According to a report by Wealth-X, a New York-based research, the total number of high net-worth (HNW) individuals in Bangladesh will rise by 11.4 percent in the next five years.
The suggestion came in the report titled ‘World Ultra Wealth Report 2019’ published on Wednesday.
In the report, Bangladesh has been ranked third in terms of increasing rich population, only behind Nigeria and Egypt who have been ranked first and second respectively.
Apart from Bangladesh, four other countries posted double digit growth in terms of their rich population. They are Nigeria (16.3%), Egypt (12.5%), Vietnam (10.1%) and Poland (10.0%).
Five other countries on the top 10 list are China (9.8%), Kenya (9.8%), India (9.7%), the Philippines (9.4%) and Ukraine (9.2%).
In terms of richest concentration of rich people, the top 10 countries are US (8.68m UHNW population), China (1.88m), Japan (1.62m), Germany (1.02m), UK (893,905), France (877,380), Canada (505,010), South Korea (476,705), Australia (473,600) and Italy (418,090).
Notably, in its earlier report published in September 2018, the Wealth-X put Bangladesh on top of the list of the countries that saw the quickest growth in the number of ultra-high net worth (UHNW) population with a 17.3 percent growth during the 2012-17 period.
It defines HNW individuals as those with a net worth of $1 million to $30 million and those worth more than $30 million are classified as ultra-high net worth (UHNW).
HNW individuals are defined as people with investable assets up to $30 million, usually excluding personal assets and property such as a primary residence, collectibles and consumer durables.
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