Half a million people are now ultra-wealthy in the world – reportMarch 4, 2020 - 14:13 AMT PanARMENIAN.Net - The number of ultra-high net worth individuals (UHNWIs) – those with assets of more than $30 million (£26.5m) – rose by 6% last year to 513,244, The Guardian reports citing a report by the property consultants Knight Frank. That means there are more ultra-wealthy people around the world than the populations of Iceland, Malta or Belize. The UHNWI population is expected to swell by a further 27% to 650,000 by 2024, the report estimates, as huge fortunes are being made in India, Egypt, Vietnam, China and Indonesia. Those with slightly more modest fortunes also increased. There are now 50m dollar millionaires (£770,000), up from 46.9m in 2019. That’s more than the population of Spain. The overall numbers of UHNWI people in Knight Frank’s study sharply increased compared with its 2018 study, after the firm changed its methodology to include the value of individuals’ homes. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |