Saudi billionaires' pockets hit after corruption crackdown - survey | ZAWYA MENA Edition:
"The Middle East's billionaire population continued to rise last year, but those residing in Saudi Arabia took a hit to their income as the government rounded up key business and political figures in a crackdown on alleged corruption, according to a new report. The annual Billionaire Census produced by research consultancy Wealth-X found that the number of billionaires in the Middle East and North Africa grew to 189 (up 11.9 percent) in 2017, and that the wealth these individuals possess also grew by 2.1 percent to $474 billion. Both the United Arab Emirates and Saudi Arabia were among the top 10 nations for billionaire populations last year (joint ninth, with 62 billionaires each), and Dubai was one of the world's top cities where billionaires reside (ranked 8th, above Mumbai but below Singapore). However, while the combined wealth of those in the UAE grew by 4.3 percent, Saudi billionaires' wealth declined by 4.4 percent."
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