Report: Qatar’s rich getting richer, but wealth of middle class stagnates

Though the number of affluent individuals living in Qatar continues to rise, growth in the typical resident’s wealth has been sluggish in recent years, according to new research.

The annual Credit Suisse Global Wealth Report showed that Qatar’s wealth has steadily increased since 2009, following the worst of the global financial meltdown.

Wealth was calculated by adding up the amount of cash, financial investments and assets such as real estate someone holds before subtracting debts.

As a whole, the collective wealth of Qatar’s adult population stands at US$203 billion, which is up 1.5 percent over 2014.

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Source News: Doha News
Photo: Chantelle D’mello