The number of high networth individuals (HNWIs) from the Middle East and their total wealth surged last year, reporting the second highest growth rate in the world, according to the latest World Wealth Report published by Merrill Lynch and Capgemini.
The combined wealth of HNWI and ultra-HNWIs (individuals with more than $30 million [Dh110 million] assets) increased 12.5 per cent last year to $1.7 trillion.
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