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Tuesday 23 March 2010
Secrets of Kuwaiti ultra high net worth, revealed by a Swiss Banker
Research conducted by Heinrich Weber, Swiss Banker and author of ‘The Ultra High Net Worth Banker's Handbook,’ estimates that there are 150 ultra high net worth individuals (UHNWI) in Kuwait after the crisis with an average wealth of US$370 million.
In comparison, estimates show that there are around twenty thousand (20,000) UHNWI in existence today, with more than 25% or 5,150 of them residing in the United States.
Between them, they possess wealth that exceeds US$5,000 billion, which is equivalent to 10% of the world's estimated total wealth.
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