Dubai has the most billionaires in the Middle East.

[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]According to a new Wealth-X research called the Billionaire Census 2023, Dubai has the highest number of billionaires in the Middle East. While Saudi Arabia is the region’s leader, Dubai is the favourite destination for the super-rich.

The report emphasises Dubai’s significant attractiveness to billionaires who pick it as a residence or business location. Overall, the city boasts 38 billionaires who contribute significantly to the Middle East’s overall wealth.

Despite a drop in the number of billionaires in the Middle East, their collective wealth has grown. This demonstrates the region’s potential to generate significant riches even in difficult times.

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The favourable business environment, strategic location, and active economy have all contributed to Dubai’s rise as a billionaire hub.

The city’s appealing investment opportunities, superb infrastructure, and thriving financial sector make it an appealing destination for the ultra-rich.

Here are the top eleven cities in the world with the most billionaires:

While Dubai shines in the Middle East, the United States (US) continues to top the world in terms of billionaires, followed by China, Germany, and the United Kingdom. India is also one of the top countries having a large number of billionaires.[/vc_column_text][/vc_column][/vc_row]