World Wealth Intelligence, page

According to a new report by Wealth-X,a Singapore based research and advisory firm,Saudi Arabia hosts the largest market of ultra-high net worth individuals (UHNW) in the Middle East, representing 1,225 people holding a collective wealth of $227 billion.

Source

Saudi Arabia ranks first among Middle East countries in World Ultra Wealth Report 2011, housing some 27 percent of the region’s super-rich segment.The report from Wealth-X, the global intelligence, prospecting and wealth diligence company, offers an analysis of individuals with a net worth of at least $30 million.It also forecast that the Kingdom’s sophisticated financial sector would lead to more wealth creation opportunities.

$ 227,000,000,000 divided by 1,225 people is $ 185,306,122 per person on average.


Alwaleed Bin Talal Bin Abdulaziz Alsaud Royal Prince of Saudia Arabia was recently in Somalia promising aid to the government.

Source / Alternative source footage available / Profile

The Somali government on August 27 hosted His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who chairs the Alwaleed Humanitarian Foundation, as he made an assessment visit on behalf of the organization to the famine afflicted capital, Mogadishu.[/ex
Alwaleed Humanitarian Foundation

Kingdom Holding Company

Saudi Investments

Banking Services

Real Estate

Hotels

Consumer and Healthcare

Technology, Media and Telecommunications

Industrial

Other Investments

reply to post by Daedal

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Samba Financial Group

Samba is one of the leading financial institutions in the Middle East and one of the most profitable retail banks in Saudi Arabia. Samba was named best bank in Saudi Arabia in 2006 by Euromoney and Best Investment Bank Middle East/Africa by Global Finance. Samba had an estimated 2006 market share within Saudi Arabia of approximately 15 percent in terms of total banking assets and 14.3 percent with respect to total banking deposits. In 2006, Samba generated total operating income of SR 7.3 billion and net income of SR 5.2 billion. As of 31 December 2006, its net assets were SR15.3 billion. KHC currently holds 30,000,000 shares of Samba, representing approximately five percent of its total outstanding shares.[/ex

Source / Alternative source

Large-Scale Cash Smuggling Drives Billions of Dollars Out of Syria

Source / Alternative source

Money has been streaming out of Syria as fears for the unstable economy lead Syrians to seek a safer place for their assets, according to members of the country’s business community.

Cash is being smuggled over the border to Lebanon “every day, every hour,” said one Syrian businessman, while another claimed Syrian money is being stashed in the grey economy that has long existed between the two countries.

The squeeze on Assad – June 30, 2011

Source / Alternative source

Capital flight is rampant. Drivers on the roads into Lebanon talk of clients going from their bank in Damascus straight to one in Beirut, carrying large bags. According to one estimate, $20 billion has left the country since March, putting pressure on the Syrian pound. To slow capital flight, the government has raised interest rates. A phone company controlled by the Assad family sent out messages urging people to put money back into their accounts.

A collapse of Syria seems imminent.I don't think it can handle the massive amounts of money being transferred out of the country plus the mass protests and demonstrations.


Lebanese tell U.S. official local banks not accepting Syrian funds

Today Washington sent a senior treasury official to Lebanon to check on recent media allegations that Lebanon is a safe haven for fleeing Syrian deposits.

Source

BEIRUT: Lebanese bankers refuted again some media allegations that Lebanon is a safe haven for fleeing Syrian deposits as Washington sent a senior treasury official to check if financial institutions are complying with U.S. and European efforts to foil any attempt by Damascus to evade sanctions. U.S. Treasury Assistant Secretary for Terrorist Financing Daniel L. Glaser, who held talks with Prime Minister Najib Mikati, Central Bank Governor Riad Salameh and a number of representatives from the banking community, called on Lebanese authorities to protect the financial sector from the potential of Syrian attempts to evade U.S. and European financial sanctions.

Europe Wealth By Tier

Now this is completely unbelievable.

Source

Europe remains a key market for professionals within the ultra affluent segment. Wealth-X estimates that the region is home to at least 54,325 ultra high net worth (UHNW) individuals with a combined net worth of $6.81 trillion. Our statistics reveal there are at least 360 billionaires in Europe, and they control slightly more than a fifth of the total fortunes of the UHNW community in the region. There are more than 700 individuals worth between $500 million and $750 million, and approximately 270 individuals worth between $750 million and $1 billion.

So there is roughly 54,000 UHNW individuals with a combined net worth of 7 trillion dollars,wholly cow.That means that for every individual on average has at his or her disposal $ 128,676,471...

reply to post by Daedal

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Dae,

I have starred and flag your thread because it seems to me that these people and countries and industries are so evil that they would prefer to leave people dying of starvation rather than save them.

All for what? These idiots are destroying our own planet and they will cause the death of millions and the total destruction of the planet, which will be their own destruction.

The oil companies - how much of the planet have they destroyed? And they are in the process of destroying our beautiful New Zealand - all for greed.

reply to post by catwhoknowsplusone

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That more applies to Vatican, really. The single wealthies entity in the world.

As for feeding everyone, what do you think will happen to the price of food if they do such a thing? Ooh, farmers are gonna love that.

The ultra-wealthy in California, New York and Texas currently exceed the combined total for China and India

Just a mere three states in the US have more collective wealth than the entire countries of China and India combined.New York being the richest.

