 61,587 and Germany with 23,078. Click here to access the report.

Dubai UAE millionaires 2019 Knight Frank report wealth

Photograph credit: Pexels

(Featured photograph credit: Dubai Media Office)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.