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Number of rich rising fastest in Bangladesh

  • Published at 01:18 am September 12th, 2018
Rich population
Bangladesh has been ranked as the fastest growing country in the world in terms of its increasing rich population Image Taken from WEALTH-X report

The World Ultra Wealth Report 2018 by WEALTH-X, published on September 5, said the ultra-high net worth (UHNW) population in Bangladesh posted a 17.3% growth over the last six years (2012-17)

Bangladesh has been ranked as the fastest growing country in the world in terms of its increasing rich population, according to a report.

The World Ultra Wealth Report 2018 by WEALTH-X, published on September 5, said the ultra-high net worth (UHNW) population in Bangladesh posted a 17.3% growth over the last six years (2012-17), reports UNB.

During the same time, the UHNW number rose by 12.9% globally to 255,810 people with their combined wealth surged by 16.3% to $31.5 trillion.

Image taken from WEALTH-X report

UHNW refers to individuals with a net worth of $30 million or more. US-based WEALTH-X provides intelligence and market research on UHNW.

"Looking at a broader range of nations, China - perhaps surprisingly - is not the global leader. That status lies with Bangladesh, which has registered compound annual growth in its UHNW population of 17.3% since 2012,” the report said.

Apart from Bangladesh, four other countries posted double digit growth in terms of their rich population. They are China (13.4%), Vietnam (12.7%), Kenya (11.7%) and India (10.7%).

Image taken from WEALTH-X report

Five other countries in the top 10 list are: Hong Kong (9.3%), Ireland (9.1%), Israel (8.6%), Pakistan (8.4%) and United States (8.1%).

In terms of richest concentration of rich people, the top 10 countries are: US (79,595 UHNW population), Japan (17,915), China (16,875), Germany (15,080), Canada (10,840), France (10,120), Hong Kong (10,010), United Kingdom (9,370), Switzerland (6,400) and Italy (5,960).