Source / Alternative source

The ultra-wealthy in California, New York and Texas currently exceed the combined total for China and India, according to the report. U.S. wealth managers are hiring “hundreds of advisers” to handle the assets of the country's super-rich and the five top states, which also include Florida and Illinois, offer “massive potential” for family offices and estate and tax planners, Wealth-X said.

Wealth-X estimates there are 185,795 UHNW individuals globally, with a total net worth of US$25 trillion.

reply to post by Daedal

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U.S. Gives Millionaires $30 Billion a Year in Tax Breaks and Payments

A startling new report reveals the billions in government dollars that benefit America’s wealthiest citizens.

=http://www.allgov.com/Where_is_the_Money_Going/ViewNews/US_Gives_Millionaires_30_Billion_Dollars_a_Year_in_Tax_Breaks_and_Payments_111116]Source

America’s wealthy enjoy an average of $30 billion a year in help from the U.S. government, according to a study produced for Republican U.S. Senator Tom Coburn of Oklahoma.

Individuals earning more than $1 million annually have been taking advantage of numerous federal subsidies, as well as tax breaks, according to Coburn’s report. The financial assistance ranges from unemployment payments ($15 million a year) to farm subsidies ($45 million a year) to Social Security checks ($1.5 billion a year).

Related material

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Welfare for Millionaires

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Class warfare is a politically charged term these days, from the Wall Street protests to the Capitol Hill negotiations over curtailing the nation’s debt. But a new congressional analysis, obtained by Newsweek, may fuel populist outrage by showing the extent of government subsidies that go to the wealthiest people in America.

From unemployment payments to subsidies and tax breaks on luxury items like vacation homes and yachts, Americans earning more than $1 million collect more than $30 billion in government largesse each year, according to the report assembled by Sen. Tom Coburn, a Republican from Oklahoma, who is so often at odds with members of both parties that colleagues call him “Dr. No.” The Internal Revenue Service provided the data showing how much money was going to the much-referenced top 1 percent.

Upset about the Richest 1%? The Top .000003% Own $25 Trillion

" Here’s a statistic for critics of wealth disparity: three millionths of 1% (0.000003%) of the world’s population has a net worth of $25 trillion.

Source

Wealth-X, a self-described “global wealth intelligence and prospecting company,” estimates that there are 185,795 ultra high net worth (UHNW) individuals (those being people with $30 million or more in assets) on the planet.

Wealth-X says there are 1,235 billionaires in the world with a combined net worth of $4.2 trillion. The richest 15,000 people have total wealth of $10 trillion.

When the U.S. sneezes, Asia catches a cold. While the debate as to whether the region’s economy has decoupled from the U.S. economy is ongoing,there’s no dispute that Asia’s growth in 2011 will surpass that of the developed economies of U.S and Europe.

The International Monetary Fund (IMF) forecasts growth in Asia to be sustained at 8.4% this year. In contrast,the U.S. economy is predicted to expand by only 1.5% in 2011 and Europe’s gross domestic product is expected to add only 1.6% this year.

Obama tells Asia that US is "here to stay" as Pacific power

President Barack Obama said Thursday that the US would make the Asia-Pacific region a "top priority" as the wars in Iraq and Afghanistan wound down, and that despite budget constraints America was "here to stay" as a Pacific power.


Source

BRISBANE, Australia — President Barack Obama said Thursday that the US would make the Asia-Pacific region a "top priority" as the wars in Iraq and Afghanistan wound down, and that despite budget constraints America was "here to stay" as a Pacific power.

In an address to Australian lawmakers in Canberra, Obama said Asia-Pacific countries would play a vital role in shaping the world in the 21st Century.

Projected growth in America according to the IMF thru 2012 is just at 2.5 percent while emerging and developing countries especially in the Asian - Pacific are booming at some 8.4 percent growth.

Guess Mr. President knows how to follow the dollars as well.

Wealth-X Ranks London as Top European City with Largest Number of Ultra Affluent

" London, host city to the 2012 Olympics, has 5,955 individuals with a net worth of at least US$30 million each. More than half of the United Kingdom’s 10,450 ultra wealthy individuals are concentrated in London. "

Sour ce

London, Paris and Zurich Top the List of European Cities with the Most Ultra High Net Worth Individuals.

22 November 2011, Singapore – Wealth-X, the global intelligence, prospecting and wealth due diligence company today listed London as the European city with the most number of Ultra High Net Worth (UHNW) individuals, in its first annual ranking of the most popular UHNW European cities.

Wealth-X Finds Total Net Worth of Australia’s Super Rich at US$350 billion

" Wealth-X estimates there are 30 billionaires in Australia. This group of billionaires or the top one percent of the UHNW population control 23 percent of the total wealth of the country’s UHNW population. There are nearly 100 individuals in Australia worth at least US$500 million, and approximately 305 individuals worth US$200 million to US$499 million. "


Source

15 November 2011, Sydney – Australia’s ultra affluent individuals have a combined net worth of US$350 billion, and are flushed with new wealth brought by rocketing commodity prices, “once in a century” mining boom, the strength of the nation’s currency and steady economic expansion, according to the latest intelligence briefing by Wealth-X today.

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