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Saudi Has Most Billionaires in Middle East, Dubai Top City With 38

Saudi Arabia has more billionaires than any other country in the Middle East, according to a new study of the ultra-rich.

The Middle East has 187 billionaires according to data compiled by Wealth-X for the Billionaire Census 2023.

The US leads the global tally with 955 billionaires in 2022, followed by China (357), Germany (173) and the UK (114). India completes the top five with a reported 113 billionaires.

Saudi Arabia leads the Middle East list, with 71 billionaires commanding a cumulative wealth of $205bn.

Unsurprisingly, the UAE is next in the region with 45 billionaires having a shared fortune of $200bn according to the study.

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Arabian Business

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