Guess who made this list and coming in at #4?
4) Kuwait
Population: 2.8 million
Percentage of Millionaire Households: 8.2%The rising price of oil has led to more millionaires in this tiny country. With some 100 billion barrels of crude, Kuwait has been growing rapidly. But the oil-dependent nation now plans to spend up to $140 billion over the next five years to diversify away from oil and to attract more investment — a move that could help it ascend this list’s ranks. Such a strategy may help billionaire Nasser Al Kharafi, chairman of one of the most diversified and largest conglomerates in the Arab world. His food division, Americana, has the Middle East franchise rights to KFC, Wimpy, TGI Fridays and Pizza Hut, among others.
They’ve messed up big time though by having a picture of the Babylon Gates from Iraq as a visual representing Kuwait. I guess the Kuwait Towers was just too cliche? Here is the link to the full [Article]
Thanks Zaid
15 replies on “Where the World’s Millionaires Live: The Top 10 Countries”
Actually Al-Humaithi are the owners of Pizza hut,
Yeah that was a big mistake, as usual since Kuwait was not located in the world map before the First Gulf war .
@Dark Blue, Trust me it was located but maybe you weren’t born then thats why you lack the knowldge.
Its ok with me because this is the part were I come and educate people about my beautiful country Kuwait .
and it’s the 39th in peaceful rank: https://tinyurl.com/2unj5wl
Blue, The same report mentions that Cuba & China are more peaceful, which makes me question the report.
If you go by the %, then Kuwait is 4th.
However, if you convert the report by number of millionaires, then the picture is a little different and Kuwait comes in last but one.
1. US with 12.7 M
2. Taiwan with .69 M
3. HK with .62
4. Swiss with .57
5. Sing with .53
6. UAE with .30
7. Belgium with .24
8. Is***l with .24
9. Kuwait with .22
10 Qatar with .06
Again, this does not represent the right picture, as ‘being a Dollar Millionaire’ is no longer a big deal and a whole lot of people do not disclose their wealth, just like Sovereign wealth is not a part of Billionaires list. Further, the largest number of billionaires are in Asia, and particularly in China.
It is purely a matter of interpretation.
These are the gates of the iraqi embassy in amman!
They’re the Ishtar gates. The originals are not in Iraq anymore they are in a museum in Berlin. The ones in Iraq are the replica.
https://en.wikipedia.org/wiki/Ishtar_Gate
Dark Blue, Americana has the rights to Pizza Hut everywhere in the MENA besides Kuwait.
3azeez, i was being sarcastic about the westerners lack of knowledge about the middle east.
I think Dark Blue may have been joking about the world map?
This isn’t new news. We all know who the millionaires are in Kuwait, as they have had their wealth for decades.
Examples:
Al-Sabah
Al-Kharafi
Al-Ghanim
Al-Homaizi
Al-Sager
Al-Ghunaim
Al-Sayer
Al-Bisher
Al-Sayer
Al-Hamed
Al-Khaled
dana, if you think that’s the whole list … your living back in the 70’s. there’s a reason as to why kuwait is #4 on the list .. those 11 examples dont make up close to 8% of the total population .. also ur not including all the new millionaires in kuwait … + define a millionaire (anyone who has wealth of > ~ 350,000 KWD)
Oh does that mean I’m on there too?
LMAO,
I must be getting robbed…
@Dana: you have Al-Sayer written down twice.