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Tuesday, 29 October 2019

Egyptian adults account for 0.2% of global wealth

Egyptians account for 0.2% of global wealth, with a total of 11 individuals with a net worth exceeding USD 500 mn, according to Credit Suisse’s Global Wealth 2019 report (pdf). There are currently 86 Egyptians with a net worth between USD 100 mn and USD 500 mn. If your wealth is worth more than USD 1 mn, you are among the top 0.1% in the country in terms of wealth. According to the report nearly three quarters of Egypt’s adult population has less than USD 10k to their name. The US and China have the highest numbers of high net-worth individuals, while Pakistan is at the bottom of the list with zero adults having a net worth above USD 5 mn.

Egypt’s GDP per adult places us in the “lower middle income” category, at USD 4,689. The average wealth per adult in Egypt at USD 15,395, up 11.5% y-o-y in 2019 from USD 13,810 in 2018, the bank says.

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