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FINANCIAL NEWS
Qatari households investable assets hit USD172b in 2014
17 Feb 2015
(MENAFN) Net investable assets of Qatari households’ hovered in the USD153 billion-USD172 billion range in 2014. Ultra-high net worth individual households accumulated a total of USD68 billion-USD72 billion, the Peninsula Qatar reported.
High net worth individual households’ assets ranged between USD65 billion and USD75 billion. Collective assets of lower-level affluent households ranged between USD20 billion and USD25 billion.
Today, wealthy households in the GCC are estimated between 1.5 million and 1.6 million, with investable assets of USD2.2 trillion, according to Strategy&, a global team of practical strategists.
“We define ‘wealthy’ as any household with stable investable assets of more than USD200, 000 on an annual average basis,” Strategy& said in its latest report on GCC’s private banking.
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