The wealth of UAE-based billionaires surged by $39.3 billion (Dh144 billion) in 2024, reaching a total of $138.7 billion (Dh509 billion), according to Swiss bank UBS’s annual report. This represents a 39.5% increase as the UAE continues to attract high-net-worth individuals drawn to its tax-free income, political stability, and robust security. The UAE now hosts 18 billionaires, adding one more to its billionaire population this year.<\/p>
The Billionaire Ambitious Report<\/em> revealed a global trend of billionaire wealth growth, noting a 121% increase from $6.3 trillion in 2015 to $14 trillion in 2024. Wealth in the Europe, Middle East, and Africa (EMEA) region rose 17%, totaling $3.7 trillion, with the UAE leading the Arab world and ranking second in the Middle East for billionaire count after Israel (26).<\/p> The UAE is a top relocation destination alongside Switzerland, Singapore, and the US, particularly since the COVID-19 pandemic. UBS observed that since 2020, 176 billionaires, collectively holding over $400 billion, have moved globally, often citing not just tax advantages but also political stability and safety as deciding factors.<\/p> Wealth accumulation in technology sectors outpaced others, with tech billionaires tripling their wealth from $789 billion in 2015 to $2.4 trillion in 2024. Industrial billionaires also saw significant growth, with their wealth rising from $480 billion to $1.3 trillion.<\/p> Looking ahead, nearly half of billionaires plan to increase investments in real estate and developed market equities, positioning themselves for potential economic growth amid shifting interest rate cycles.<\/p>","protected":false},"excerpt":{"rendered":" The wealth of UAE-based billionaires surged by $39.3 billion (Dh144 billion) in 2024, reaching a total of $138.7 billion (Dh509 billion), according to Swiss bank UBS’s annual report. This represents a 39.5% increase as the UAE continues to attract high-net-worth individuals drawn to its tax-free income, political stability, and robust security. The UAE now hosts […]<\/p>\n","protected":false},"author":1,"featured_media":1232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,87],"tags":[],"class_list":{"0":"post-1231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gulf-en","8":"category-uae-en"},"acf":[],"_links":{"self":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts\/1231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/comments?post=1231"}],"version-history":[{"count":1,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts\/1231\/revisions"}],"predecessor-version":[{"id":1233,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts\/1231\/revisions\/1233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/media\/1232"}],"wp:attachment":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/media?parent=1231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/categories?post=1231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/tags?post=1231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}