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RIYADH: Saudi Arabia is poised for a 105 percent surge in average wealth per person in the next 10 years, jumping from the current $54,000, a new study showed.
According to Henley & Partners’ BRICS Wealth Report, the Kingdom presently holds the sixth position within the bloc in terms of high-net-worth individuals.
The consulting agency added that Saudi Arabia currently hosts 58,300 millionaires, encompassing 195 centi-millionaires and 22 billionaires, marking a significant 32 percent increase since 2013.
Centi-millionaires, defined…