Over the next decade, Dubai’s population of centi-millionaires (those with a net worth of $100 million or more) is expected to grow by 78%.
Dubai currently has 210 centi-millionaires, ranking 16th out of 50 global cities in this category. With 775 centi-millionaires, New York leads the global list, followed by the Bay Area, San Francisco, which has 69 billionaires. In the last 20 years, the worldwide number of centi-millionaires has more than quadrupled to 28,420 people.
With a predicted 38% growth in centi-millionaires over the next decade, Asia and the Middle East are likely to play a larger role in this demographic.
This riches is largely the result of inheritance, company sales, stock market operations, and successful technological projects.
