Half a million people are now ultra-wealthy in the world – reportMarch 4, 2020 - 14:13 AMT PanARMENIAN.Net - The number of ultra-high net worth individuals (UHNWIs) – those with assets of more than $30 million (£26.5m) – rose by 6% last year to 513,244, The Guardian reports citing a report by the property consultants Knight Frank. That means there are more ultra-wealthy people around the world than the populations of Iceland, Malta or Belize. The UHNWI population is expected to swell by a further 27% to 650,000 by 2024, the report estimates, as huge fortunes are being made in India, Egypt, Vietnam, China and Indonesia. Those with slightly more modest fortunes also increased. There are now 50m dollar millionaires (£770,000), up from 46.9m in 2019. That’s more than the population of Spain. The overall numbers of UHNWI people in Knight Frank’s study sharply increased compared with its 2018 study, after the firm changed its methodology to include the value of individuals’ homes. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |