Where the World's Millionaires Live

By David de Jong - 2012-06-06T19:49:33Z

Photograph by Jonathan Kitchen/Getty Images

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6. United Arab Emirates

Population: 5.3 million
Percentage of millionaire households: 5.0%

Of the seven members of the Gulf state, no emirate was hit harder by the global financial turmoil than Dubai, the financial and transport hub of the Middle East. Dubai was on the brink of default in 2009 due to heavy exposure to the imploding real estate market. The emirate survived solely through central bank intervention. The seven emirates count about 57,000 millionaire households, the majority of millionaires being Western expats based in Abu Dhabi or Dubai. The richest inhabitants are members of the al Ghurair family, who, through their namesake group, hold stakes in banking, malls and manufacturing.

CORRECTION: An earlier version misstated the population of United Arab Emirates

Data from: Boston Consulting Group and Bloomberg Billionaires

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